The apple doesn’t fall far from the tree.
Joe Biden’s brother Jim is being accused of conning a man into bankruptcy.
Tennessee businessman Michael Frey couldn’t believe his good fortune.
Jim Biden, the brother of former Vice President Joe Biden, had just handed him a business card and a promise to sell Frey’s rural health care plan not only to investors but also the White House.
And Michael Lewitt, a hedge fund manager whose claims of money management expertise had landed him on the pages of Forbes magazine and The New York Times, was offering to find loads of cash, too.
Stick with us, Frey says they told him, and you’ll get rich and change the state of rural health care in America.
Instead, Frey alleges in a U.S. District Court lawsuit, Jim Biden and Lewitt stole his plan and tried to drive the McMinnville businessman into bankruptcy.