The Securities and Exchange Commission filed a lawsuit this week alleging that a former business associate of James Biden, President Joe Biden’s younger brother, misled investors. While the 12-count civil complaint does not accuse James Biden of personal wrongdoing, it involves a business deal that he was directly involved in, court records show.
In a separate lawsuit filed in 2019, Diverse Medical Management, a hospital corporation, sued Platinum Global Health Partners, Lewitt, Biden, and others in federal court in Tennessee. That lawsuit alleges that Lewitt, Biden and others committed acts of fraud against Diverse Medical Management, which tried to create a sustainable business model that would save small rural hospitals from being shuttered.