MAY 31, 2022 www.washingtonpost.com PAGE 10
Business pursuits and litigation
As vital as James Biden has been in his brother’s personal life, he
has also been a potential liability in his political one. His repeated
eorts at business deals — sometimes using the family name or
enlisting Hunter — have not infrequently ended in recrimination,
bankruptcy or lawsuits. In several cases, as noted by ProPublica and
in Ben Schreckinger’s book “The Bidens,” associates claimed that
James promised to use his status as a Biden to drum up business
but didn’t, which he denies.
Shortly after Joe Biden became a senator, James Biden opened a
nightclub in Wilmington, Del., with bank loans from lenders who
may have been eager to please the new young senator on the Bank-
ing Committee. Joe Biden was in touch with the banks that were
lending money to his brother but did not directly influence the
loans, according to news accounts at the time.
On one occasion in 1975, Joe Biden called Edwards Danforth, chair-
man of the Farmers’ Bank of Delaware, to complain about his broth-
er’s treatment. Biden’s justification, the News Journal reported at
the time, was that he’d only called because the bank was threaten-
ing that a default would be embarrassing for Joe. “They were trying
to use me as a bludgeon,” he said. Eventually, the nightclub folded.
Years later, in 2000, James took out a $353,000 loan from Leonard
Barrack, a prominent Biden donor, according to registry of deeds
documents. Barrack simultaneously hired James’s wife, Sara, and
paid nearly $250,000 for the couple to travel internationally to
work generating business for his firm.
But the relationship fell apart and resulted in competing lawsuits
between Barrack and the Bidens over Sara Biden’s contract and
compensation. Barrack’s firm claimed that, in hiring Sara Biden,