Frank Biden, the youngest brother of former Vice President Joe Biden, saw his business interests benefit from millions of dollars in taxpayer loans to Caribbean nations during the Obama years.
The extensive overlap in Frank Biden’s dealings and Obama-Biden foreign policy in Central America is exposed in Peter Schweizer’s new book—Profiles in Corruption: Abuse of Power by America’s Progressive Elite.
Frank Biden first set his sights on the region in 2009, as the Obama administration began to repair the U.S. relationship with Costa Rica. Tensions between the two countries flared under President George W. Bush, most notably on how to deal with drug trafficking.
When President Barack Obama entered the White House, he set out to mend fences in the region in hopes of inaugurating a new era of global cooperation. Leading the charge on that front was Joe Biden, who had long standing ties to the region from his tenure leading the Senate Foreign Relations Committee.
Shortly after the new administration took office, Frank Biden began scouting real estate opportunities in Costa Rica. A lawyer by training, Frank was undeterred by his lack of background in international development and decades old legal troubles at home.
As Schweizer notes, despite the professional and personal handicaps, business opportunities were plentiful for Frank, especially after his brother paid a visit to the country.
“Just months after Vice President [Joe] Biden’s visit, in August, Costa Rica News announced a new multilateral partnership “to reform Real Estate in Latin America” between Frank Biden, a developer named Craig Williamson, and the Guanacaste Country Club, a newly planned resort,” Schweizer writes in his book, a copy of which was exclusively obtained by Breitbart News.
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One of those projects was the building of a 20-megawatt solar power plant in Jamaica, for which OPIC had approved a $47.5 million loan. Around the same time that project was announced, Sun Fund Americas confirmed that signed a power “purchase power purchase agreement to build a 20-megawatt solar facility in Jamaica.”
In total, between 2009 and the end of the Obama administration, Frank Biden’s Caribbean projects benefited from more than $54 million in U.S. taxpayer loans. – READ MORE