Joe Biden's Brother and Hedge Fund Manager Accused of Fraud - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Joe Biden's Brother and Hedge Fund Manager Accused of Fraud

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The Secret Service says shots were fired outside Vice President Joe Biden's Delaware home Saturday night. (Photo: Associated Press) The Secret Service says shots were fired outside Vice President Joe Biden's Delaware home Saturday night. (Photo: Associated Press)
McMINNVILLE, Tenn. (AP) - A federal lawsuit accuses the brother of former Vice President Joe Biden, hedge fund manager Michael Lewitt, and others of attempting to defraud a Tennessee business.
 
The Knoxville News Sentinel reports that the defendants have until mid-August to respond to the lawsuit filed last month by Michael Frey and Dr. Mohannad Azzam. It says the plaintiffs founded Diverse Medical Management to reform failing rural hospitals, and Jim Biden promised to sell the health care plan to investors.
 
It says Biden and Lewitt then promised that $10 million was going to be invested. But the investors never materialized. It says Lewitt then threatened to sue the plaintiffs for not making payments on the borrowed cash. The defendants' attorney, George Mesires, said he had no comment.
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