Biden’s Son-In-Law Advises on Campaign While Investing in COVID

Gage Skidmore Flickr.

Joe Biden is facing a major conflict-of-interest issue. While his son-in-law, Howard Krein has been informally advising on his presidential campaign in regards to Coronavirus he has also been investing in multiple healthcare startups focusing on Coronavirus vaccines and solutions. Krein’s investment firm, StartUp Health, began a new Coronavirus initiative in March that focuses on producing products to combat the virus. The following month Krein was listed as a member participating in daily phone calls with Biden briefing him on health policy during the pandemic. At that same time StartUp Health pledged to commit $1 million across 10 health startup focusing on COVID-19 in 30 days.

Joe Biden has claimed that he keeps all family business dealings completely separate from his work, in a statement from 2019 Biden said, “I have never discussed, with my son or my brother or with anyone else, anything having to do with their businesses. Period. And what I will do is the same thing we did in our administration. There will be an absolute wall between personal and private [business interests] and the government.”

However, the investment firm has worked closely with the Obama-Biden administration in the past, even holding a meeting with Obama and Biden in the Oval Office ahead of their launch.

In reports from Politico:

Krein simultaneously advising the campaign and venturing into Covid investing could pose conflict-of-interest concerns for a Biden administration or simply create the awkward appearance of Krein profiting off his father-in-law’s policies.Since the start of the coronavirus outbreak, the federal government has directed tens of billions of dollars in coronavirus medical spending in areas like testing and vaccine research to private firms. It is poised to spend billions more next year and possibly beyond.

The potential conflicts are not limited to the coronavirus for Krein, 53, a Philadelphia-based head-and-neck surgeon who got into venture investing not long after he began dating Biden’s daughter, Ashley, in 2010.

Since StartUp Health’s 2011 launch, when Krein came on as its chief medical officer, it has invested in more than 300 health care businesses, according to its website, which prominently features the term “moonshot” to describe its investment goals — language that echoes that of Joe Biden’s own signature Cancer Moonshot initiative. In its early years, the firm enjoyed close ties to the Obama administration and described Krein as a White House adviser.

“I have little doubt that the relationship to Joe Biden, particularly if he becomes president, would attract the interest of some investors,” said Avik Roy, founder of Roy Healthcare Research, an investment research firm, and a former adviser to the presidential campaigns of Sens. Mitt Romney (R-Utah) and Marco Rubio (R-Fla.).

If Joe Biden is elected President this connection could pose major implications for millions of Americans still suffering from the effects of the Coronavirus pandemic. Biden could easily focus funds towards Krein’s health startup producing a vaccine and shift billions in funds from other companies competing to put out a vaccine and easily make policies that could favor Krein’s firm.

The health industry is highly regulated and heavily influenced by federal spending. The clear ties to Biden would easily be enough to attract outside investors to flock to StartUpHealth, especially If Krein were to gain an inside track on policymakers’ intentions.

The idea of influence is not the only cause for concern. StartUp Health also is heavily tied to multiple foreign governments, specifically China. According to the firm’s website the Chinese tech conglomerate, Tencent is listed as a “co-investor” and has connections to Chinese insurer Ping An.



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Conservative Senior
Conservative Senior
12 days ago

Go ahead Barr. Turn your back on this too..

Gerald S Ladd
12 days ago

Don’t worry he will. Just like he will on what was just discovered about lying Joe!

Barney
12 days ago

When will the DOJ get off their asses and call a grand jury- the swamp is deep

is Barr part of the swamp ?

LJR Justice
LJR Justice
12 days ago

WELL !, WELL!, WELL!,…I GUESS THIS IS ONE OF THOSE “I CAN’T REMEMBER” TIMES???…LOL!!!

Mel
Mel
12 days ago

Director of National Intelligence John Ratcliffe on Tuesday declassified documents that revealed former CIA Director John Brennan briefed former President Obama on Hillary Clinton’s purported “plan” to tie then-candidate Donald Trump to Russia as “a means of distracting the public from her use of a private email server” ahead of the 2016 presidential election, Fox News has learned.
Ratcliffe declassified Brennan’s handwritten notes – which were taken after he briefed Obama on the intelligence the CIA received – and a CIA memo, which revealed that officials referred the matter to the FBI for potential investigative action.

Edmond X. Ramirez, Sr.

We are all aware that Joe Biden is a political crook. Whether it is his admitted blackmail of Ukraine government by withholding money to protect his son from an investigation, or for his trip to China which netted his son with a billion-dollar business and others in his family benefiting from multiple deals with supporting China and their agenda and of course most importantly Joe Biden’s personal overwhelming support of China – for the money it brings his family. In this crook is getting away with running for President of the United States – I cannot imagine how stupid Democrat voters have to be to continue supporting this perfidy.

The Redhawk
The Redhawk
12 days ago

IF we STILL have aFUNCTIONING DOJ and a LIVE TULE IF LAW this TRAITOR along with HUnter , Obama, Clinton, Comey, Lynch , Holder and the MANY others alreday OUTED as ENEMIES OF THE REPUBLIC should be imprisoned….BUT I am CONFIDEAnd that NOTHING will change as long as PIMPS nad HORES are ELECTED without Accountabiliaty in our System of CONGRESSIONAL CORRUPTION that NOTHING WILL BE DONE !!! aFTER all they dECLRE THEMSELVES ” ROYALTY ABOVE THE LAW”

ProBiz Conservative
ProBiz Conservative
12 days ago

No big deal – it’s just Joe being Joe…
Not to worry. The repubs, especially Barr, won’t touch it, lest they be accused ofusing this for political gain. God forbid…

DrBarbara
DrBarbara
12 days ago

Where’s the DOJ!? Where’s Barr!?

michael witman
12 days ago

Biden should have named his kids Bribe and Burisma

Paul Nielsen
Paul Nielsen
12 days ago
Reply to  michael witman

Michael: You shouldn’t be revealing their Secret Service code names LOL

OldestSeaDog
OldestSeaDog
12 days ago

ya know, we knew that the biden family were grifters but this is getting to be beyond belief.
How come the biden family can break laws and get away with it and we, common citizens, can’t?
Next time any one of you is arrested by a federal agency for whatever, just use the ‘biden defense’…have your attorney state for you that biden and family did the same thing and were never charged, and if not one biden was charged and yet you are being charged for the same crime, make them explain…and THEN…. take it to the Spureme Court, let’s hear what they say about unequal justice system in America…..:))))))))))))))))

Jane Stacy
12 days ago

jail them all

Gerald S Ladd
12 days ago
Reply to  Jane Stacy

Jail? Not going to happen. Joe might even get a prize, just like the coon did for finding the WH bathroom before he shit his pants!

kbhret
kbhret
11 days ago
Reply to  Jane Stacy

Jane,
are you NEW to America???????

r davis
r davis
12 days ago

as always the communists project their own criminal behavior onto the republicans…and continue unchecked in their own collusions and quid pro quos

a vote for any dem is a vote against yourself.

Joe
Joe
12 days ago

How about investigating the biden cartel,obummer cartel, and clinton cartel,j. Kerry, there is plenty of corrupt dirt, on all these criminals, and there minions, out in the open. We need some justice, for these low=down traitors to America.

DawnieR
DawnieR
12 days ago

Every CRIME UNDER THE SUN is being COMMITTED by DemonRats!!!!! And I DO mean EVERY!!!

kbhret
kbhret
11 days ago
Reply to  DawnieR

don’t forget to add: “…. AND GETTING AWAY WITH IT.”

Pat Damone
Pat Damone
12 days ago

Isn’t that the same BS that ubumer said about the DOJ & FBI? All BS!

F F Tramutola Jr.
F F Tramutola Jr.
12 days ago

DEMOCRATS ARE ALL CORRUPT., ARROGANT SCUM. THEY THINK LAWS DON’T APPLY TO THEM. THROW THE BOOK AT THEM. TO HELL WITH THAT, THROW THE ENTIRE LIBRARY AT THEM.

Floyd Hardee
12 days ago

Democrat Definition: Crooks, liars, thieves, Democrats, sexual predator’s, and a whole lot more!

Floyd Hardee
12 days ago

Well guys it looks like we are going to have to build a New Prison, bigger, stronger, and better than all others, just to hold all these Crooked Democrats.

kbhret
kbhret
11 days ago
Reply to  Floyd Hardee

don’t hold your breath on that one….
But I would say that if abortions are outlawed…. we’ll DEFINITELY NEED TO BUILD MORE PRISONS.

SHRW
11 days ago

Standard SOP.

kbhret
kbhret
11 days ago

Crap, with republican bureaucrats in charge of getting to the bottom of this and holding people accountable…..once again, those of us who believe in the system are going to get shafted AGAIN!!!!!!!!!!!!

Rev. Ronald Roland
Rev. Ronald Roland
11 days ago

And the Deep State just gets deeper and dirtier

WILFRED
WILFRED
11 days ago

THIS IS WHAT I CAN T UNDERSTAND WITH THIS AG WHAT THE HE IS STILL WAITING FOR WHEN ALL THE CARDS IS IN HIS HAND

cactusbob
cactusbob
10 days ago

This matter is pretty far down on the priority list. It just dilutes the real stuff.

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