In what should be an obvious conflict of interests, Joe Biden’s son-in-law Howard Krein is advising Biden’s campaign on the Coronavirus pandemic, while investing in companies which stand to gain from it.
Try to imagine the reaction from Democrats and the media, if Trump’s son in law was poised to benefit financially from the pandemic.
It would be front page news.
Politico has the story:
Biden’s son-in-law advises campaign on pandemic while investing in Covid-19 startups
At the same time that Joe Biden’s son-in-law, Howard Krein, has been advising Biden’s campaign on its coronavirus response, Krein’s venture capital business has been running a special initiative to invest in health care startups that offer solutions to the pandemic.
In March, as Covid-19 began spreading in the United States, the investment firm, StartUp Health, unveiled a new coronavirus initiative soliciting pitches from entrepreneurs with products that addressed the outbreak.
The next month, reports in Bloomberg and the New York Times listed Krein among those participating in daily calls to brief Biden on health policy during the pandemic, while StartUp Health announced its intention to invest $1 million across 10 startups with coronavirus applications within 30 days.
“StartUp Health is putting the full support of its platform and network behind building a post-Covid world that uses technology and entrepreneurial ingenuity to improve health outcomes,” the firm said at the time.
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.
This is outrageous.
Biden, Inc. strikes again!
Biden’s son-in-law advises Biden’s campaign on coronavirus response, while also running a capital venture investment scheme based on pandemic solutions.
Once again, Biden family members cash in on access & grift!https://t.co/KcSE2hcL1D
— Tim Murtaugh – Download the Trump 2020 app today! (@TimMurtaugh) October 13, 2020
It’s a family trait
— Paul Bedard (@SecretsBedard) October 13, 2020
Looky here, more lucrative Biden family gigs. “In a 2012 SEC filing, it said it had raised $500,000. In a 2015 filing, StartUp Health Holdings said it had raised $5 million of a $30 million offering. And in 2018, it announced it had raised a $31 million.” https://t.co/AOtQv3gEi2
— Julie Kelly 🇺🇸 (@julie_kelly2) October 13, 2020
What is it with the Bidens? They openly cash in on connections and the media looks the other way.