Former Vice President and 2020 Democratic presidential candidate Joe Biden’s son-in-law, Dr. Howard Krein, took advantage of President Donald Trump’s Paycheck Protection Program (PPP) loan in April. Ironically, Biden himself hammered the President for the program just two weeks later.
Check out what the Daily Caller reported:
Howard Krein, who is married to Biden’s daughter, Ashley Biden, and also serves as an informal advisor to the Biden campaign, is the chief medical officer of StartUp Health, which as of September 2018 had built up an investment portfolio valued at over $31 million. The firm received a PPP loan valued between $150,000 and $350,000 on April 12 to retain the jobs of 18 people, according to The Wall Street Journal.
“It is unacceptable to have a small-business program that is leaving minority business owners out in the cold, or that firms with fewer than 20 employees received only about 20% of the money — even though they make up about one third of payroll,” Biden said.
The Daily Caller continues:
Biden is no stranger to StartUp Health, according to its founders.
Steven Krein recalled to the Philadelphia Alliance for Capital and Technologies (PACT) in 2015 how StartUp Health had announced its launch at an event at the White House in 2011 after Biden personally helped set up a meeting between the firm’s co-founders, Steven Krein and Unity Stoakes, and former President Barack Obama.
“I happened to be talking to my father-in-law that day and I mentioned Steve and Unity were down there,” Krein said, according to the PACT piece. “He knew about StartUp Health and was a big fan of it. He asked for Steve’s number and said, ‘I have to get them up here to talk with Barack.’ The Secret Service came and got Steve and Unity and brought them to the Oval Office.”
Krein’s brother talked with Obama about reforming the efficiency of the medical industry through the use of electronic health records and medical technology.
“The president loved it and it became a talking point for him,” Steven Krein said, according to PACT.
Major investors for StartUp Health include Mark Cuban, the billionaire owner of the Dallas Mavericks NBA team, and America Online co-founder Steve Case, according to PACT.
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