A healthcare company associated with James Biden, the younger brother of 2020 hopeful Joe Biden, was raided by the Federal Bureau of Investigation in January. 

And now a former executive has told Politico that the younger Biden exacerbated Americore's financial woes by trading on the ex-vice president's name and taking out a six-figure personal loan from the company's coffers. 

Tom Pritchard, a former Americore executive, told Politico that James Biden introduced the founder of Americore to his older brother Joe and helped the healthcare company get a bridge loan from a hedge fund. 

But at the same time, James Biden, took out the personal loan and suggested that the company take on greater financial liabilities. 

The personal loan, according to Pritchard, was never paid back.  

James Biden had promised Americore executives that he could bring in a large investment from the Middle East thanks to his political connections.  

But the cash never came, Pritchard said.