Despite his inexperience with international development and lack of background in solar energy, Joe Biden’s brother, Frank, was able to benefit a whopping $54,000,000 in taxpayer loans during the Obama administration.

In his explosive new book, Peter Schweizer recounts the massive overlap between Frank Biden in dealings at the height of Obama’s foreign policy in Central America. Entitled, Profiles in Corruption: Abuse of Power by America’s Progressive Elite, Schweizer’s book describes how Frank took advantage of his connections to develop properties that ultimately cost taxpayers a whopping $54 million.

During the height of Bush’s presidency, tensions between the U.S and Costa Rica started to flare up. Then, in 2009, the new Obama administration began to repair the conflicts between the two countries, with hopes to build a “global corporation.”

This foreign initiative was led by Joe Biden, who used his position as the leading Senate Foreign Relations to repair ties to Costa Rica. Joe’s brother, Frank, also followed suit as he scouted real estate opportunities on the island.

Despite his lack of training in international development and pending legal battles, Frank hoped in the opportunity. “Just months after Vice President [Joe] Biden’s visit, in August, Costa Rica News announced a new multilateral partnership “to reform Real Estate in Latin America” between Frank Biden, a developer named Craig Williamson, and the Guanacaste Country Club, a newly planned resort,” Schweizer wrote.

Frank’s Real Estate Ventures According to Schweizer, Frank masked the construction of the new resort as a way to promote the island’s “breathtaking beauty.” However, the only ones who can really reap the benefits from this project are the investors. In fact, the construction had paved the way for luxury resorts for foreigners instead of preserving the natural wilderness that has been existing on the island.

“In real terms, Frank’s dream was to build in the jungles of Costa Rica thousands of homes, a world-class golf course, casinos, and an anti-aging center,” Schweizer added. Using his connections, Schweizer also notes that Frank took advantage of his connections to generate support from the Costa Rican government.

Going Solar

With multilateral partnerships, beautiful real estate, and strong government support, Frank’s venture had encountered a tiny problem. Costa Rica needs to update and expand its electrical scale in order for the venture to take place.

The thing is that 51% of Costa Rica remains a forested area, this hinders Frank to access the electricity. To resolve the issue, Frank partnered with the Costa Rican National Power and Light Company (CNFL) to build a solar power complex.

The agreement was secured through Frank’s own company, Sun Fund Americas. The project also uses technology from a company called GoSolar. This set of a whopping $6.5 million in taxpayer loans was approved by the Obama administration.

After the partnership was approved, Frank also set his sights to other parts of the Carribean, like Jamaica. This led to the Obama announcement which aims to support energy sustainability using American taxpayer’s money. The initiative was called the Caribbean Energy Security Initiative (CESI) led by none other than Joe Biden. Some of their projects include a 20-megawatt solar power plant in Jamaica, which was earmarked at $47 million, and in which Frank’s company, the Sun life of America, confirmed a power purchase agreement. All in all, Frank was able to benefit as much as $57 million from American taxpayer loans.