Joe Biden's brother and hedge fund manager accused of fraud

A federal lawsuit accuses the brother of former Vice President Joe Biden, hedge fund manager Michael Lewitt and others of attempting to defraud a Tennessee business

It says Biden and Lewitt then promised that $10 million was going to be invested. But the investors never materialized. It says Lewitt then threatened to sue the plaintiffs for not making payments on the borrowed cash. The defendants' attorney, George Mesires, said he had no comment.


An earlier version of this story incorrectly characterized the promise Biden and Lewitt allegedly made as a loan instead of an investment.


Information from: Knoxville News Sentinel,