Biden-founded law firm, as well as a company tied to Pelosi, received PPP funds, docs show

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A prominent Delaware law firm founded by Joe Biden received a Payroll Protection Program (PPP) loan for between $150,000 and $350,000, records reviewed by Fox News show.

on what they call President Trump's cronyism in the distribution of stimulus money."The only thing this story tells us is how desperate the Trump campaign is to find an attack on Vice President Biden that sticks, and how eager Fox News is to help them in their efforts," the aide said.

The company, EDI Associates in San Rafael, California, has 52 employees and says it's in the "full-service restaurant business," government documents show. The company received between $350,000 and $1 million in Paycheck Protection Program money. “He’s an investor," Pelosi spokesperson Drew Hammill told Fox News. "He wasn’t involved in the application for the loan nor was he aware of it.”

The Washington Post and Bloomberg reported that EDI Associates is identified in Pelosi's disclosure forms "as a limited partnership with an investment in the El Dorado Hotel. ... The value of the asset on the form -- identified as belonging to Pelosi’s spouse -- is listed as between $250,001 and $500,000."The paper noted that "four other House members surfaced in previous reports about businesses" that took PPP money, including Republican Reps.

 

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