Yea, just when Joe had successfully hidden that wastrel son of his in LA, this goes and happens:
James Biden’s health care ventures face a growing legal morass
A mysterious FBI raid. New allegations from former executives. Questions are swirling about the business dealings of Joe Biden’s brother.
POLITICO
The TL:DR;
James Biden approached this company and sold them on the notion that they'd get a big Middle East contract because of his relationship to Joe Biden.
Company gave James a bunch of money, took out a bunch of high interest loans to cover them getting ready to take on this big contact, and the big contact never comes, company goes bankrupt.
Jeez what a mess. Luckily nothing will come of it.