Biden’s ‘good friend,’ donor
receives $20M federal loan to open foreign luxury car dealership in
Ukraine
Daily Caller – Christopher Bedford –
8/17/2012
In late July, John
Hynansky — a longtime friend of Vice President Joe
Biden, and a major donor to Biden’s campaigns as well as President Barack
Obama’s — was awarded a $20 million taxpayer loan to build a foreign-car
dealership in Ukraine.
According to a public summary document, the loan, from the federal
government’s Overseas Private Investment Corporation, is for “[u]p to $20.0
million,” and is designed to “expand Winner Import Ukraine’s automobile
business, [and] construct and operate ‘Winner Autocity,’ which will have two
new, state-of-the-art dealership facilities for Porsche and Land Rover/Jaguar
automobiles.”
Along with his family,
Hynansky and his family also own car dealerships in Pennsylvania and Biden’s home state of Delaware
Since at least
1999, Hynansky and his family have been regular donors to Biden’s campaigns,
and, later, Obama’s.
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