Biden Ad Exposed As Fraudulent

The struggling Michigan bar owner at the center of a Joe Biden campaign ad is actually a wealthy tech investor whose startup was seeded by a large family inheritance.

The ad, which the Biden campaign released Thursday, identifies Michigan entrepreneur Joe Malcoun as co-owner of the Blind Pig, a bar and live music venue in Ann Arbor, Mich.

Malcoun blames the bar’s misfortunes on “Trump’s COVID response,” warning that unless voters elect Biden, “a lot of restaurants and bars that have been mainstays for years” will not survive.

But Malcoun faces little risk of losing his financial livelihood to the pandemic.

According to a 2018 interview with local NBC affiliate Click on Detroit, Malcoun became a well-known “angel investor” in local tech startups after receiving a large inheritance from his wife’s late grandfather roughly a decade ago. He described the inheritance as “almost like winning the lottery.”

“Usually you become a CEO and you make money, and then the money allows you to become an angel investor first,” he said. “I happened to have different circumstances where I had money [first].”

Biden’s ad attempts to hit Trump on the economy, one of his signature issues, but it comes just weeks after the Democrat pledged to do “whatever it takes” to thwart the spread of coronavirus, including instituting a national lockdown.

Trump, meanwhile, has railed against lockdowns that have already left millions of Americans unemployed.

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