A Biden campaign ad that was featured in Michigan has been exposed as a fraud.
A bar owner was featured in a Biden campaign ad saying that his business failed because of President Trump’s COVID-19 response. Turns out that the bar owners is a very wealthy tech investor who got to where he is in life after receiving a large family inheritance.
“We don’t know how much longer we can survive not having any revenue. A lot of restaurants and bars that have been mainstays for many years will not make it through this,” the Michigan bar owner said. “My only hope for my family, this business and my community is that Joe Biden win this election.”
In truth, Joe Malcoun, co-owner of The Blind Pig, chances of falling into financial ruin are slim.
During a 2018 interview with a Michigan NBC affiliate, Malcoun said that he received a lottery-like inheritance from his wife’s grandfather ten years ago and used the funds to become an angel investor in tech companies.
“Usually you become a CEO and you make money, and then the money allows you to become an angel investor,” Malcoun said. “I happened to have different circumstances where I had money (first).”
Malcoun has helped Michigan businesses and has become the “go-to guy” for people looking for an investor in the Ann Arbor area.
In the ad the angel investor blames his financial problems on Trump but, during an interview with Michigan Live, he decided it wasn’t “worth it” to host live shows at the bar even though they had approval from the state to hold events.
“Now that we tried it and saw it’s really hard to communicate what it means to have a really socially distanced and live music show, we decided it’s not really worth trying,” Malcoun explained. “The very last thing we want is to be the epicenter of a new outbreak.”
After the ad aired, Malcoun admitted that his bar is “technically ALLOWED to be open at reduced capacity right now…we are closed because it’s UNSAFE and irresponsible to be open.”
So he’s refusing to open.
The Washington Free Beacon also exposed that Malcoun is the co-founder of Cahoots, a coworking destination for tech startups in Ann Arbor, the CEO of the software company Nutshell, the president of CKM Capital Partners and a board member of the ACLU of Michigan, according to his LinkedIn profile.
Due to the backlash from the ad the Biden campaign took it down and made it private so it can not be viewed.