Biden-aide bro’s boo$t
Lobby cash flows in
The lobbyist brother of a top adviser to Presidentelect Joe Biden has been raking in the clients ever since Biden’s win, sparking conflict-of-interest concerns in Biden’s inner circle.
Jeff Ricchetti, brother of longtime Biden aide Steve Ricchetti, picked up a lobbying contract with Amazon Web Services less than a week after Biden was declared the winner of the presidential election, CNBC reported Saturday.
Two days later, Jeff Ricchetti registered as a lobbyist for Evofem Biosciences, which is pushing for contraceptive coverage in federal health-care plans.
That same week, Steve Ricchetti, who served as Biden’s campaign chairman and as his vice-presidential chief-of-staff, was tapped as “counselor to the president.”
The Ricchetti brothers co-founded their lobbying firm in 2001. It handled pharmaceutical clients such as Eli Lilly and Sanofi during Biden’s second vice-presidential term, when Steve left the company to become Biden’s right-hand man.
But his background has raised progressive Democrats’ eyebrows.
Steve Ricchetti “is a former pharma lobbyist and has represented groups vociferously opposed to Medicare For All and the public manufacturing of prescription drugs,” said Alexandra Rojas, of the progressive group Justice Democrats.
“If Joe Biden continues making corporate-friendly appointments to his White House, he will risk . . . fracturing the hard-earned goodwill his team built with progressives to defeat Donald Trump,” she added.
A source assured CNBC that Jeff Ricchetti’s client list should cause no concern.