BREAKING: House Oversight Committee reveals how Biden received “laundered” money from China and others
House Committee on Oversight and Accountability continues the investigation into President Biden’s family dealings as more details about his alleged involvement with the US adversaries emerge. According to the Committee Chairman James Comer (R-Ky.), so far at least $240,000 of payments that landed in Joe Biden’s personal bank accounts have been uncovered based on the evidence obtained from the subpoenas issued earlier. At least “two dozen” more subpoenas are expected “in the very near future,” Comer stated today.
According to the Committee investigation, checks totaling at least $240,000 paid to Mr. Biden from his brother James Biden are evidence of bribes.
Chairman Comer announced the Committee obtained bank records revealing a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check. In September, Comer issued three subpoenas for Hunter and James Biden’s personal and business bank records.
In 2018, James Biden received $600,000 in loans from Americore, a financially distressed and failing rural hospital operator. According to bankruptcy court documents, James Biden received these loans “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account – not their business bank account. On the same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden, with the memo “loan repayment.”
Additionally, Chairman Comer released a bank records memorandum revealing how Joe Biden received $40,000 in laundered China money from the account of his brother, James Biden, and his sister-in-law, Sara Biden, in the form of a personal check.
The money trail began in July 2017 when Hunter Biden demanded payment from his Chinese Communist Party (CCP) linked associate. On July 30, 2017, Hunter Biden sent a message to a CEFC associate Raymond Zhao demanding a $10 million dollar capital payment and claimed his father, Joe Biden, was sitting in the room. CEFC is a Chinese energy company linked to the CCP. The Bidens began working with CEFC when Joe Biden was Vice President.
On August 8, 2017, Northern International Capital, a Chinese company affiliated with CEFC, sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong. That same day, Hudson West III sent $400,000 to Owasco, P.C., an entity owned and controlled by Hunter Biden. On August 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by President Biden’s brother James and sister-in-law Sara Biden. On August 28, 2017, Sara Biden withdrew $50,000 in cash from Lion Hall Group. Later the same day, she deposited it into her and James Biden’s personal checking account. On September 3, 2017, Sara Biden cut a check to Joe Biden for $40,000 for a “loan repayment” — the same memo used on the $200,000 check.
“Without his family peddling his name and his son threatening a CEFC associate with consequences that he said Joe Biden knew about, James wouldn’t have had the money to write the $40,000 check to his brother Joe.
It’s also worth remembering that Biden family efforts to secure millions from this Chinese company began when Joe Biden was still Vice President.
In taking funds sourced to a CCP-linked company that wanted to advance China’s interests, Joe Biden exposed himself to future blackmail and put America’s interests behind his own desire for money,” Chairman Comer added in a statement.
Previously, Joe Biden publicly denied any involvement in his son’s business dealings, contradictory to the evidence obtained by the House Oversight Committee. Additionally to the payments, the investigation revealed a text sent by Hunter Biden to his CEFC associate in the summer of 2017, demanding a $10 million capital payment. As Hunter Biden extorted this associate, Hunter claimed he was sitting with his father and that the Biden network would turn on his associate if he didn’t deliver the money. Days later, $5,000,000 flowed in from a Chinese affiliate of CEFC. Over the following three weeks, Biden family members made a series of complicated financial transactions to hide the source of the China money. See more details in our video.
On July 24, 2023, White House press secretary Karine Jean-Pierre stated that “the president has never been in business with his son.”
The special counsel appointed to oversee the federal government’s Hunter Biden probe, David Weiss, will sit before the House Judiciary Committee on Tuesday for a deposition on the case.
This is a developing story, please check back for updates.
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