On Wednesday, the House Oversight and Accountability Committee released a $40,000 check from James and Sara Biden to Joe Biden dated September 2017, approximately eight months after he left office as Vice President.
This check is alleged to have been laundered through a China company.
The committee declared that the check to Biden was connected to Chinese energy firm CEFC, which Hunter Biden and his brother had collaborated with.
Additionally, it was noted by the committee’s chairman that CEFC is linked to the Chinese Communist Party. According to a copy of a $200,000 check released by the House committee last month, this payment has been marked as “loan repayment”.
“It’s also worth remembering that Biden family efforts to secure millions from this Chinese company began when Joe Biden was still vice president,” House Oversight and Accountability Chairman James Comer, R-Ky., said in a video message. “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.”
Joe Biden exposed himself to blackmail & put America’s interests behind his own. https://t.co/TuQ5q5fKYt
— Rep. James Comer (@RepJamesComer) November 1, 2023
Recently revealed bank records appear to indicate that money was going directly to Joe Biden, which is in contrast with the President’s public statements asserting that he personally did not benefit from his family’s business deals.
As part of an ongoing formal impeachment inquiry, committees from the House of Representatives have discovered that at least 20 shell companies operated by Biden family members accumulated tens of millions of dollars during Joe Biden’s vice presidency from 2009 to 2016.
White House spokesperson Ian Sams voiced criticism towards Representative Comer regarding this matter.
“Comer’s lies and conspiracy theories are getting more desperate by the day,” Sams, senior adviser to the White House Counsel’s Office, posted on X, formerly Twitter.
Comer’s lies and conspiracy theories are getting more desperate by the day.
Perhaps that’s why yesterday he admitted his probe was going “downhill.”
— Ian Sams (@IanSams46) November 1, 2023
The research conducted by Congressman Comer’s committee revealed bank records that shed light on the web of financial transactions between Hunter Biden and Chinese associates. On July 30, 2017, Hunter Biden sent a What’s App message to CEFC’s Raymond Zhao demanding payment of $10 million.
In the same message, he stated his father was seated nearby at the time.
As Vice President during Obama’s administration, the Biden family had already begun working with CEFC prior to this exchange.
Subsequently, on August 8th Northern International Capital—a Chinese company affiliated with CEFC—transferred $5 million to Hudson West III, a joint venture established by Hunter Biden and Gongwen Dong. Sams also reposted comments from others who defended this transaction as a short-term loan from Joe Biden to James Biden.
On August 7, 2020, Hudson West III transferred $400,000 to Owasco, P.C., a company owned and managed by Hunter Biden.
On August 14th of the same year, Hunter Biden wired $150,000 to Lion Hall Group, a business owned by James and Sara Biden. Seven days later on August 28th, Sara withdrew $50,000 in cash from the Lion Hall Group account and then immediately deposited it into her personal checking account.
Finally, on September 3rd of that year she wrote a check in the amount of $40,000 to Joe Biden with the notation “loan repayment.”
In 2018 there was an additional loan repayment from James Biden to his brother Joe in the amount of $200,000. This payment was made on the same day that Americore Holdings paid James Biden an equal sum.