Bank records show Biden got monthly payments from Hunter’s company

Newly revealed banking records show that President Joe Biden has received at least three monthly payments from a company owned by Hunter Biden that raked in millions from China, Republicans say. In 2018, after Joe Biden left the vice presidency and before he launched his presidential campaign, he received three payments of $1,380 each on September 17, October 15 and November 15, according to the Oversight Committee, which provided evidence of one payment had released. such payment. The payments came from Hunter-owned Owasco.

The Justice Department is currently investigating whether Hunter Biden used Owasco for tax evasion. An email from Hunter Biden's abandoned laptop detailing his expenses shows he owed his father $1,380 in 2018 in repayment of his truck loan. It is not clear whether this was a monthly expense or a one-time payment.

The new payments come as Republicans in the House of Representatives mull a possible vote on authorizing the impeachment inquiry to ensure the White House and other entities comply with their document requests and subpoenas. Recently, Republicans leading the impeachment inquiry published an email from a bank investigator who was alarmed by “unusual” and “erratic” activity in Hunter Biden's financial dealings with a Chinese company.

A joint venture between Hunter Biden and Chinese oil company CEFC resulted in the transfer of $5 million to Hunter's entities Hudson and Owasco. The money appeared to have performed “no service whatsoever” and serves “no current business purpose,” the email continues. In addition, the researcher raised the issue of China's targeting of “politicians' children,” “buying” political influence through “sweetheart deals.” Based on these concerns, the bank investigator ultimately recommended requiring a “re-evaluation” of the bank's relationship with “high-risk” customer Hunter.

The House Oversight Committee, led by Rep. James Comer, R-Ky., claims to have uncovered $24 million in payments from foreigners to members of the Biden family. “Payments to Joe Biden from Hunter's Owasco PC corporate account are part of a pattern showing that Joe Biden knew about, participated in, and profited from his family's influence fraud,” Comer said in a statement. Republicans on the Oversight Committee also raised concerns about a $40,000 check from Joe's brother James and his wife Sara to Joe.

The check read 'repayment of loan' and came after banking records obtained by DailyMail.com revealed that Joe James had borrowed the exact amount weeks earlier. But Republicans question whether that money was actually used to repay loans. In WhatsApp messages from August 2017, previously published by DailyMail.com, Hunter demanded $10 million from CEFC and claimed his father was sitting “right here” next to him during the exchange.

After an initial $5 million infusion from CEFC into the joint venture on August 8, 2017, and a transfer of $400,000 to Hunter Biden entity Owasco, PC on the same day. Then, on August 14, 2017, $150,000 was transferred directly from Owasco to the bank account of James and Sara Biden – Joe's sister-in-law.

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