Republicans unveil ANOTHER ‘personal check’ from James and Sara Biden to Joe Biden – this time for $40,000 – they say is part of an ‘extortion scheme’ with the Chinese
President Joe Biden is at the center of a highly lucrative “racketeering scheme” between members of his family and foreign actors – including China – whom Republicans are denouncing.
Chairman James Comer, R-Ky., revealed the existence of a $40,000 direct payment to Joe from 2017, labeled as a “loan repayment” that he claims is “laundered money” traced to the Chinese.
Comer’s Oversight Committee is leading the investigation into the Biden family’s “influence peddling” operation as part of the larger impeachment inquiry into the president.
According to new banking records obtained through recent subpoenas for James and Hunter Biden’s financial records, a money trail that began in July 2017 trickled from Chinese oil giant CEFC — one of Hunter’s joint ventures — into Joe’s account.
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 investment from CEFC into the joint venture on August 8, 2017, a $400,000 transfer was placed into 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.
On September 3, 2017, Sara wrote a $40,000 check directly to Joe – just six days after she withdrew $50,000 in cash, according to the documents obtained.
This is the fourth “Bank Records Memorandum” the committee has issued so far this year to notify members of their ongoing investigation.
Joe Biden has previously stated that Hunter never made money from China, and the White House has insisted that the president never profited from his family’s business ventures.
Last month, Republicans unveiled a separate $200,000 personal check from James Biden to Joe Biden.
According to bankruptcy court documents obtained by the House Oversight Committee, James Biden took money from his healthcare company Americore and sent it directly to his brother Joe Biden.
The documents show that James Biden received $600,000 in loans from Americore in 2018. James was able to receive the loans based on “representations” that his last name, “Biden,” could “open doors.”
On March 1, 2018, Americore transferred a $200,000 loan to James and Sara Biden’s personal bank account.
That same day, James Biden wrote a check for $200,000 to “Joseph R. Biden” from his personal account for “loan repayment.” At that time, Joe had already left the position of vice president.
Republicans leading the investigation into the Biden family’s “influence peddling scheme” say this personal check directly shows that Joe was aware of – and involved in – his family’s dealings.
On March 1, 2018, Americore transferred a $200,000 loan to James and Sara Biden’s personal bank account
James Biden wrote a $200,000 check to ‘Joseph R. Biden’ for a ‘loan repayment’
According to court documents, James made it appear as if “he could get a major investment from the Middle East based on his political connections.”
In a video broadcast Friday by Chairman James Comer, R-Ky., he says that “Americore — a distressed company — loaned money to James Biden, who then sent it to Joe Biden.”
“Even if this were the repayment of a personal loan, it is still troubling that Joe Biden’s ability to be repaid by his brother was dependent on the success of his family’s shady financial dealings,” Comer said.
White House Oversight and Investigations spokesman Ian Sams called the information released by Republicans a “theater of failure” and a “shiny object to distract people from their inability to understand the basics of governing.’
“It is no coincidence that they came up with a new distraction just a few minutes after yet another failed chairman vote,” Sams continued.
He went on to say that there is “zero evidence of wrongdoing by President Biden.”
In September, then-Chairman Kevin McCarthy launched the impeachment inquiry, led by Oversight.
Republicans say bank records show Biden’s family and associates have raked in more than $20 million from China, Ukraine, Kazakhstan and Romania.
As part of the Republican Party-led investigation, they spoke with the president’s former business partner, Hunter, Devon Archer, who testified that President Biden had actual knowledge of his son’s actions and made at least 20 phone calls and multiple dinners with his son attended. business partners.