Published November 1, 2023
Joe Biden received $40,000 in laundered CEFC China Energy Co. money in 2017 from the account of his brother, James Biden, and sister-in-law, Sara Biden, once again in the form of a personal check labeled as a “loan repayment,” House Oversight Committee Chair James Comer (R-KY) uncovered Wednesday in a newly released bank records memorandum.
The revelation is the second instance Joe Biden personally accepted a suspicious personal check from his brother James, who was involved in the Biden family’s overseas business ventures. Joe Biden has denied any involvement in Biden family business ventures at least nine times.
The discovery justifies concerns raised by Republicans that the Biden business compromised Joe Biden. It also lends further credence to the impeachment inquiry into the president.
The $40,000 money trail began on July 30, 2017, when Hunter Biden demanded a $10 million payment from CEFC China Energy Co. associate Raymond Zhao. CEFC had close ties to the Chinese Communist Party. The Bidens launched their working relationship with CEFC when Joe Biden was vice president.
The laundered money trail took six steps, the committee said:
- July 30, 2017: Hunter Biden put pressure on Zhao for a $10 million payment using the influence of Joe Biden, who was “sitting” in the room, according to a screenshot of a WhatsApp message from an IRS whistleblower in June.
- August 8, 2017: Hunter-Biden-linked bank accounts received about $5 million in payments from Zhao within ten days of the text, using proximity to Joe Biden as a cudgel. (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.)
- August 8, 2017: On the same day, $400,000 was wired to Owasco, P.C. from Hudson West III, another entity controlled by the president’s son.
- August 14, 2017: Hunter Biden then wired $150,000 to Lion Hall Group, an entity owned by Joe Biden’s brother, James Biden, and his wife, Sara Biden.
- August 28, 2017: Sara Biden withdrew $50,000 in cash from Lion Hall Group. On the same day, Sara Biden deposited $50,000 into her shared personal checking account with James Biden.
- September 3, 2017: Sara Biden wrote Joe Biden a check for $40,000 for a “loan repayment,” a method Republicans say is used to launder money.
“The extortion scheme worked,” Comer said in a statement. “It all began with a shakedown in the summer of 2017, when Hunter Biden sent a message to his CEFC associate demanding a $10 million capital payment.”
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SOURCE: https://www.breitbart.com/politics/2023/11/01/james-comer-joe-biden-received-40000-in-china-money-again-disguised-as-loan-repayment/
RELATED: James Biden Wrote Brother Joe $40,000 Check Immediately after Receiving Chinese Cash, Bank Records Show
President Joe Biden listens to a reporter’s question in the Rose Garden of the White House in Washington, D.C., September 22, 2023. (Jonathan Ernst/Reuters)
Published November 1, 2023
New bank records obtained by the House Oversight Committee purportedly show a complicated series of money transfers that ultimately resulted in President Biden receiving $40,000 that originated with a Chinese company affiliated with CEFC China Energy.
The committee says the series of payments establish a direct benefit Biden received from his family’s business dealings, despite Biden’s claims that he has not been involved.
“It all began with a shakedown in the summer of 2017, when Hunter Biden sent a message to his CEFC associate demanding a $10 million capital payment,” Comer explains in a new video posted to X. “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 pony up the money. The extortion scheme worked.”
“Remember when Joe Biden told the American people that his son didn’t make money in China?” Comer continued. “Well, not only did he lie about his son Hunter making money in China, but it also turns out that $40,000 in laundered China money landed in Joe Biden’s bank account in the form of a personal check.”
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SOURCE: https://www.nationalreview.com/news/james-biden-wrote-brother-joe-40000-check-immediately-after-receiving-chinese-cash-bank-records-show/
RELATED: Joe Biden got $40K from bro James in ‘laundered’ China funds: Comer
First brother James Biden partnered with Hunter Biden in the venture that resulted in $40,000 transferred to Joe Biden. /NBC Newswire/NBCUniversal via Getty Images
Published November 1, 2023
WASHINGTON — President Biden received $40,000 in “laundered” funds from Chinese government-linked CEFC China Energy, according to a memo released Wednesday by the House Oversight Committee.
The 2017 transfer from first brother James Biden and his wife Sara to the future president allegedly involves the same business deal in which Joe Biden was called the “big guy” and penciled in for a 10% cut — and would be the first proven instance of the commander-in-chief getting a piece of his family’s foreign income.
The $40,000 went through a “complicated financial transaction” just weeks after first son Hunter Biden threatened his father’s wrath in a July 30, 2017, text message to a CEFC employee, the Republican-led Oversight Committee said in the memo.
The money ended up in Joe Biden’s bank account on Sept. 3, 2017, via a check labeled “loan repayment” from his younger brother, who partnered with Hunter in the venture.
“Remember when Joe Biden told the American people that his son didn’t make money in China?” Oversight Committee Chairman James Comer (R-Ky.) said in a video posted to X. “Well, not only did he lie about his son Hunter making money in China, but it also turns out that $40,000 in laundered China money landed in Joe Biden’s bank account in the form of a personal check.”
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SOURCE: https://nypost.com/2023/11/01/news/joe-biden-got-40k-from-bro-james-in-laundered-china-funds-comer/
