Oversight Committee Chairman James Comer made some damning allegations towards President Joe Biden.
Comer claims the committee has bank records that prove “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.”
COMER: “Remember when Joe Biden told the American people that his son didn’t make any money in China?”[clip starts]BIDEN: “My son has not made money in terms of this thing about, what are you talking about — China?”[clip ends]COMER: “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. And the Oversight Committee has it. Here’s how Joe Biden benefited from his family’s shady deal with CEFC, a Chinese Communist Party-linked company. 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. 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. Days later, $5 million 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.”
Comer explains:
First, Northern International Capital, a Chinese company associated with CEFC, wired $5,000,000 to Hudson West III, a joint venture established by Hunter Biden and a CEFC associate.Then, Hudson West III sent $400,000 to an entity owned and controlled by Hunter Biden.Next, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by Joe Biden’s brother James and sister-in-law Sara Biden.Sara Biden then 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.A few days later, Sara Biden cut a check to Joe Biden for $40,000. The memo line of the check said, “loan repayment.”We previously exposed a $200,000 payment James made to his brother Joe that came from funds provided by a now bankrupt health care company called Americore.Like the payment to Joe from Americore funds, it’s certainly plausible that this payment where James and Sara used funds from China was indeed a loan repayment to Joe.But even if this $40,000 check was a loan repayment from James Biden, it still shows how Joe benefited from his family cashing in on his name – with money from China no less.
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