In a shocking revelation, Republican Congressman James Comer has unveiled new findings in his investigation into the business dealings of the Biden family. Comer, who serves as the House Oversight Committee Chairman, claims to have evidence that President Joe Biden received $40,000 in “laundered China money” in 2017. According to Comer, the funds were transferred from the bank account of Biden’s brother and sister-in-law in the form of a personal check. These allegations raise concerns about potential future blackmail by the Chinese government.
Comer’s investigation stems from his subpoena of personal and business bank records belonging to Hunter Biden and James Biden, as part of the probe into the Biden family’s business dealings and the potential involvement of the president. The congressman asserts that not only did Joe Biden lie about his son’s financial ties to China, but evidence now suggests that he personally benefited from his family’s questionable deals with Chinese Communist Party-linked CEFC.
The money trail, as outlined by Comer, begins with Hunter Biden demanding a $10 million payment from a CEFC associate in July 2017. He allegedly claimed that his father, Joe Biden, was aware of the situation and threatened consequences if the money was not provided. Shortly after, $5 million flowed in from a Chinese affiliate of CEFC. Bank records obtained by Comer’s committee reveal that on the same day, Hunter Biden sent $400,000 to a separate entity controlled by him, and a few days later, he wired $150,000 to a company owned by James Biden and his wife.
Comer highlights a significant transaction where Sara Biden withdrew $50,000 in cash from her and James Biden’s company and later deposited it into their personal checking account. This was followed by a check from Sara Biden to Joe Biden for $40,000, labeled as a “loan repayment.” The congressman emphasizes that even if it was a legitimate loan repayment, it still raises concerns about Joe Biden benefiting from his family’s exploitation of his name, especially considering the involvement of Chinese money.
Comer argues that these findings reveal how Joe Biden exposed himself to potential future blackmail and prioritized personal financial gain over America’s interests. He pledges to continue following the money and hold the president accountable for alleged corruption. The investigation has also uncovered additional payments from Chinese companies to Joe Biden, as well as significant earnings by the Biden family through leveraging Joe Biden’s name globally.
While President Biden has denied being involved in his son’s business ventures, text messages from 2017 indicate that he met with Hunter’s business associates. The House Oversight Committee’s investigation has shed light on the complex web of financial transactions involving the Biden family and their connections in China, Russia, Ukraine, Kazakhstan, and Romania.
These latest allegations come after the committee previously revealed evidence of a $200,000 direct payment to Joe Biden in 2018, labeled as a “loan repayment.” Additionally, James Biden, the president’s brother, received $600,000 in loans from a financially distressed rural hospital operator based on his political connections.
The White House has responded to these allegations by stating that Joe Biden loaned his brother money as a private citizen and was subsequently repaid. The committee’s findings have raised concerns about potential conflicts of interest and the influence of foreign money on the Biden family’s business dealings.
As the investigation continues, the implications of these allegations could have far-reaching consequences for the Biden administration. The Republican-led inquiry seeks to hold President Biden accountable for his family’s financial activities and ensure transparency in the highest office of the United States government.
Brooke Singman, a Digital politics reporter, contributed to this article.
