The House Oversight Committee has released a memo claiming that President Joe Biden received $40,000 in funds described as “laundered” from the Chinese government-linked CEFC China Energy. This revelation is tied to a 2017 business deal involving Joe Biden’s brother, James Biden, marking the first proven instance of the President benefiting from his family’s foreign income.
The Alleged Transfer: According to the memo, the $40,000 was transferred from James Biden to Joe Biden through a complex financial transaction in September 2017, just weeks after a concerning text message from Joe Biden’s son, Hunter Biden, to a CEFC employee. The Oversight Committee, led by Chairman James Comer, emphasizes that even if the transaction is labeled as a “loan repayment,” it raises questions about Joe Biden benefiting from his family’s financial dealings, particularly with China.CEFC Payments and Financial Flows: Bank records released earlier this year by Comer revealed that CEFC paid approximately $6.1 million to Hunter and James Biden in 2017 and 2018. The funds included a $5 million wire sent to Hunter Biden’s joint venture with CEFC associate Gongwen Dong. The memo details a series of transactions involving Hudson West III, Owasco, P.C., and Lion Hall Group, ultimately leading to the alleged $40,000 payment to Joe Biden.Response and Denial: The White House has dismissed the allegations as lies and conspiracy theories. White House spokesman Ian Sams referred to Comer’s claims as desperate, linking to an article that purportedly debunked the allegations. According to Sams, the $40,000 was a short-term loan from Joe to James, repaid within two months.Previous Financial Connections: This recent revelation follows a series of disclosures about financial connections between Biden family members and foreign entities. Earlier this month, it was revealed that James Biden paid $200,000 to Joe Biden on the same day he received a transfer from a troubled rural hospital company. The Oversight Committee had previously identified nine Biden family members who allegedly received foreign funds.Implications and Further Inquiry: Republicans argue that even if the transactions are framed as loan repayments, they demonstrate how the Biden family capitalized on Joe Biden’s name and position. The allegations could potentially reignite House Republicans’ impeachment inquiry into alleged corruption involving the Biden family in various countries, including China and Ukraine.
Discover more from
Subscribe to get the latest posts sent to your email.
NOBODY CARES!
You dont but some body does
Sept 2017, Joe Biden was no longer in office NOR was he expected to run again.
40K from brother to brother in a personal check is “evidence”?
I have lend family members far more than that….
Is this ALL the evidence the GOP have against Joe Biden? Seriously? No wonder they can not govern or even get a plan besides NO or allow the wealthy to cheat paying taxes.
What a bunch of moroons !!!
Close the borders
Wow! A $40,000 loan repayment is Comer’s evidence? Comical.
How about investigating the $2 BILLION Jared Kushner received from Saudi Arabian officials just after his employment in the White House? Trump’s daughter was greatly enriched by his Presidency.
Of course, it’s nothing, they’re democrats, you people have your heads so far up Donald’s Trump behind, that no matter what, you will ignore it, it’s not just 40,000, it’s millions, and there are emails, Tex messages, phone conversations, pictures, videos, from Hunter’s laptop, l seen it, anyone can see it, there was not Russian misinformation!!!!!!!!!, they’re crooks.
hahahahahahahahahahahahahahahaha Hilarious hahahahahahahaha The NeverHaters Cuntitus Virus is alive and well in you.
The truth: There are many praying for you versus your ilk who are actually preying on you.