WASHINGTON—House Oversight and Accountability Committee Chairman James Comer (R-Ky.) announced today that the committee has obtained bank records revealing a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check. In September, President Comer issued three subpoenas for the personal and business banking records of Hunter and James Biden.
In 2018, James Biden received $600,000 in loans from Americore, a financially troubled and bankrupt rural hospital operator. According to bankruptcy court documentsJames Biden received these loans “based on representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain significant investment from the Middle East based on his political connections.” »
On March 1, 2018, Americore transferred a $200,000 loan to James and Sara Biden’s personal bank account – not their business bank account. The same day, James Biden wrote a check for $200,000 from that same personal bank account to Joe Biden.
President Comer released a video describing this direct payment and the questions President Biden needs to answer for the American people.
Below are President Comer’s remarks:
This summer, Joe Biden declared: “Where is the money?
Well, we found some.
We’re still digging through subpoenaed evidence about bank accounts belonging to Hunter Biden, President Joe Biden’s son, and James and Sara Biden — the president’s brother and sister-in-law.
A document we are releasing today raises new questions about how President Biden personally benefited from his family’s questionable influence peddling around his name and their access to him.
Bank records obtained by the House Oversight and Accountability Committee revealed a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check.
Here is some important context regarding this check that we obtained during our investigation:
In 2018, James Biden received $600,000 in loans from Americore, a financially troubled and bankrupt rural hospital operator.
According to bankruptcy court documents, James Biden received these loans “based on representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain significant investment from the Middle East thanks to his political connections.
On March 1, 2018, Americore transferred a $200,000 loan to James and Sara Biden’s personal bank account – not their business bank account.
And then, that same day, James Biden wrote a check for $200,000 from that same personal bank account to Joe Biden.
James Biden wrote this check to Joe Biden as “loan repayment.” Americore, a struggling company, loaned money to James Biden who then sent it to Joe Biden.
Even though this was the repayment of a personal loan, it is still troubling that Joe Biden’s ability to be repaid by his brother depended on the success of his family’s questionable financial dealings.
Some immediate questions for President Biden to answer for the American people:
Does he have documents proving that he lent such a large sum of money to his brother and what were the terms of this financial arrangement?
Did he have similar financial arrangements with other members of his family that resulted in them making similar large payments to him?
Did he know that on the same day that James Biden wrote him a check for $200,000, James Biden had just received a loan in the exact same amount from business dealings with a financially distressed and bankrupt company?
The House Oversight Committee will soon announce our next investigative actions and continue to follow the money.
Bank statements don’t stop there.There is more to come.
