House Oversight Committee Chairman James Comer said President Biden in 2017 received $40,000 in “laundered Chinese money” from his brother and sister-in-law’s bank account in the form of a personal check, while affirming that the president had “himself revealed to future blackmail” from Beijing.
Comer, R-Ky., detailed his findings Wednesday morning in a video posted on X. The findings come after Comer subpoenaed personal and business banking records belonging to James Biden and Hunter Biden as part of his investigation into the Biden family’s business dealings and if the president was involved.
“Remember when Joe Biden told the American people that his son wasn’t making money in China? Well, not only did he lie about his son Hunter making money in China, he s “It also turns out that $40,000 in laundered Chinese money landed in Joe Biden’s bank account in the form of a personal check,” Comer said. “And the Oversight Committee has it.”
Comer said Biden “benefited from his family’s shady deal” with CEFC, which is linked to the Chinese Communist Party.
President Biden and his son Hunter Biden. (AP Photo/Andrew Harnik)
Comer said the “money trail” began in July 2017 when Hunter Biden demanded a $10 million payment from a CEFC associate. In a WhatsApp message, he claimed “he was sitting with his father and the Biden network would turn on his associate if he didn’t cough up the money,” Comer said.
Hunter Biden In the WhatsApp message, he allegedly told a Chinese associate of Chinese energy company CEFC that he and his father would ensure that “you will regret not following my instructions.”
Hunter requested the transfer of $10 million for his joint venture with CEFC called SinoHawk Holdings.
“I’m sitting here with my father and we would like to understand why the commitment made was not kept,” Hunter Biden told Henry Zhao, director of the Chinese asset management company Harvest Fund Management. “And, Z, if I receive a call or text message from anyone involved in this other than you, Zhang or the president, I will make sure that between the man sitting next to me and anyone I He knows and my ability to always hold a grudge that you will regret not following my instructions.
Zhao responded in part: “CEFC is willing to cooperate with the family.”
Comer, in his video, said Hunter’s “extortion plan worked,” noting that a few days later, $5 million “flowed in from a Chinese affiliate of CEFC.”
James Biden is President Biden’s brother. (PA)
HUNTER ASKED FOR $10M FROM CHINESE ENERGY COMPANY BECAUSE “BIDENS ARE THE BEST” HAVE “CONNECTIONS”
Comer, citing bank records he and his committee obtained, said that on Aug. 8, 2017, the $5 million in funds were sent to Hudson West III, a joint venture created by Hunter Biden and CEFC associate Gongwen Dong . The same day, Hudson West III sent $400,000 to Owasco, PC, a separate entity controlled and owned by Hunter Biden, Comer said.
A few days later, on August 14, 2017, Hunter Biden transferred $150,000 to the Lion Hall Group, a company owned by James Biden and his wife Sara Biden. On August 28, 2017, Comer said Sara Biden withdrew $50,000 in cash from the Lion Hall Group and then deposited it into her and James Biden’s personal checking account.
“A few days later, Sara Biden delivered a $40,000 check to Joe Biden,” Comer said, referring to the September 3, 2017 check obtained by her committee. “The memo line on the check said ‘loan repayment’.”
Comer said that even if the check — which was for 10 percent of the $400,000 sent to Hunter’s Owasco — was actually a loan payment, “it still shows how Joe benefited from his family cashing in on his name — with money from China no less.”
“Without his family peddling his name and without his son threatening a CEFC associate with consequences that he said Joe Biden knew about, James would not have had the money to write the $40,000 check to his brother Joe “Comer said, adding that the Biden family’s business with CEFC began while Joe Biden was vice president.
Hunter Biden leaves the J. Caleb Boggs Federal Building in Wilmington, Delaware on July 26, 2023. (Celal Gunes/Anadolu Agency via Getty Images)
Email from Biden’s brother names Harris, Schumer as prospects for Chinese company
“By accepting funds from a CCP-linked company that wanted to advance China’s interests, Joe Biden exposed himself to future blackmail and put America’s interests behind his own desire for money,” Comer said, promising to “continue to follow the money” and to “hold President Biden accountable for his corruption.”
While President Biden has maintained that he was never in business with his son, text messages obtained by Fox News Digital in 2020 revealed that in May 2017 he met with Hunter’s business associates to Sinohawk company, in particular Tony Bobulinski. The May 2, 2017 meeting reportedly took place just 11 days before a May 13, 2017 email obtained by Fox News in 2020, which included discussion of “compensation packages” for six people as part of the trade deal with the CEFC.
The email includes a note stating that “Hunter has certain expectations for the office he will develop.” An equity sharing proposal refers to “20” for “H” and “10 held by H for the large? » without further details.
The “big guy” was said to refer to President Biden.
Meanwhile, the committee also released its fourth bank statement memo on Wednesday, revealing additional payments that the committee “traced” from “Chinese companies to Joe Biden.”
During his committee’s investigation so far, Comer said he has discovered that members of the Biden family, their business associates and their “related companies” received “significant payments from individuals and d “companies in China, Russia, Ukraine, Kazakhstan and Romania”.
Comer said the House Oversight Committee learned throughout its investigation that the Biden family and their associates made more than $24 million between 2014 and 2019 by “selling Joe Biden as ‘the brand.’ in the whole world “.
Meanwhile, last week, Comer said his panel uncovered evidence that Biden, in 2018, received a “$200,000 direct payment” in the form of a “personal check” from Biden. James Biden and Sara Biden. This check also bore the words “loan repayment”.
House Oversight Committee Chairman James Comer, left; Hunter Biden, Valerie Biden and President Biden, right. (Fox News)
Comer said that James Biden “received $600,000 in loans from Americore – a financially distressed and bankrupt rural hospital operator.”
“According to bankruptcy court documents, James Biden received these loans based on representations that his Biden surname could open doors and that he could obtain significant investment from the Middle East based on his connections policies,” Comer said.
“On March 1, 2018, Americore transferred a $200,000 loan to James and Sara Biden’s personal bank account – not their business bank account,” he continued. “And then, that same day, James Biden wrote a check for $200,000 from that same personal bank account to Joe Biden.”
Comer said that 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,” Comer said.
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The White House said the committee found that as a private citizen, the president lent his brother his own money when his brother needed it, and after reviewing bank records, there was evidence that it was refunded.
Fox News Digital has reached out to the White House for comment on Comer’s latest allegations.
White House spokesman Ian Sams responded to the story on “X,” formerly known as Twitter.
“Comer’s lies and conspiracy theories are getting more desperate by the day,” Sams posted. “Maybe that’s why he admitted yesterday that his investigation was deteriorating.”
