Joe Biden refuses to turn over loan documents to the House Oversight Committee showing that he made any “loans” to his brother James Biden.
The House Oversight Committee has no IRS records or loan documents to confirm that the $200,000 check Jim Biden wrote to his brother Joe Biden in 2018 was a “loan repayment.”
House Oversight Chairman James Comer demanded IRS records and applicable loan documents showing that Joe Biden had lent his brother James money.
The Bidens often structure their income as “loans” to avoid taxes. We saw this in a $5 million wire transfer described as an “interest-free loan” (a way for Hunter to avoid taxes) from a Chinese company. The Bidens then shuffle the dirty money around as “loan repayments.” This is classic tax evasion, money laundering and influence peddling.
James Comer recently discovered a $200,000 direct payment to Joe Biden.
In 2018, Jim Biden received $600,000 in “loans” from Americore Health LLC, a failing/bankrupt operator of rural hospitals. According to bankruptcy documents, Jim Biden received the loans “based on claims that his Biden last name could open doors and that he could get a major investment from the Middle East based on his political connections.”
On March 1, 2018, Americore Health LLC transferred a $200,000 payment to Jim and Sara Biden’s personal bank account. That same day, Jim Biden then wrote a $200,000 check to Joe Biden, aka “The Big Guy.”
Jim Biden wrote the check to Joe Biden as a so-called “loan repayment.” Does Joe Biden have any documents showing that he lent his brother such a large sum of money? “What were the conditions?” Comer asked.
Last Thursday, House Oversight Chairman James Comer demanded that Joe Biden provide loan documents (loan payment, loan agreement) and IRS filings related to the $200,000 “loan repayment” that James Biden said he made in 2018 to Joe ‘The Big Guy’ Biden.
On Friday evening, the Republican-led Oversight Committee said Joe Biden is refusing to provide applicable loan documentation showing he lent money to his brother James Biden.
According to the GOP Oversight Committee:
The White House made it clear to us today that President Biden is refusing to turn over loan documents for any “loans” he made to his brother, James Biden.
We have uncovered nearly a quarter of a million dollars that James Biden sent to Joe Biden as “loan repayments” that were financed by laundered Chinese money and influence schemes.
Is this what “the most transparent government in history” should look like?
We will not let the president’s opposition hold us back. We will continue to track the money, expose President Biden’s corruption, and demand accountability.
Friday night news dump
The White House made it clear to us today that President Biden is refusing to turn over loan documents for any “loans” he made to his brother, James Biden.
We’ve made public almost a quarter of a million dollars that James Biden sent to Joe Biden as…
— Oversight Committee (@GOPoversight) November 3, 2023
James Comer said no interest appears to have been paid on the “loan,” based on the White House’s own statements. “The current lack of documentation gives reason to doubt claims that this transaction was the repayment of a legal loan,” Comer wrote in a letter to White House counsel Edward Siskel.
“Whether it was a loan or not, James Biden’s March 1, 2018 check to Joe Biden shows a way he personally benefited from the dark influence of his family proclaiming his name and their access to him. Even if the transaction in question was part of a loan agreement, we are concerned that Joe Biden’s ability to recoup money depended on his brother’s monetization of the Biden brand,” Comer said.