By Casey Harper (Het Middenplein)
The chairman of the U.S. House Oversight Committee, Rep. James Comer, R-Ky., released more evidence Wednesday refuting allegations that President Joe Biden personally profited from his brother and son’s foreign business dealings, saying that he received $40,000 in “laundered China money.”
Comer says the president’s son Hunter Biden, who is facing his own legal charges, is alleged to have laundered money from foreign business deals under his father’s name. That money came from a Chinese energy company, CEFC.
“It all started with a shakedown in the summer of 2017, when Hunter Biden sent a message to his CEFC employee demanding a $10 million capital payment,” Comer said. “While Hunter Biden was extorting this associate, Hunter claimed he was sitting with his father and that the Biden Network would turn on his associate if he did not donate the money. The extortion scheme worked. Days later, $5,000,000 flowed in from a Chinese branch of CEFC.”
Two IRS whistleblowers testified before Congress earlier this year that the Biden family and associates raked in more than $20 million from overseas deals using about two dozen shell companies.
Related: Timeline: What didn’t the FBI do about the Biden family’s alleged corruption and when did they not do it?
Comer said money was transferred through those accounts, making it difficult to trace. He has set out a timeline in his latest evidence.
“First, Northern International Capital, a Chinese company associated with CEFC, transferred $5,000,000 to Hudson West III, a joint venture founded by Hunter Biden and an employee of CEFC,” Comer said.
Comer said Hudson West III sent $400,000 to “an entity owned and controlled by Hunter Biden.”
“Hunter Biden then transferred $150,000 to Lion Hall Group, a company owned by Joe Biden’s brother James and sister-in-law Sara Biden,” he added. “Sara Biden then withdrew $50,000 in cash from Lion Hall Group. Later that same day, she deposited it into her and James Biden’s personal checking account. A few days later, Sara Biden wrote a check to Joe Biden for $40,000. The memo line of the check read: “Loan repayment.”
This evidence comes after Comer released evidence last month showing that the president received a direct payment of $200,000. Comer released a copy of a check for that amount, apparently from James Biden, Joe Biden’s brother, to the president with the memo “loan repayment.”
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Comer said the payment came after James Biden received $600,000 in loans from Americore, a troubled company that later went bankrupt. Comer points to the company’s bankruptcy filings, saying, “James Biden received these loans ‘based on claims that his last name, Biden, could open doors and that he could get a major investment from the Middle East based on his political connections.’”
Related: House GOP now investigating nine Biden family members
As The Center Square previously reported, IRS whistleblowers, previous banking records and FBI documents have been brought forward by the House Oversight Committee in recent months, providing evidence to support allegations that the Biden family and associates received more than $20 million from entities in several countries, including China, Russia and Ukraine.
Biden has repeatedly denied profiting from foreign transactions. This latest evidence led to more attacks on the president. Rep. Elise Stefanik, R-N.Y., called it a “bombshell” report and Rep. Russell Fry, R-S.C., condemned Biden, saying he had received “laundered China money.”
“Joe said Hunter Biden never received money from China, but it turns out both Joe AND Hunter Biden received money,” he wrote on X, formerly known as Twitter.
Syndicated with permission from The Center Square.