Staff Reports
The Republican-led House Oversight Committee got bank records and other papers that show President Joe Biden may have gotten a $40,000 payment from his brother in 2017. The money may have come from a Chinese company. The proof that the money was meant for President Biden is not strong enough to say for sure, but there are a number of clues that make people suspicious. There is a text message from Hunter Biden to some Chinese friends in which he talks about his father a few days before the money was sent to his account.
The White House did not answer to requests for comment, but President Biden has strongly denied that he has benefited from the businesses his family runs. The head of the Oversight Committee, Republican Representative James Comer, said that the $40,000 could be a loan payback from James Biden. Comer, on the other hand, said that it still shows how Joe Biden benefited from his family's connections and their ability to make money off of his name, particularly with money from China.
The senior member on the Oversight Committee for the Democratic Party, Jamie Raskin, responded to these claims by saying that the Republicans have not found any proof that President Biden did anything wrong. He said that the Republican subpoenas were too broad because they asked for private citizens' financial information from the past ten years.
Chinese Funds Moved Through Biden Family Accounts to Joe Biden, Bank Records and Documents Suggest https://t.co/fkzcEMmuMv
— The Epoch Times (@EpochTimes) November 2, 2023
According to what the committee said, there is a pattern to how the money from the Chinese company moved through different Biden family accounts. According to the bank records, these accounts were either empty or had money deposited into them from Chinese companies. This makes it even more likely that the $40,000 payment came from a Chinese company. The money was then moved around in several deals and mixed with other deposits. The first bank transfer of $5 million from a Chinese company connected to CEFC China Energy was put into Hunter Biden's joint venture account, which did not have any money in it before the transfer.
The same day, Hunter Biden moved $400,000 to his professional corporation. The corporation already had just over $100,000 in its account, with $100,000 coming from a different Chinese company. After these deals, Hunter Biden sent $150,000 to James Biden, Joe Biden's brother. Then James and Sara Biden, who is Joe Biden's sister-in-law, bought different things, leaving their account with $115,822 in it. Later, Sara Biden took out $50,000 and put it in their own bank account. She then wrote Joe Biden a check for $40,000.
This deal has something to do with a failed business effort involving Hunter Biden, Tony Bobulinski, and others. At first, Hunter Biden was given a 10 percent stake in the business that was meant for "the big guy." Hunter Biden did, however, finally set up his own business to receive the wire from the Chinese company.
Republican Representative Comer said that it's possible that the $40,000 was a loan repayment, but it still makes people wonder how Joe Biden gained from his family's business dealings and connections with China. The committee's results have led to more accusations against President Biden, who is already being looked at for impeachment.
The White House spokesman for oversight and investigations said that the committee's news was just a distraction and that there is no proof that President Biden did anything wrong. However, new polls show that most Americans think President Biden has done something wrong or illegal with his family's business dealings in other countries. The public is very interested in these issues, and a lot of Democrats are also doubting what the President is doing.
