WASHINGTON – President Biden received $40,000 in “laundered” funds from the Chinese government-linked CEFC China Energy, according to a memo released Wednesday by the House Oversight Committee.
The alleged transfer in 2017 from James Biden’s first cousin to the future president involved the same business deal in which Joe Biden was called a “big man” and marked with a 10% cut — and would be the first example of a proven commander. -the head gets a piece of his family’s foreign income.
The $40,000 came through “complicated financial transactions” just weeks after first son Hunter Biden threatened to anger his father in a July 30, 2017 text message to CEFC employees, the Republican-led Oversight Committee said in the memo.
The money was deposited into Joe Biden’s bank account on September 3, 2017, via a check labeled “loan repayment” from his younger brother, who is partnering with Hunter in the effort.
“Remember when Joe Biden told the American people that his son didn’t make money in China?” Oversight Committee Chairman James Comer (R-Ky.) said in the video posted to X. “Well, not only did he lie about his son Hunter making money in China, but it also turned out that $40,000 of Chinese money was laundered into Joe Biden’s bank account in the form of a personal check.”
James Biden’s first cousin worked with Hunter Biden in the effort that resulted in $40,000 being transferred to Joe Biden.NBC Newswire/NBCUniversal via Getty Images The $40,000 was deposited into Joe Biden’s bank account on September 3, 2017. Teresa Kroeger
Comer, the head of the House impeachment inquiry into Biden’s role in his relatives’ foreign affairs, said, “Even if this $40,000 check was repayment of a loan from James Biden, it still shows how Joe benefited from his family living up to his name — with money from China no less .”
Bank records released this year by Comer show that CEFC — a notorious since-defunct cog in Beijing’s “Belt and Road” foreign influence campaign — paid Hunter and James Biden at least $6.1 million in 2017 and 2018 — about $1 million in March 2017 immediately after. Biden left the vice presidency and the rest within 10 days after Hunter’s threat called his father.
The $5 million wire was sent on Aug. 8, 2017, to “Hudson West III, a joint venture formed by Hunter Biden and CEFC affiliate Gongwen Dong,” the committee’s synopsis of the memo said.
James Comer (R-Ky.) is chairman of the House Oversight Committee.Getty Images
“On the same day, Hudson West III sent $400,000 to Owasco, PC, an entity owned and controlled by Hunter Biden. On August 14, 2017, Hunter Biden sent $150,000 to Lion Hall Group, a company owned by President Biden’s brother, James, and sister-in-law, Sara Biden,” it continued.
“On August 28, 2017, Sara Biden withdrew $50,000 in cash from the Lion Hall Group. Later that same day, he deposited it into his and James Biden’s personal checking account. On September 3, 2017, Sara Biden cut a check to Joe Biden for $40,000 for ‘loan repayment.’”
The memo argues that the respective account balances make it clear that funds flowed from CEFC directly to Joe Biden.
China paid James and Hunter Biden about $6.1 million in 2017-18.AP
White House spokesman Ian Sams directed The Post to him tweet response that, “Comer’s lies and conspiracy theories are getting more desperate by the day.”
“This has been widely debunked for more than a week now,” Sams added, linking to an article in The Messenger that said the publication had reviewed bank records that proved the $40,000 was a short-term loan from Joe to James that was repaid in less than two months. .
Earlier this month, the Oversight Committee revealed that James Biden paid Joe Biden $200,000 on March 1, 2018 — the same day James received a $200,000 transfer from troubled rural hospital company Americore by promising to use his political connections to land Middle Eastern investors.
The memo argues that the balance of each account makes clear that funds flow from CEFC directly to Joe Biden.AP
The top Democrat on the Oversight Committee, Rep. Jamie Raskin (D-Md.), claimed that James Biden paid back a $200,000 loan that Joe Biden had made in January, but provided no evidence, and Comer said Republicans could find no evidence that the brother had made the loan.
The messenger said that “an account maintained by Joe Biden’s lawyer” sent $200,000 to James Biden in January 2018 before he reimbursed the amount directly to his brother.
Comer argued that even if James Biden paid back the loan, he was doing so by usurping his brother’s authority and congressional Republicans pointed out Wednesday to Biden’s 2020 campaign claims that “I have never taken a penny from any foreign source in my life.”
Joe Biden allegedly met with his brother’s son and CEFC associate in May 2017 and was referred to in an email that month as “the big guy” because of the potential 10% cut.
The alleged 2017 transfer from James Biden to the future president involved the same business deal in which Joe Biden was called a “big man” and marked with a 10% cut. CEFC China Energy is associated with the Chinese government.Imaginechina via AP
Joe Biden was also listed as a participant in an October 2017 call about the firm’s attempt to buy US natural gas.
Comer’s allegations could prompt a House Republican impeachment inquiry, which has focused on allegations of corruption involving the Biden family in countries including China and Ukraine.
Hunter Biden wrote in a January 2019 message taken from his former laptop that he needed to give “half” of his income to Joe Biden, and the Oversight Committee in May identified nine members of the Biden family who allegedly received foreign funds.
The transfer would be the first proven example of a commander-in-chief getting a share of his family’s foreign earnings. AP
During his 2020 campaign, Biden said “I have never discussed, with my son or my brother or with anyone else, anything related to their business,” but evidence has emerged that he interacted during the vice presidency with their associate from Kazakhstan , Mexico , Russia and Ukraine, as well as from another Chinese government-linked venture called BHR Partners.
Biden is expected to meet with Chinese President Xi Jinping in San Francisco later this month.
His Republican critics say he is compromised in his ability to deal with China by his family’s financial ties to government-backed entities.
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Source: thtrangdai.edu.vn/en/
