The chairman of the House Oversight Committee, Republican James Comer, published a video on X (Twitter) denouncing that Joe Biden received laundered money from China through his brother.
The Republican explained that the now president of the United States received $40,000 in “laundered China money” from the bank account of his brother and sister-in-law in the form of a personal check, as a way to repay a loan.
🚨 BREAKING 🚨
We’ve followed the money and identified how Joe Biden received $40,000 in laundered 🇨🇳 China money.
@RepJamesComer lays out the money trail. 👇 pic.twitter.com/lH69OUOHid— Oversight Committee (@GOPoversight) November 1, 2023
“Remember when Joe Biden told the American people that his son didn’t make money in China? Well, not only did he lie about his son Hunter making money in China, but it also turns out that $40,000 in laundered China money landed in Joe Biden’s bank account in the form of a personal check,” Comer said during the video. “And the Oversight Committee has it.”
The Republican representative commented that Biden profited from his “family’s shady deal” with the energy company CEFC, linked to the Chinese Communist Party.
The step-by-step
According to Comer, the plan began in 2017, when Hunter Biden demanded a CEFC partner make a $10 million equity payment.
“As Hunter Biden extorted this associate, Hunter claimed he was sitting with his father and that the Biden network would turn on his associate if he didn’t pony up the money. The extortion scheme worked,” Comer said.
Just one day later, a CEFC subsidiary deposited $5 million and in the following weeks, the Biden family carried out a series of financial transactions to “hide the source of the China money.”
According to Comer, Northern International Capital, a Chinese company associated with CEFC, transferred $5,000,000 to Hudson West III, another joint venture created by Hunter Biden and a CEFC partner.
The representative later explained that Hudson West III sent $400,000 to an entity owned and controlled by Hunter Biden. Joe Biden’s son then “wired $150,000 to Lion Hall Group, a company owned by Joe Biden’s brother James and sister-in-law Sara Biden.”
Sara Biden withdrew $50,000 in cash from Lion Hall Group and, that same day, put it into her and James Biden’s personal checking account.
“A few days later, Sara Biden cut a check to Joe Biden for $40,000. The memo line of the check said, ‘loan repayment’,” explained Comer, who later noted: “Without his family peddling his name and his son threatening a CEFC associate with consequences that he said Joe Biden knew about, James wouldn’t have had the money to write the $40,000 check to his brother Joe.”
