(TheProudRepublic.com) – A bombshell revelation like no other has emerged about Joe Biden – allegedly the first proven case of him getting cash from his family’s foreign business dealings – as the House GOP has found a check of $40,000 of “laundered” Communist China money reached the president’s bank account.
A memo released by the Republican-led House Oversight Committee on Wednesday asserted that President Biden received $40,000 from Chinese government-affiliated CEFC China Energy, labeled as “laundered” funds.
This payment, made in 2017, was transferred from President Biden’s brother, James Biden, and his wife, Sara.
This transaction is purportedly linked to a business deal where Joe Biden was referred to as the “big guy” and was reportedly earmarked for a 10% share, The New York Post notes in a report.
If substantiated, this would be the first documented case of President Biden directly benefiting from his family’s international financial engagements, the report observes.
The $40,000 was part of a “complicated financial transaction” occurring shortly after Hunter Biden, the president’s son, sent a text message to a CEFC employee, threatening to invoke his father’s influence.
This transaction, as noted by the Republican-led Oversight Committee, resulted in the funds being deposited into Joe Biden’s bank account on September 3, 2017, under the guise of a “loan repayment” from his brother, who was collaborating with Hunter Biden in this venture.
“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 a three-minute video posted on X.
“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,” he added.
According to bank records released by Comer, CEFC paid Hunter and James Biden at least $6.1 million between 2017 and 2018.
This payment included around $1 million shortly after Biden left the vice presidency and the rest following Hunter’s text mentioned above involving his father.
The House Oversight memo details a series of transactions involving significant sums of money, including a $5 million wire to “Hudson West III,” a joint venture between Hunter Biden and CEFC associate Gongwen Dong.
This was followed by several large transactions between various entities controlled by Hunter Biden and his uncle James and aunt Sara Biden, culminating in the $40,000 payment to Joe Biden. The memo implies that these funds originated from CEFC and ultimately ended up with Joe Biden.
“Comer’s lies and conspiracy theories are getting more desperate by the day,” reacted White House spokesman Ian Sams.
“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 proving that the $40,000 was a short-term loan from Joe to James, repaid in less than two months.
Comer, spearheading the House impeachment inquiry into Biden’s role in his family’s international dealings, insisted the president clearly made money from his family’s international business affairs.
“Even if this $40,000 check was a loan repayment from James Biden, it still shows how Joe benefited from his family cashing in on his name — with money from China no less,” the Kentucky Republican said.
🚨 BREAKING 🚨
We’ve followed the money and identified how Joe Biden received $40,000 in laundered 🇨🇳 China money.
Rep James Comer lays out the money trail. 👇
— 1776 (@TheWakeninq) November 1, 2023