Staff Reports
Once more, Joe Biden finds himself in the hot seat following the revelation that he received $40,000 in China money under the pretense of a loan repayment. James Comer, chairman of the House Oversight Committee, discovered this information in recently disclosed bank records. Joe Biden has faced allegations of accepting suspicious personal checks from his brother James, who was engaged in the Biden family's overseas business ventures, on multiple occasions. Notwithstanding his denials of participation in these endeavors, this revelation engenders apprehension and bolsters the impeachment investigation targeting President Biden.
James Comer: Joe Biden Received $40,000 in China Money Again Disguised as Loan Repayment https://t.co/ImvzscmA6I
— Melanie (@MellieMAGA) November 1, 2023
Hunter Biden initiates the money trail by requesting a payment of $10 million from Raymond Zhao, an associate of CEFC China Energy Co. who maintained strong affiliations with the Chinese Communist Party. A number of processes were followed prior to the funds reaching Joe Biden: Approximately $5 million was deposited into bank accounts associated with Joe Biden and Hunter Biden, of which $400,000 was wired to an entity under Hunter Biden's control, $150,000 was subsequently wired to an entity owned by James and Sara Biden, and lastly, Sara Biden endorsed a check for $40,000 payable to Joe Biden as a loan repayment. These intricate procedures merely contribute to the confusion and increase the likelihood of money laundering suspicions.
Chair of the House Oversight Committee James Comer referred to the entire scheme as a "extortion scheme" and charged Joe Biden with prioritizing his personal financial gain over the interests of the United States. Comer, an individual with astute financial acumen and prior experience on bank boards, asserts that Joe Biden's utilization of funds obtained from a CCP-affiliated organization renders him vulnerable to subsequent acts of extortion. Following Comer's revelation that Joe Biden received a $200,000 check from James Biden in 2018, which was also designated as a loan, this information has surfaced. It is extremely troubling that Joe Biden consistently profits from his family's financial success, even with funds originating from China.
As far as alleged malfeasance is concerned, the House Oversight Committee will continue to scrutinize the finances and hold President Biden accountable. As the evidence against Joe Biden accumulates, it becomes increasingly evident that his conduct has jeopardized the interests of the United States. It is of the utmost importance that we ascertain the truth and guarantee that our leaders are motivated by the nation's best interests and not by personal gain.
