Staff Reports
In a shocking revelation, bank records and other documents have unveiled a questionable $40,000 payment that President Joe Biden received from his brother in 2017. According to a memo compiled by the Republican-led House Oversight Committee, these funds may have originated from a Chinese firm and passed through various Biden-family entities. Though it cannot be definitively proven that the money was intended for President Biden, several layers of circumstantial evidence suggest otherwise.
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
One such piece of evidence is a text message sent by Hunter Biden to his Chinese associates, in which he mentioned his father’s name just days before the money was wired to his account. This revelation has prompted Representative James Comer (R-Ky.), the Republican chair of the Oversight Committee, to accuse President Biden of benefitting from foreign funds. However, the White House has remained silent on the matter, and President Biden has vehemently denied any involvement in his family’s business ventures.
While it is plausible that the $40,000 check from James Biden was simply a loan repayment, as stated in the memo, it still underscores the concern that Joe Biden has reaped the benefits of his family capitalizing on his name, even involving money from China. Representative Jamie Raskin (D-Md.), the ranking member on the Oversight Committee, has defended President Biden, stating that the Republicans have not uncovered any evidence of wrongdoing.
To lend further credibility to the allegations, the committee obtained copies of FBI interview summaries with Hunter Biden’s associates. These documents detail how the president’s son formed a joint entity with a Chinese associate for the supposed purpose of receiving money in exchange for the influence associated with the Biden family name.
The bank records reveal a trail of transactions that support the claim that the $40,000 was sourced from the Chinese firm. The Biden family accounts involved in moving the money were either nearly empty or funded with other deposits from Chinese entities. The initial wire of $5 million was deposited into Hunter Biden’s joint venture account, which was empty at the time. Days later, $400,000 was transferred to his professional corporation account, followed by a $150,000 wire to Joe Biden’s brother’s account. The funds eventually ended up in James and Sara Biden’s personal account, from which a $40,000 check was later written to Joe Biden.
It is worth noting that all these transactions depleted the involved accounts, suggesting that the $40,000 check indeed originated from the initial $5 million payment. Although James Biden claiming the $40,000 check was a loan repayment seems plausible, it raises questions about Joe Biden’s benefit from his family’s financial activities. Representative Comer argues that by accepting funds linked to a Chinese-owned company that sought to further China’s interests, Joe Biden jeopardized national security and prioritized money over America’s well-being.
While the Democrats may insist that these allegations are without merit, recent polling data indicates that a majority of Americans, including a significant percentage of Democrats, believe President Biden acted either illegally or unethically in regard to his family’s foreign business affairs. As the investigation unfolds, it remains to be seen how these revelations will impact the Biden administration and its ability to regain public trust.
