Investigators in the U.S. House of Representatives say they've uncovered a $40,000 check to then-former Vice President Joe Biden that shows he benefited financially from his family's lucrative overseas business dealings.
House Oversight Committee Chairman James Comer (R-Ky.) explained what they found in greater detail on Twitter earlier this morning.
“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. “And the Oversight Committee has it.”
“I am sitting here with my father, and we would like to understand why the commitment made has not been fulfilled,” Hunter Biden told Henry Zhao, the director of Chinese asset management firm Harvest Fund Management. “And, Z, if I get a call or text from anyone involved in this other than you, Zhang or the chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction.”
Comer, in his video, said that Hunter's “extortion scheme worked,” noting that just days later, $5 million “flowed in from a Chinese affiliate of CEFC.”
Comer, citing bank records he and his committee have obtained, said that on Aug. 8, 2017, the $5 million in funds were sent to Hudson West III, a joint-venture established by Hunter Biden and CEFC associate Gongwen Dong. The same day, Hudson West III sent $400,000 to Owasco, P.C. – a separate entity controlled and owned by Hunter Biden, Comer said.
Days later, on Aug. 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by James Biden and his wife Sara Biden. By Aug. 28, 2017, Comer said Sara Biden withdrew $50,000 in cash from Lion Hall Group and later deposited 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,” Comer said, referring to the Sept. 3, 2017 check his committee obtained. “The memo line of the check said, ‘loan repayment.'”
The Washington Times continues:
The check, paid from the personal checking account of the president's brother and sister-in-law, James and Sara Biden, is labeled “loan repayment” and is dated Sept. 3, 2017, nearly nine months after Mr. Biden's second term as vice president had ended.
…
It's the second large check to Mr. Biden from his brother uncovered by the panel.
Last month, House investigators obtained bank records showing President Biden received a direct payment of $200,000 after James Biden secured a business deal with a rural hospital operator.
Comer said that even if the check – which was 10% of the $400,000 sent to Hunter's Owasco – was, in fact, a loan repayment, “it still shows how Joe benefited from his family cashing in on his name – with money from China no less.”
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