(Ken Silva, Headline USA) The House Oversight Committee released more damning Biden family financial records on Wednesday, accusing Joe Biden of receiving $40,000 in “laundered China money.”
According to Oversight Committee Chairman James Comer, R-Ky., the payment to the President stems from the infamous message Hunter Biden sent a Chinese associate when his father was sitting in the same room.
“I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled,” Hunter said in that July 2017 message to Henry Zhao, an executive of the Chinese firm CEFC. “Tell the director that I would like to resolve this now before it gets out of hand, and now means tonight.”
Days later, Hunter received $5 million from CEFC. On Wednesday, Comer detailed the series of financial transactions that led to Joe receiving his $40,000 payment.
According to Comer, the CEFC first sent the $5 million to Northern Internaitonal Capital, which then forwarded the payment to Hudson West III—a joint venture between a Hunter Biden and a CEFC associate.
Then, Hudson West sent $400,000 to Hunter’s law firm, Owasco PC. From there, $150,000 was sent to the Lion Hall Group, which was owned by James Biden and his wife, Sara Biden.
Sara then withdrew $50,000 from Lion Hall and deposited it in her personal account.
Finally, a few days later, Sara cut a check in September 2017 to Joe for $40,000—calling it a “loan repayment.”
“Even if this $40,000 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,” Comer said of this latest revealation.
“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 to his brother, Joe,” Comer said.
“It’s also worth remembering that the Biden family efforts to secure money from CEFC began when Joe was still vice president,” he added.
The information about Joe Biden receiving “laundered” China money comes on the heels of the Oversight Committee revealing last week that a Democratic donor assuming a $250,000 “loan” from a Chinese business associate just months after Joe Biden launched his 2020 presidential campaign.
“After Joe Biden became president, the records show, Hunter Biden transferred the debt to Kevin Morris, a Hollywood lawyer whom he befriended after they met at a November 2019 Joe Biden campaign fundraiser in Los Angeles,” Just the News reported last week.
“The debt was ‘assumed’ by Morris on Nov. 17, 2021 when the lawyer acquired Hunter Biden’s stake in the BHR partnership and a separate company called Skaneateles, LLC … Biden ‘is no longer the primary obligor’ as a result of the transaction with Morris.”
Ken Silva is a staff writer at Headline USA. Follow him at twitter.com/jd_cashless.
