House Oversight Committee details how Joe Biden got money from Chinese company

 November 3, 2023

During a 2014 interview with Fox News host Bill O'Reilly, then-President Barack Obama boasted that there was "not even a smidgen of corruption" in his administration.

However, Republicans say that newly uncovered documents suggest that Obama's vice president was laundering money right under his nose. 

Money trail runs from Joe Biden's bank account to Chinese company

That's according to a report released on Wednesday by the House Oversight Committee which explained how President Joe Biden received Chinese cash via a $40,000 check from an account belonging to his brother James Biden and his sister-in-law Sara Biden.

House Oversight Committee Chairman James Comer laid out those findings in a video posted to the social media platform previously known as Twitter.

"Remember when Joe Biden told the American people that his son didn’t make money in China?" the Kentucky Republican began.

"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. And the Oversight Committee has it," Comer said.

Hunter Biden carried out "a shakedown"

"Here’s how Joe Biden benefited from his family's shady deal with CEFC, a Chinese Communist Party linked company," the lawmaker continued.

Comer alleged that Hunter Biden conducted "a shakedown" of CEFC in 2017 by "demanding a $10 million capital payment."

"As Hunter Biden extorted this associate, Hunter claimed he was sitting with his father and that the Biden network would turn on his associate if he didn’t pony up the money. The extortion scheme worked," Comer stated.

The committee chairman then explained how $5 million was subsequently divided up among Biden family members via "a series of complicated financial transactions" involving Hudson West III, "a joint venture established by Hunter Biden and a CEFC associate."

Comer: "Joe Biden exposed himself to future blackmail"

Hudson West III wired $400,000 to "an entity owned and controlled by Hunter Biden" which in turn sent $150,000 to Lion Hall Group, another company owned by Hunter Biden's aunt and uncle.

Sara Biden next withdrew $50,000 which she deposited on the same day to her personal bank account. Days later, she wrote a $40,000 check to Joe Biden and wrote "loan repayment" in the memo line.

"In taking funds sourced to a CCP-linked company that wanted to advance China’s interests, Joe Biden exposed himself to future blackmail and put America’s interests behind his own desire for money," Comer said as he drew to a close.

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