Treasury records reveal the Biden family earned millions from a Chinese firm after 2016

 March 15, 2023

Following receipt of suspicious activity reports from the Treasury, House Oversight Committee Chair James Comer (R-KY) announced that the Biden family business received a $3 million wire transfer from a Chinese energy company and subsequent payments after President Joe Biden left the vice presidency in 2017. 

According to Breitbart News, around 150 SARs from Hunter and James Biden were marked for additional scrutiny by US institutions, including "significant" sums of money. SARs “often contain evidence of potential criminal activities, such as money laundering and fraud.”

According to bank documents we’ve already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency,” Comer said in a statement. “Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.”

The Bidens had already arranged a contract with CEFC in which Joe Biden (Big Man) would get a 10% ownership position in a joint venture with Hunter's old business partner Tony Bobulinski.

Payments to Hunter

Hunter received a $1 million legal retainer from the company's chairman, Ye Jianming, in 2017. In February 2017, Hunter also received a big diamond worth an estimated $80,000 from Ye.

The SARs will also most certainly disclose payments made to Hunter and James Biden for their work with a Ukrainian energy business. Hunter joined the Burisma board of directors in April 2014, barely two years before Joe Biden alleged that he caused the termination of prosecutor Viktor Shokin, who was investigating the company.

Despite Hunter's lack of expertise in Ukraine or the energy industry, the energy corporation paid him $83,000 per month, or $1 million per year, just weeks after his father was named "point person" on US foreign policy toward Ukraine.

“We are going to continue to use bank documents and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business schemes, if Joe Biden is compromised by these deals, and if there is a national security threat,” Comer explained.

Previously refused

The Treasury's willingness to reveal the SARs is a significant step forward in the investigation of the Biden family company. Comer is looking into nine breaches at the Biden family firm, including wire fraud and money laundering.

The Treasury had previously refused to disclose the banking documents to the committee and even backed out from attending a committee hearing on Friday. “After two months of dragging their feet, the Treasury Department is finally providing us with access to the suspicious activity reports for the Biden family and their associates’ business transactions,” Comer said.

“It should never have taken us threatening to hold a hearing and conduct a transcribed interview with an official under the penalty of perjury for Treasury to finally accommodate part of our request,” Comer added.

“For over 20 years, Congress had access to these reports but the Biden Administration changed the rules out of the blue to restrict our ability to conduct oversight.”

Investigation by Breitbart’s Peter Schweizer

Breitbart Senior Contributor and Government Accountability Institute President Peter Schweizer released Hidden Empires and Profiles in Corruption in 2018 and 2020, respectively. Each book debuted at the top of the New York Times bestseller list, revealing how Hunter and Joe Biden traveled aboard Air Force Two to China in 2013 before Hunter's business sealed a $1.5 billion contract with an unit of the Chinese government's Bank of China less than two weeks later.

Schweizer's investigation also revealed the Biden family's other large and lucrative international dealings and cronyism. Breitbart Political Editor Emma-Jo Morris's New York Post investigation into Hunter Biden's "laptop from hell" also made international headlines when she and Miranda Devine revealed that Joe Biden was intimately involved in Hunter's businesses, appearing to have a ten percent stake in a company the scion formed with Chinese Communist Party officials at the highest levels.

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