Joe Biden received $40,000 in ‘laundered’ Chinese funds from James brothers: Comer

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by steven nelson

WASHINGTON – President Biden received $40,000 in “laundered” funds from CEFC China Energy, which has ties to the Chinese government, according to a memo released Wednesday by the House Oversight Committee.

The alleged transfer from eldest son James Biden to the future president in 2017 involved the same deal in which Joe Biden was called a “great man” and included a 10% pay cut. This will be the first time that his appointment as a commander has been proven. -The chief earns a portion of his family’s overseas income.

The Republican-led oversight committee said in a memo that the $40,000 was made just weeks after eldest son Hunter Biden threatened a CEFC employee in a text message on July 30, 2017, infuriating his father. It was said that the transaction was carried out through “financial transactions”.

The money was deposited into Joe Biden’s bank account on September 3, 2017, through a check marked “loan repayment” from Hunter and his brother, who partnered on the business.

“Remember when Joe Biden told the American people that his son wasn’t making money in China?” Oversight Committee Chairman James Comer (R-Ky.) said. He said: video Posted on X.

“Yes, not only did he lie about his son Hunter making money in China, but it also turns out that $40,000 in laundered Chinese funds was deposited into Joe Biden’s bank account in the form of a personal check. .”

CEFC China Energy paid Hunter Biden and James Biden about $6.1 million in 2017 and 2018, shortly after their powerful relatives left the vice presidency, including about $1 million in 2017. The payments were made starting in March 2019, with the remainder paid within 10 days of receiving the threatening message claiming to be Mr Hunter’s father.

A summary of the committee’s memo states that on August 8, 2017, a $5 million wire was sent to “Hudson West III, a joint venture formed by Hunter Biden and CEFC associate Gongwen Dong.” has been done.

“On the same day, Hudson West III transferred $400,000 to PC Owasco, a corporation owned and controlled by Hunter Biden. On August 14, 2017, Hunter Biden transferred President Biden’s brother James and his in-law “He wired $150,000 to Lion Hall Group, a company owned by his sister Sarah Biden.”

“On August 28, 2017, Sarah Biden withdrew $50,000 in cash from Lion Hall Group. Later the same day, she deposited it into her and James Biden’s personal checking accounts. 2017 On September 3, Sarah Biden cut Joe Biden a check for $40,000 in “loan repayment.”

The memo claims that it is clear from the balances in their respective accounts that the funds flowed directly from CEFC to Joe Biden.

House Democrats and the White House maintain that the transfer was a pure loan repayment, and Joe Biden is likely to repeat his claim that he did not benefit financially from his son and brother’s business dealings.

Earlier this month, the Oversight Committee revealed that James Biden paid Joe Biden $200,000 on March 1, 2018. On the same day, James promised to use his political connections to attract Middle Eastern investors and accepted a $200,000 transfer from Amecore, a struggling rural hospital company.

Rep. Jamie Raskin (D-Md.), the top Democrat on the oversight committee, claimed that James Biden was repaying a $200,000 loan that Joe Biden took out in January of the same year. Without offering any evidence, Comer said Republicans could not find it. Evidence that his brother was in debt.

Joe Biden met with his son and brother’s CEFC officials in May 2017, and in an email during that meeting, he is said to have been called a “great man” who could receive a 10% cut. Joe Biden was also listed as a participant in an October 2017 conference call regarding the company’s attempt to buy U.S. natural gas.

Kamel’s allegations could advance House Republicans’ impeachment inquiry, which is focused on corruption allegations involving the Biden family in countries such as China and Ukraine.

In a January 2019 message retrieved from a previous laptop, Hunter Biden wrote that he had to donate “half” of his income to Joe Biden, the Oversight Committee reported in May. has identified nine members of Biden’s family who allegedly received foreign funds.

During the 2020 presidential campaign, Biden said he had “never talked” about business with his family, but during his time as vice president he spoke to their associates in Kazakhstan, Mexico, Russia, Ukraine and another in China. Evidence of his interactions with government officials has been revealed. It is a venture company called BHR Partners.

Biden is scheduled to meet with Chinese President Xi Jinping in San Francisco later this month. His Republican critics say his family’s financial ties to state-backed groups undermine his ability to deal with China.