“Where’s the money?” Joe Biden challenged in June when questioned about allegations he cashed in his family’s foreign business dealings, in that case in particular, from Ukraine.
Well … on Wednesday morning, House Oversight Committee Chairman James Comer answered, “In your own bank account, Big Guy.” (Well, he said that in so many words.) Comer revealed investigators have traced direct payment from the Communist Chinese funneled through Hunter and brother James. Said Comer, “Turns out that $40,000 in laundered China money landed in Joe Biden’s personal account in the form of a personal check.”
Comer explains all in the video below.
— Oversight Committee (@GOPoversight) November 1, 2023
You can hear Stevie Wonder now: “Here I am, China. Signed, Sealed, Delivered. I’m yours.”
The Money Trail
The Federalist’s Margot Cleveland spills out the damning details, but here’s the basics:
On September 3, 2017, The Big Guy got a $40,000 personal check from his brother James, a “loan repayment” he called it. (Just like $200,000 Joe got from James the same day troubled health company Americore paid James $200,000 on his promise that his name would get them big business in the Middle East. That, too, was labeled a “loan repayment.”) This windfall was mere weeks after Hunter — with his father “right here” — had pressured his Chinese business associate at energy giant CEFC to pay up. The money trail gets complicated, but $5 million came pouring into Hunter’s joint venture with CEFC called Hudson West III via Chinese-based Northern International Capital.
Hunter then transferred $400,000 into the Hunter-owned Owasco P.C. Call that his cut. He then sent $150,000 to a company controlled by Uncle James and his wife Sara. Sara then wrote the personal check to Joe for $40,000.
$40,000, of course, is 10% of $400,000.
As an email about Hunter’s Chinese venture with CEFC, breaking down each partner’s cut had explained: “10 (percent) held by H for the big guy.”
Here’s the timeline:
Per @GOPoversight, here is the Joe Biden China money trail:
– July 2017: Hunter Biden sent threatening messages over WhatsApp to CEFC associates
– “I am sitting here with my father and we would like to understand why the commitment has not been fulfilled.”
– August 8, 2017: $5…
— Daniel Baldwin (@baldwin_daniel_) November 1, 2023
What About This “Loan Repayment” Business?
The check to Joe Biden explains the money as a “loan repayment.” Margot Cleveland says that’s irrelevant to the issue at hand: China paying Joe Biden.
So whether James and Sara Biden actually owed Joe Biden $40,000 is irrelevant because the money they used to repay the supposed loan came from the Chinese company that Hunter and James groomed to serve as the family cash cow during Joe Biden’s vice presidency. And CEFC only provided that capital after Hunter Biden — saying he and his father were sitting there trying to understand why the promised $10 million hadn’t yet materialized — threatened their Chinese counterparts.
This story is just breaking. How this revelation will impact the ongoing impeachment inquiry is unknown. We’ll have further updates on The Stream.
Al Perrotta is the Managing Editor of The Stream, co-author, with John Zmirak, of The Politically Incorrect Guide to Immigration and co-author of the counter-terrorism memoir Hostile Intent: Protecting Yourself Against Terrorism.