XPost: alt.music.bruce-springsteen, alt.fan.rush-limbaugh, sac.politics
XPost: alt.atheism, alt.fun
WASHINGTON—House Committee on Oversight and Accountability Chairman James
Comer (R-Ky.) today released a video and bank records memorandum revealing
how Joe Biden received $40,000 in laundered China money from the account
of his brother, James Biden, and his sister-in-law, Sara Biden, in the
form of a personal check.
https://oversight.house.gov/wp-content/uploads/2023/10/Check-to-Joe-Biden- 9.3.17-768x338.png
The money trail begins in July 2017 when Hunter Biden demanded payment
from his Chinese Communist Party (CCP) linked associate. On July 30, 2017, Hunter Biden sent a message to Raymond Zhao—a CEFC associate—demanding a
$10 million dollar capital payment and claimed his father, Joe Biden, was sitting in the room. CEFC is a Chinese energy company linked to the CCP.
The Bidens began working with CEFC when Joe Biden was Vice President.
On August 8, 2017, Northern International Capital, a Chinese company
affiliated with CEFC, sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong. That same
day, Hudson West III sent $400,000 to Owasco, P.C., an entity owned and controlled by Hunter Biden. On August 14, 2017, Hunter Biden wired
$150,000 to Lion Hall Group, a company owned by President Biden’s brother
James and sister-in-law Sara Biden. On August 28, 2017, Sara 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 account. On
September 3, 2017, Sara Biden cut a check to Joe Biden for $40,000 for a
“loan repayment.”
Remember when Joe Biden told the American people that his son didn’t make
money in China?
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.
Here’s how Joe Biden benefited from his family’s shady deal with CEFC, a Chinese Communist Party linked company.
It all began with a shakedown in the summer of 2017, when Hunter Biden
sent a message to his CEFC associate 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.
Days later, $5,000,000 flowed in from a Chinese affiliate of CEFC. Over
the following three weeks, Biden family members made a series of
complicated financial transactions to hide the source of the China money.
Here’s how that happened:
First, Northern International Capital, a Chinese company associated with
CEFC, wired $5,000,000 to Hudson West III, a joint venture established by Hunter Biden and a CEFC associate.
Then, Hudson West III sent $400,000 to an entity owned and controlled by
Hunter Biden.
Next, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by
Joe Biden’s brother James and sister-in-law Sara Biden.
Sara Biden then withdrew $50,000 in cash from Lion Hall Group. Later the
same day, she deposited it into her and James Biden’s personal checking account.
A few days later, Sara Biden cut a check to Joe Biden for $40,000. The
memo line of the check said, “loan repayment.”
We previously exposed a $200,000 payment James made to his brother Joe
that came from funds provided by a now bankrupt health care company called Americore.
Like the payment to Joe from Americore funds, it’s certainly plausible
that this payment where James and Sara used funds from China was indeed a
loan repayment to Joe.
But even if this $40,000 check 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.
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 check to his brother Joe.
It’s also worth remembering that Biden family efforts to secure millions
from this Chinese company began when Joe Biden was still Vice President.
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.
The House Oversight Committee will continue to follow the money and will
hold President Biden accountable for his corruption.
https://oversight.house.gov/release/comer-reveals-how-joe-biden-received- laundered-china-money/
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