OAN’s Abril Elfi
4:10 PM – Wednesday, November 1, 2023
House Committee on Oversight and Accountability Chairman James Comer claimed that James Biden paid Joe Biden $40,000 as a “loan repayment” after receiving funds from Hunter Biden related to China’s CEFC.
On Wednesday, Comer (R-Ky.) released a memo by the House Oversight Committee stating that the 2017 transfer from James Biden and his wife Sara to the 46th president allegedly involves the same business deal in which Joe Biden was called the “big guy” and penciled in for a 10% cut. This would be the first proven instance of the commander-in-chief receiving a piece of his family’s foreign income.
According to the Oversight committee, The $40,000 was transferred in a “complicated financial transaction” just weeks after first son Hunter Biden threatened his father’s wrath in a text message to a CEFC employee on July 30th, 2017.
On September 3rd, 2017, Joe Biden purportedly received a check labeled “loan repayment” from his younger brother, who collaborated with Hunter in the venture.
In a video posted to X (Twitter), Comer said: “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,” he continued.
According to bank records obtained by Comer this year, CEFC paid Hunter and James Biden an astounding $6.1 million altogether from both 2017 and 2018.
He also added that roughly $1 million was paid in March 2017, shortly after Biden left office as vice president. The remaining funds came within 10 days of Hunter’s threat invoking his father.
On August 8th, 2017, a $5 million wire was routed to “Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong,” according to a committee description of the document.
However, White House spokesman Ian Sams responded on X (Twitter) that, “Comer’s lies and conspiracy theories are getting more desperate by the day.”
The memo ended, stating that “the House Oversight Committee will continue to follow the money and will hold President Biden accountable for his corruption.”
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