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Featured Stories November 03,2023 | Holland McKinnie

10% For The Big Guy: New Biden Check Revealed

New shocking revelations of Biden family corruption came on Wednesday as the House Oversight Committee, led by Rep. James Comer (R-KY), released a memo detailing a complicated financial transaction in which Joe Biden received $40,000 from his brother, James Biden after the money had passed through a series of entities connected to Chinese energy company CEFC.

The memo claims that the transfer occurred just weeks after Hunter Biden threatened a CEFC employee with his father’s wrath. This, combined with previous bank records showing that CEFC paid Hunter and James Biden at least $6.1 million in 2017 and 2018, suggests that the President has benefited financially from his family’s dealings with China.

In July 2017, Hunter Biden demanded a $10 million payment from the CEFC associate, as seen in a WhatsApp message where he claimed he was sitting with his father, Joe Biden, and that their network would turn on the associate if the money was not provided. 

Shortly after, $5 million flowed in from a Chinese affiliate of CEFC to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong. On the same day, Hudson West III sent $400,000 to Owasco, P.C., an entity controlled and owned by Hunter Biden.

Days later, on August 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by President Biden’s brother James and his wife Sara Biden. By August 28, 2017, Sara Biden withdrew $50,000 in cash from Lion Hall Group. She later deposited it into her and James Biden’s personal checking account. 

Finally, on September 3, 2017, Sara Biden cut a check to Joe Biden for $40,000, marked as a “loan repayment.”

These transactions form a complex web of financial transfers, with money flowing from CEFC to various entities owned or controlled by the Biden family, ultimately landing in Joe Biden’s bank account. The allegations surrounding these transactions add another layer to the ongoing investigations into the Biden family’s foreign dealings.

Comer posted a video saying, “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.”

This is not the first time that the Biden family’s foreign dealings have come under scrutiny. The Oversight Committee previously revealed that James Biden paid Joe Biden $200,000 on the same day that James received a $200,000 transfer from Americore, a rural hospital company. This raises the question of whether Joe Biden’s political connections were being used to secure investments.

The timing of this revelation is particularly notable, as Biden is expected to meet with Chinese President Xi Jinping later this month. His Republican detractors argue that his family’s financial connections to China could compromise his ability to deal with the country.

White House spokesman Ian Sams has predictably called Comer’s allegations “lies and conspiracy theories.” In a post to X, formerly Twitter, Sams linked to an article that claimed to have reviewed bank records proving that the $40,000 was a short-term loan from Joe to James that was repaid in less than two months.

It remains to be seen how these allegations will affect Biden’s presidency, but one thing is clear: the scrutiny of his family’s foreign dealings is not going away soon.

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