By Casey Harper (The Middle Sq.)
U.S. Home Oversight Committee Chair Rep. James Comer, R-Ky., launched extra proof Wednesday that he says again allegations that President Joe Biden personally benefited from his brother and son’s abroad enterprise dealings, saying he acquired $40,000 in “laundered China cash.”
Comer says the president’s son, Hunter Biden, who faces his personal authorized expenses, allegedly laundered the cash from abroad enterprise offers utilizing his father’s title. That cash got here from a Chinese language vitality firm, CEFC.
“All of it started with a shakedown in the summertime of 2017, when Hunter Biden despatched a message to his CEFC affiliate demanding a $10 million capital fee,” Comer mentioned. “As Hunter Biden extorted this affiliate, Hunter claimed he was sitting together with his father and that the Biden community would activate his affiliate if he didn’t pony up the cash. The extortion scheme labored. Days later, $5,000,000 flowed in from a Chinese language affiliate of CEFC.”
Two IRS whistleblowers testified earlier than Congress earlier this 12 months that the Biden household and associates raked in additional than $20 million from abroad offers utilizing about 20 shell firms.
Comer mentioned cash was moved by means of these accounts to make it onerous to trace. He laid out a timeline in his newest launch of proof.
“First, Northern Worldwide Capital, a Chinese language firm related to CEFC, wired $5,000,000 to Hudson West III, a three way partnership established by Hunter Biden and a CEFC affiliate,” Comer mentioned.
Comer mentioned Hudson West III despatched $400,000 to “an entity owned and managed by Hunter Biden.”
“Subsequent, Hunter Biden wired $150,000 to Lion Corridor Group, an organization owned by Joe Biden’s brother James and sister-in-law Sara Biden,” he added. “Sara Biden then withdrew $50,000 in money from Lion Corridor Group. Later the identical day, she deposited it into her and James Biden’s private checking account. A couple of days later, Sara Biden reduce a verify to Joe Biden for $40,000. The memo line of the verify mentioned, ‘mortgage compensation.’”
This proof comes after Comer released evidence final month that the president acquired a direct fee of $200,000. Comer launched a duplicate of a verify apparently from James Biden, Joe Biden’s brother, to the president for that quantity with the memo “mortgage compensation.”
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Comer mentioned that fee got here after James Biden acquired $600,000 in loans from Americore, a struggling firm that later filed chapter. Comer factors to the corporate’s chapter filings, saying “James Biden acquired these loans ‘based mostly upon representations that his final title, Biden, might open doorways and that he might acquire a big funding from the Center East based mostly on his political connections.’”
As The Middle Sq. beforehand reported, IRS whistleblowers, earlier financial institution data and FBI paperwork have been put ahead in latest months by the Home Oversight Committee offering proof for allegations that the Biden household and associates acquired greater than $20 million from entities in a number of nations, together with China, Russia and Ukraine.
Biden has repeatedly denied that he benefited from any abroad dealings. This newest proof drew extra assaults towards the president. Rep. Elise Stefanik, R-N.Y., known as it a “bombshell” report and Rep. Russell Fry, R-S.C., blasted Biden, saying he acquired “laundered China cash.”
“Joe mentioned Hunter Biden by no means acquired cash from China, however seems each Joe AND Hunter Biden acquired cash,” he wrote on X, previously often known as Twitter.
Syndicated with permission from The Center Square.