House Republicans have presented evidence suggesting that US President Joe Biden personally profited from his son Hunter’s business dealings in China. Congressman James Comer, a Kentucky Republican, revealed in a video message that $40,000 from laundered China money had been deposited into Joe Biden’s bank account. The evidence, outlined in a 12-page memo produced by the Republican committee staff, exposes a money trail linked to a personal check written by Sara and James Biden in 2017.
While the check is labeled as a “loan repayment,” the memo reveals that the funds originated from the Chinese energy company CEFC and were channeled through Hunter Biden. The memo further highlights that Hunter and James Biden began collaborating with CEFC in 2016, during Joe Biden’s tenure as Vice President. The company committed to investing $10 million in a joint venture with the Bidens, with a ten percent stake associated with “the big guy,” widely believed to refer to Joe Biden.
Screenshots of text messages extracted from Hunter Biden’s abandoned laptop shed further light on the situation. In one message sent on July 30, 2017, Hunter expresses concern over the unfulfilled commitments made by CEFC and requests a prompt resolution. CEFC’s response, dated July 31, indicates their willingness to cooperate with the Biden family. Comer argues that these exchanges demonstrate the success of the supposed extortion scheme.
According to the memo, Northern International Capital, a front company for CEFC, wired $5 million to Hudson West III, a company established by Hunter with CEFC associate Gongwen Dong, on August 8, 2017. On the same day, Hunter withdrew $400,000 from Hudson West III and transferred it to another company he owned, Owasco PC, as confirmed by bank records. Subsequently, on August 14, Hunter sent $150,000 from his Hudson West III account to the Lion Hall Group, owned by James and Sara Biden, significantly boosting the account balance. Two weeks later, $50,000 was transferred from the Lion Hall account to James and Sara Biden’s personal checking account. Finally, on September 3, they issued a “loan repayment” personal check to Joe Biden, amounting to $40,000, coinciding with 10% of the sum Hunter had withdrawn from the CEFC wire the prior month.
Comer asserts that these financial transactions demonstrate Joe Biden’s personal benefit from his family’s exploitation of his name, emphasizing that without their involvement in lucrative business arrangements and Hunter’s alleged threats to a CEFC associate, James would not have had the means to issue the $40,000 check to Joe.
The concern extends beyond Biden’s alleged dishonesty regarding his son’s business dealings. Comer argues that accepting money from a company linked to the Chinese Communist Party, with an agenda to advance China’s interests, leaves the Bidens vulnerable to potential blackmail. By prioritizing personal financial gain over the best interests of the United States, Biden is accused of compromising national security.
The evidence presented by House Republicans originates from the contents of Hunter Biden’s laptop, made public in October 2020, just before the US presidential election. Critics claim that Joe Biden and the Democratic Party dismissed the laptop’s contents as a “Russian disinformation operation” and censored media outlets that reported on the story via social media platforms.
In conclusion, House Republicans claim to possess evidence indicating that Joe Biden personally profited from his son’s business dealings in China. The memo and accompanying text messages suggest a money trail leading to a personal check deposited into Biden’s bank account. These revelations raise concerns about potential conflicts of interest and the compromise of national security.