Joe Biden is getting bad news one day and worse news the next. The latest installment concerns a check written on laundered Chinese money.
Shortly after members of his family received money from China, Joe Biden received a $40,000 check from the wife of James Biden and once again it is described as being a repayment of a loan.
That would be true if you consider that Joe Biden lent his name to a business venture between Hunter Biden and China.
???? BREAKING ????
We’ve followed the money and identified how Joe Biden received $40,000 in laundered ???????? China money.
@RepJamesComer lays out the money trail. ???? pic.twitter.com/lH69OUOHid— Oversight Committee (@GOPoversight) November 1, 2023
Comer says in the video:
“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. 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.’”
The Oversight Committee released a memo containing bank records of the transactions between the Biden family and its Chinese business associates which resulted in Joe Biden taking $40,000 of Chinese money in September 2017. Hunter Biden told his office manager he was “office mates” with Joe Biden and CEFC in late September 2017, around the time Joe Biden received a $40,000 check from money originating in China.
The bank records indicate Hunter Biden wired $400,000 to his Owasco account on Aug. 8, 2017, the same day Hudson West III was sent $5 million. He sent $130,000 from Owasco to his Rosemont Seneca Advisors LLC account, an LLC he previously used to purchase his Porsche.
Hunter Biden wired $150,000 from Owasco to James and Sara Biden’s Lion Hall Group on Aug. 17, 2017, the bank records show. Lion Hall’s balance was reduced to $115,822 because of purchases made between Aug. 14 and Aug. 25, 2017, after the funds came in from Hunter Biden.
Sara Biden wired $50,000 from Lion Hall on Aug. 28, 2017, and $50,000 was deposited into her personal account with her husband on the same day. Sara and James Biden’s personal account had a $46.88 balance prior to the $50,000 deposit, bank records show. She sent the check to Joe Biden on Sept. 3, 2017, for a “loan repayment” less than a month after James Biden’s business relationship with Hudson West III began.
James Biden’s Lion Hall Group took payments directly from Hudson West III throughout 2018 for a total of more than $76,000, the bank records show.
The memo lays out the Biden family’s relationship with CEFC, which began when Joe Biden was vice president, according to an FBI FD-302 summarizing an interview with Hunter Biden’s former business associate, Tony Bobulinski.
“CEFC had used its relationship with HUNTER BIDEN and JAMES BIDEN – and the influence attached to the BIDEN name – to advance CEFC’s interests abroad. HUNTER BIDEN and JAMES BIDEN did not receive any monetary compensation for their assistance in these projects. HUNTER BIDEN and JAMES BIDEN did not receive any compensation because JOSEPH BIDEN was still VPOTUS during this time period,” the document reads.
Bobulinski provided the FBI with a hard drive full of communications with Hunter Biden, and told the FBI the New York Post’s Hunter Biden laptop reporting was real, the FD-302 form states.
