House Oversight: Joe Biden Received $40,000 ‘Loan Repayment’ After Hunter Shook Down CCP-Linked Business Partner

by Debra Heine

 

The House Committee on Oversight and Accountability Committee released more evidence Wednesday showing that Joe Biden personally profited from the family’s influence-peddling operation.

Chairman James Comer (R-Ky.) released a video and a bank records memorandum revealing how “the Big Guy” received a cut of a Chinese Communist Party-linked payment to Hunter Biden after it was laundered through several of the family’s business entities.

“Remember when Joe Biden told the American people that his son didn’t make money in China?” Comer asked in the new Oversight 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,” he added. “And the Oversight Committee has it.”

The money trail begins in July 2017, when Hunter Biden sent his infamous “shake-down” WhatsApp message to CEFC associate Raymond Zhao demanding a $10 million dollar capital payment.  At the time, the Biden clan was working with CCP-linked Chinese energy company CEFC. The partnership began while Joe Biden was Vice President.

“I’m sitting here with my father and we would like to understand why the commitment has not been fulfilled. You will regret not following my direction. I am waiting for the call with my father,” Hunter allegedly wrote on July 30, 2017.

About a week later, a Chinese company affiliated with CEFC sent half the amount to one of Hunter Biden’s shell companies, the Oversight Committee said.

On August 8, 2017, Northern International Capital, a Chinese company affiliated with CEFC, sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong.

That same day, Hudson West III sent $400,000 to Owasco, P.C., an entity owned and controlled by Hunter Biden. On August 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by President Biden’s brother James and sister-in-law Sara Biden. On August 28, 2017, Sara Biden 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. On September 3, 2017, Sara Biden cut a check to Joe Biden for $40,000 for a “loan repayment.”

The $40,000 check to “the Big Guy” amounts to a 10 percent cut of the $400,000 payment to Hunter’s shell company Owasco.

Last month, the committee released bank records revealing another shady $200,000 direct payment to Joe Biden from James Biden. According to Comer, James Biden received a total of $600,000 in loans from the financially distressed rural hospital operator Americore Health in 2018.

On March 1, 2018, James Biden received a $200,000 loan from the now bankrupt healthcare company and wrote a $200,000 check from this personal bank account to his brother Joe Biden that very same day, bank records show.

“Like the payment to Joe from Americore funds, it’s certainly plausible that this payment where James and Sara used funds from China was indeed a loan repayment to Joe,” Comer said. “But 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.”

Without his family peddling his name and his son threatening a CEFC associate with consequences that he said Joe Biden knew about, James wouldn’t have had the money to write the $40,000 check to his brother Joe.

It’s also worth remembering that Biden family efforts to secure millions from this Chinese company began when Joe Biden was still Vice President.

In taking funds sourced to a CCP-linked company that wanted to advance China’s interests, Joe Biden exposed himself to future blackmail and put America’s interests behind his own desire for money.

The House Oversight Committee, along with the House Judiciary and Ways and Means committees launched an impeachment inquiry into Joe Biden in September, alleging he financially benefited from his son’s shady foreign business schemes.

Oversight Committee member Rep. Eric Burlison (R-Mo.) said Tuesday that the investigation has reached “a tipping point” because now they are able to go to court to obtain the Biden clan’s bank records.

“Once we have those bank records, I think we’re going to find a lot more,” Burlison said. “At that point, if there is evidence, their goose is cooked,” he added.

–  – –

Debra Heine reports for American Greatness.
Photo “Hunter and Joe Biden” by Louise Palanker. CC BY-SA 2.0.

 

 

---

---