Explosive claims surrounding Biden family finances emerge

by Josh Cohen

Photo: Alamy

The House Committee on Oversight and Accountability, led by Chairman James Comer, R-Ky., released a video and bank records memorandum that shed light on allegations related to financial transactions involving Joe Biden and his family. 

These allegations, first brought to the public’s attention via Twitter by Rep. Majorie Taylor Greene, have sparked controversy and debate.

On X, Rep. Greene posted that the committee,

“…has uncovered two checks totaling $240,000 laundered straight to Joe Biden’s bank account.

These Biden Bribery Bucks originated in the Middle East and China and were passed to Biden family members for their name.

No office holder should engage in selling out their office to foreign countries for cash.”

Diving into specific financial transactions, the committee’s press release, stating, “Joe Biden received $40,000 in laundered China money from the account of his brother, James Biden, and his sister-in-law, Sara Biden, in the form of a personal check.”

Further elaborating on the alleged money trail, the release explains:

“The money trail begins in July 2017 when Hunter Biden demanded payment from his Chinese Communist Party (CCP) linked associate. On July 30, 2017, Hunter Biden sent a message to Raymond Zhao—a CEFC associate—demanding a $10 million dollar capital payment and claimed his father, Joe Biden, was sitting in the room. CEFC is a Chinese energy company linked to the CCP. The Bidens began working with CEFC when Joe Biden was Vice President.”

Continuing, the document discloses that:

“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.”

Shedding light on a significant transaction, the release notes, “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 press release states that these transactions are part of a more extensive financial web that connects Joe Biden’s family with substantial sums of money, allegedly originating from China.

As these claims continue to circulate, it remains to be seen whether further investigations or evidence will support or refute the allegations. 

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