The big question was always how Joe Biden, aka the Big Guy, was getting paid Joe Biden and his media allies have made a point of this in defending him. They’ll concede that Hunter and even James, Joe’s brother, were involved in some shady stuff. They’ll concede that Joe Biden lent his influence by showing up to meetings and joining in on calls, but they’ll claim that he never got any money. Now Rep. James Comer and the House Oversight Committee are find out how Joe allegedly got paid.
And the answer is ‘loan repayments.’
Earlier in October, House Oversight turned up a “loan repayment” tied to wrecked hospitals and Islamic terrorists.
According to bankruptcy court documents, James Biden received these loans “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
According to the Americore CEO, “Jim Biden directed me to loan him approximately $400,000 of this money for him to use to repay a past-due personal loan.”
Later, “Biden took additional amounts totaling approximately $250,000.”
On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account – not their business bank account. On the same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.
Here’s another ‘loan repayment’ linked to what was the most direct example of Joe Biden getting involved in a Hunter shakedown.
A July 30th, 2017, WhatsApp message from Hunter Biden to Henry Zhao, where Hunter Biden wrote: “I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled. Tell the director that I would like to resolve this now before it gets out of hand, and now means tonight. And, Z, if I get a call or text from anyone involved in this other than you, Zhang, or the chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction. I am sitting here waiting for the call with my father.”
Joe Biden has denied being present, but now we know what happened afterward. Another ‘loan repayment.‘
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.
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.”
Two points make a line. We now have a pattern of how the Big Guy was getting paid.
Biden will argue that the loan repayments were just that, but he was well aware of his brother and son’s business arrangements because he was meeting up with some of the principal players. His son and brother were using his name to build business connections and Joe Biden would have to be deaf, dumb and blind not to realize why he was being asked to join calls or show up to meet with their business partners. And then he took money from his brother and sister-in-law that appeared to have come as a result of these business dealings.
Whether or not he loaned them the money, the only remaining defense, is irrelevant. When Joe Biden loaned the money, he understood where the debt would be repaid from. All of this makes him a partner in their work.
Joe Biden financially benefited from the activities of his family members. This is no doubt the tip of the iceberg, but it shows how the payments were structured and the money was laundered.