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Jun 23, 2025  |  
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NextImg:Unveiling the Biden Family's Multi-Million Dollar Foreign Business Deals - The Conservative Brief

The Biden family business has been under scrutiny for its international dealings, with recent revelations suggesting a staggering sum of over $20 million received from Russia, Ukraine, and Kazakhstan.

These transactions occurred while President Joe Biden served as Vice President during the Obama administration, according to James Comer, Chair of the House Oversight Committee.

The committee previously disclosed two sets of bank records related to the Biden family business. These records indicated the business received at least $10 million from ventures in Romania and China.

Astonishingly, nine members of the Biden family, including two of Joe Biden’s grandchildren, were beneficiaries of these foreign business dealings.

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Comer, in June, projected that the committee’s investigations would eventually reveal that the Biden family accepted up to $30 million from its overseas business activities.

The third set of records was revealed after the committee subpoenaed six different banks, receiving thousands of documents in response. The subpoenas targeted individuals and companies that had business interactions with Biden family members and their associates.

In July, Comer stated that the Biden family business had caused six banks to flag more than 170 large sums of money in Suspicious Activity Reports (SARs) to the treasury for review.

This was 20 more than previously known. SARs often contain evidence of potential criminal activities, such as money laundering and fraud, as per a 2020 Senate report.

Comer also alleged that the Biden family established over 20 shell companies to conceal payments and launder money. He stated, “When you set up a bunch of shell companies for the sole purpose to launder money, that is called racketeering.”

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In one instance, a Kazakhstani oligarch, Kenes Rakishev, wired $142,300 to Rosemont Seneca Bohai, a company associated with Hunter Biden and Devon Archer.

The very next day, an identical amount was used to purchase a sports car for Hunter Biden. In another case, Russian billionaire Yelena Baturina transferred $3.5 million to Rosemont Seneca Thornton, another shell company linked to Hunter Biden and Devon Archer.

Furthermore, in the spring of 2014, Ukrainian oligarch Mykola Zlochevsky placed Hunter Biden and Devon Archer on the board of directors of Burisma Holdings, agreeing to pay them $1 million each per year.

Payments from Burisma were wired to Rosemont Seneca Bohai and transmitted in incremental amounts to Hunter Biden’s various bank accounts.

Comer implicated Joe Biden in these transactions due to his personal relationships with the family’s business associates.

He stated, “It’s clear Joe Biden knew about his son’s business dealings and allowed himself to be ‘the brand’ sold to enrich the Biden family while he was Vice President of the United States.”

These revelations raise serious questions about the Biden family’s business practices and their potential implications on national security and foreign policy. As the investigation continues, it remains to be seen what further details will emerge.