Republican lawmakers unveiled compelling evidence on Wednesday, accusing at least nine members of President Joe Biden’s family of receiving up to $10 million from operatives in China and Romania during Biden’s tenure as vice president under President Obama.
The House Oversight and Accountability Committee members presented subpoenaed bank records, showing payments from foreign companies to Biden’s son, Hunter.
This revelation contradicts President Biden’s previous claims that he never discussed Hunter’s business dealings with him.
“President Biden has claimed since the 2020 election that his family has not received money from China,” Committee Chairman James Comer (R-KY) said during a press conference announcing the memo. “That was a lie in 2020 — and he continues to lie to the American people now.”
Lawmakers meticulously laid out the case against the Biden family, with Rep. Nancy Mace (R-SC) stating, “This could be the most corrupt scheme in American politics, where a sitting vice president… where we saw members of his family, nine of them so far, there may be more, that were enriched from countries all over the world.”
Mace alleged that the Biden family used a series of shell companies to hide their financial tracks, with 20 such companies established after Biden became vice president in 2009.
The committee claimed that these companies, including Owasco P.C., Hudson West III, LLC, Robinson Walker, LLC, and Rosemont Seneca Bohai, LLC, received millions of dollars from foreign entities without providing any apparent services.
Comer disclosed that $1 million in payments from Romania went to the Biden family while the then-vice president was involved in Romanian affairs.
He also reported that the committee had discovered millions of dollars sent to the Bidens from various Chinese companies through multiple banks, a network seemingly designed to conceal the transfers.
“The transactions in Romania and China show related but separate issues identified by the Committee that raise serious questions about financial disclosures and risks to national security,” Comer’s memo stated.
In a 36-page memo released before the news conference, Comer revealed that the Biden family allegedly established over 20 companies to receive foreign funds, potentially in exchange for influencing policy.
The committee subpoenaed records from four banks connected to individuals and companies engaged in business activities with Biden family members and associates.
Republicans also accused Hunter Biden of leveraging his family name to arrange a 2016 meeting between a Serbian candidate for United Nations Secretary-General and then-national security adviser to the vice president, Colin Kahl.
Rep. Jim Jordan (R-OH) stated that the committee had reviewed nearly 200 Suspicious Activity Reports linked to the Biden family, documents compiled by banks to flag questionable international transactions.
The Biden Department of Treasury initially blocked the committee from accessing these reports.
Comer reiterated that the committee plans to gather additional bank records and continue following the money trail in its ongoing effort to root out fraud, waste, and abuse at the highest level of the federal government.
White House spokesperson Ian Sams dismissed the allegations, telling CNN, “Comer has a history of playing fast and loose with the facts and spreading baseless innuendo while refusing to conduct his so-called ‘investigations’ with legitimacy.”
The U.S. Attorney for the District of Delaware is currently investigating Hunter Biden for alleged income tax evasion.
Last week, Comer and Sen. Chuck Grassley (R-IA) disclosed that a highly credible whistleblower informed them that the FBI possessed a form allegedly containing evidence of then-Vice President Joe Biden’s involvement in a criminal bribery scheme with a foreign national.
At Wednesday’s news conference, Rep. Byron Donalds (R-FL) expressed doubt that the Department of Justice and FBI, increasingly viewed as partisan by conservatives, would thoroughly investigate the Biden family’s dealings.
Donalds said, “It’s interesting that the Department of Justice has been investigating Hunter Biden for quite some time, and we seem to never get anywhere. I wonder what’s going on at the Department of Justice. The bottom line is there is no real business here. None.”
Comer and Grassley’s letter to the Department of Justice and FBI demanded that the alleged record be handed over, stating, “Based on the alleged specificity within the document, it would appear that the DOJ and the FBI have enough information to determine the truth and accuracy of the information contained within it.”
The unveiled evidence has raised serious concerns about the Biden family’s alleged financial activities and their potential influence on national security and policy.
With mounting skepticism over the ability of federal agencies to conduct impartial investigations, many conservative lawmakers are questioning whether the truth will ever come to light.
As the Oversight Committee continues its pursuit of uncovering the extent of the Biden family’s alleged financial connections to foreign entities, the American public awaits further revelations and potential consequences for the nation’s highest office.
With the allegations casting a dark cloud over the Biden presidency, the question remains: will these revelations lead to any significant political repercussions, or will they merely fuel further partisan divides?
Only time will tell as the Oversight Committee presses on with its investigation.
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