Today, December 6, Rep. James Comer, chairman of the House Oversight Committee, exposed bank records showing monthly payments from Hunter Biden’s business, Owasco PC, to then Vice President Joe Biden. Records show that the payments totaled $1,380 each over three months in 2018, which were done after Joe Biden’s term as vice president and before the 2020 presidential race.
Republican lawmakers highlighted that these subpoenaed records exposed the Biden family’s foreign business dealings. They remarked on the patterns of these accounts funded by foreign institutions for Joe Biden.
The committee was able to identify over 20 shell companies and how Biden and his associates accumulated over $24 million between 2015 and 2019 by selling Joe Biden as “the brand.”
In a press release by the Oversight Committee, they emphasized, “Payments to Joe Biden from Hunter’s Owasco PC corporate account are part of a pattern revealing Joe Biden knew about, participated in, and benefited from his family’s influence peddling schemes. As the Bidens received millions from foreign nationals and companies in China, Russia, Ukraine, Romania, and Kazakhstan, Joe Biden dined with his family’s foreign associates, spoke to them by speakerphone, had coffee, attended meetings, and ultimately received payments that were funded by his family’s business dealings.”
Chairman Comer, in a video, outlined that the money sent by Owasco PC to Joe Biden “wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world.”
He also shared that the committee is well aware that “the Justice Department made a concerted effort to prevent investigators from asking questions about Joe Biden,” based on whistleblower testimony.
Comer also slammed how Biden allowed his son, Hunter, to “catch a ride on Air Force Two at least a dozen times to sell the “Biden Brand” around the world.”
Before this issue was raised, Comer also released an email from a bank money laundering investigator who flagged serious concerns about funding from China, which reached up to $40,000.
“Long before our investigation into President Biden’s corruption, a bank money laundering investigator raised the exact concerns that we raised publicly about the Biden family business: ‘payments appear erratic,’ ‘does not appear to have any services rendered,’ ‘no current business purpose,’ and ‘China targets the children of politicians and purchases political influence through’sweetheart deals.’ Those are the words of a bank investigator who was just doing his job. The bank investigator was so concerned about Hunter Biden’s financial transactions with the Chinese company that he wanted to re-evaluate the bank’s relationship with the customer,” said Chairman Comer.
“Even worse, we know that the sitting President of the United States knew about, participated in, and benefited from his family’s shady China dealings. Joe Biden showed up to his son’s CEFC meetings and benefited from the money wired from China. The White House and their corporate media allies’ efforts to excuse and cover up this blatant corruption are appalling to the American people. House Republicans will continue to unearth the facts and provide the accountability the American people deserve,” continued Chairman Comer.
initially, the bank investigator raised issues on the initial $5 million funding from Northern International Capital Holdings, a CEFC-affiliated affiliated entity that had links with the Chinese government, and irregular payments submitted to Hudson West III, Hunter Biden’s joint venture with a Chinese national, and Owasco, P.C., an entity owned by Hunter Biden.
“The money that landed in Joe Biden’s bank account was funded by a complex web of financial transactions that began with the initial $5 million funding from Northern International Capital Holdings,” said Chairman Comer.
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