President Biden received $1,380 in recurring payments from his son Hunter’s law firm starting in 2018. This came after a bank money laundering officer warned that the same account was accepting millions of dollars in Chinese government-linked funds without any services rendered.
According to a bank order released by the House Oversight Committee, Hunter’s firm, Owasco PC, made monthly transfers to then-former Vice President Joseph R. Biden Jr. starting in late 2018. The documentation includes a voided check from the future president. The records also show that at least three payments were made, totaling $4,140.
House Oversight Committee Chairman James Comer (R-Ky.) released a video stating that “President Biden and his family must be held accountable for this blatant corruption.” He added that this wasn’t a payment from Hunter’s personal account, but rather from his corporation that received payments from China and other shady sources.
Comer also mentioned that Hunter Biden is under investigation by the Department of Justice for possible tax evasion and other serious crimes. He pointed to whistleblower testimony claiming that the DOJ made a deliberate effort to prevent investigators from asking questions about Joe Biden’s involvement in his son’s business dealings. Comer questioned why the DOJ would do this.
According to sources, the recurring payments may have been to repay Joe Biden for help with Hunter’s car payment. However, the source of the funds used by Hunter to pay his father is unclear. At the time of the payments, Hunter was involved in two of his most controversial business relationships with Ukraine’s Burisma Holdings and CEFC China Energy.
House Republicans will continue to follow the facts wherever they lead. https://t.co/QCQX7SI2nU
— Speaker Mike Johnson (@SpeakerJohnson) December 4, 2023
Records from Hunter’s abandoned laptop show that Burisma board advisor Vadym Pozharskyi sought “bank reference” information three days before the first recurring payment was made. Joe Biden reportedly met with Pozharskyi at a dinner in 2015, one year after Burisma hired Hunter.
Bringing more confusion to the matter, an unproven informant tip released this year suggests that Burisma owner Mykola Zlochevsky claimed to have paid the Bidens $10 million in bribes for their help removing prosecutor Viktor Shokin.
At the time of the recurring payment, Hunter was also distributing millions of dollars received from CEFC China Energy. In 2017, CEFC transferred $5 million to another Biden family-linked entity, Hudson West III. A bank report from June 2018 indicates that the financial institution should consider ending their relationship with Hunter’s firm as the funds received seemed to be from China without any services rendered.
The Biden family’s dealings with Chinese government-linked firms have raised questions about Joe Biden’s involvement and potential conflicts of interest. Recently, documents released by the Oversight Committee show that Joe Biden received payments of $40,000 and $200,000 from his brother James, who was also involved in the CEFC venture. The White House argues that these were loan repayments, but Republicans note that the funds dispersed to James came from a law firm, further complicating the matter.
In light of these revelations, House Republicans are preparing to question James Biden on Wednesday and Hunter Biden next week about the president’s role in his family’s foreign dealings. A possible floor vote to authorize an ongoing impeachment inquiry may also take place this month. The White House has not commented on the latest development, with press secretary Karine Jean-Pierre referring questions to the White House counsel’s office.