Led by Chairman James Comer, Republican members of the House Oversight Committee held a press briefing on alleged new information they’ve discovered about the Biden family’s business deals.
The committee alleged Joe Biden and members of his family received payments from foreign nationals and businesses through a complex structure of limited liability corporations (LLC) in order to purchase assistance in the form of influence from the United States government for their financial interests.
In the press conference, the committee members outlined how Romanian and Chinese individuals paid shell corporations controlled by Biden associates. The Biden associate LLC’s (shell corporations) then transferred funds to other companies, who then transferred the funds to the Biden family members. Each step in the process was created to hide the originating source of the payments. WATCH:
[ House Oversight pdf Summary ]
HOUSE OVERSIGHT – We have now established a network of over 20 companies formed by the Bidens and their associates. Most of these companies were LLCs and formed when Joe Biden was Vice President.
Based on the financial records we have obtained via bank subpoenas, we can now confidently trace at least $10 million in total from foreign nationals and their related companies going to the Biden family, their business associates, and their companies.
What services did the Bidens provide in exchange for this money?
It is unclear what they provided other than access and influence.
Joe Biden told the American people, on October 22, 2020, that Hunter never made money from China. That is a lie based on the bank records.
The Bidens took steps to hide, confuse, and conceal payments they received from foreign nationals. Here’s one example how a CCP-linked associate layered domestic limited liability companies to pay Hunter Biden.
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Multiple Biden family members received money from the Chinese after it passed through an associate’s account. Additionally, Hunter Biden received money directly into his company’s account from a Chinese-controlled entity.
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In addition to the China money ties, we are adding a new country to our growing list of places the Bidens received money from:
Romania.
The Biden family and associates’ activities in Romania reveal an influence peddling scheme from 2015 to 2017.
While VP Biden was lecturing Romania on anti-corruption policies, he served as a walking billboard for his son & family to collect money.
Hunter & his associates capitalized on a lucrative financial relationship with a Romanian national who was later convicted of corruption.
The Bidens received over $1 million for the Romania deal, with 16 of the 17 payments made during Biden’s VP term.
The money stops flowing from Romania soon after Joe Biden leaves office, establishing a pattern of influence peddling.
Due to the info we are releasing today and further developments our committee is aware of, the investigation will enter a new phase.
Representative James Comer will soon issue more subpoenas to banks for specific, targeted information.
In addition, he will provide one more opportunity for certain Biden associates—including his art gallerist and Rob Walker—to cooperate willingly with this investigation.
Additionally, James Comer is publicly releasing this Second Bank Records Memo to the American people so they can see for themselves the activities the Biden family has engaged in, despite the President’s statements to the contrary. (source)
[Link to pdf]
