Joe Biden received $40,000 from Chinese communists, funneled through his son and brother and their businesses, House Oversight Committee Chair James Comer revealed Wednesday morning.
“Where’s the money?,” President Joe Biden quipped over the summer when asked by a reporter to comment on the House’s investigation into the bribery scandal swirling around his family. Comer continues to answer that question for the country, with a press release and video detailing the House Oversight Committee’s latest discovery from subpoenaed bank records that establish Joe Biden directly profited from his family’s influence-peddling.
A 12-page memorandum from the Oversight Committee’s staff to the majority members of the committee, which The Federalist has reviewed, details the latest development Comer summarized in his video and press release. The bottom line is a $40,000 check from Sara and James Biden’s personal checking account written to Joe Biden on Sept. 3, 2017, claiming to represent a “loan repayment.” But following that money upstream reveals it originated from the Chinese “business” partners Hunter Biden had threatened a little over a month earlier in a WhatsApp message.
Hunter Biden had sent that WhatsApp message on July 30, 2017, to Raymond Zhao, an associate of CEFC, the Chinese energy giant Hunter and James Biden began courting in 2016, while Joe Biden was vice president. After Joe Biden left office at the end of the Obama administration, according to one of Hunter Biden’s business partners, the Chinese communist-connected CEFC sent them a $3 million wire in March of 2017 as a “thank you” for the Bidens’ assistance in furthering their business interests.
But CEFC had committed to investing another $10 million, which an email recovered from Hunter Biden’s abandoned laptop indicated would be used to form a joint venture. CEFC’s founder and chairman, Ye Jianming, was to hold 50 percent interest in the company, and Hunter Biden, Jim Biden, and some of their business associates would hold the other 50 percent. That email noted Hunter Biden would own a 10 percent interest in the holding company for “the big guy,” a moniker used for Joe Biden.
However, as of the end of July 2017, the $10 million cash infusion had yet to materialize, prompting Hunter Biden to text Zhao on WhatsApp, telling him to “Please have the director call me- not James or Tony or Jim- have him call me tonight,” with the “director” being an apparent reference to the executive director of CEFC, and James and Tony being business partners, along with Jim Biden. The text continued:
I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled. I am very concerned that the Chairman has either changed his mind and broken our deal without telling me or that he is unaware of the promises and assurances that have been made have not been kept. Tell the director that I would like to resolve this now before it gets out of hand. And now means tonight. And Z if I get a call or text from anyone involved in this other than you, Zhang (sic) or the Chairman I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction. All too often people mistake kindness for weakness — and all too often I am standing over top of them saying I warned you. From this moment until whenever he reaches me. It I [sic] 9:45 AM here and i assume 9:45 PM there so his night is running out.
The Oversight Committee memorandum then detailed how in a WhatsApp message on July 31, 2017, Zhao responded, “CEFC is willing to cooperate with the family.” Hunter later followed up with a text to another CEFC associate, Gongwen Dong, stating, “The Biden’s [sic] are the best I know at doing exactly what the Chairman wants from this partnershipn [sic]. Please let’s not quibble over peanuts.”
The money soon began flowing, with Hunter Biden first opening a bank account on Aug. 3, 2017, for a new company, Hudson West III, which would serve as the joint venture between Hunter Biden and CEFC’s Gongwen Dong. Hunter Biden’s business, Owasco P.C., owned 50 percent of Hudson West III, and Dong’s company, Hudson West V, owned the other 50 percent.
On Aug. 8, 2017, financial records show Hunter Biden’s new business venture with CEFC received a $5 million wire from the CEFC-connected business Northern International Capital. That same day, Hunter Biden transferred $400,000 out of Hudson West III and into his corporation, Owasco P.C. From those funds, Hunter purchased a Porsche and transferred funds to other of his personal or business accounts.
Then on Aug. 14, 2017, Hunter Biden wired $150,000 from his Owasco account to the Lion Hall Group — the company owned by James and Sara Biden. Two weeks later, Sara Biden “signed a withdrawal ticket for $50,000 from the Lion Hall Group bank account,” and on the same day deposited that $50,000 into her and James’ joint personal checking account. Soon after, on Sept. 3, 2017, Sara Biden signed the $40,000 check payable to Joe Biden.
The House Oversight staff memorandum provides a clear narrative of these transactions and copies of the relevant bank records. The memorandum also added this graphic to further crystalize the money trail:
Significantly, the House memorandum also established that the $40,000 used to supposedly repay a loan to Joe Biden came solely from funds the communist China-connected CEFC paid to Hunter Biden to “cooperate with the family.” The House Oversight staff’s memorandum made that point clear by detailing, in addition to the flow of funds from CEFC to Joe Biden, the balances in the various accounts prior to the receipt of those funds.
For instance, before Sara Biden transferred $50,000 into their personal checking account from which they paid Joe Biden $40,000, their balance was $46.88. And before Hunter Biden transferred the $150,000 into the Lion Hall Group bank account, that account showed a balance of $1,964.62.
So whether James and Sara Biden actually owed Joe Biden $40,000 is irrelevant because the money they used to repay the supposed loan came from the Chinese company that Hunter and James groomed to serve as the family cash cow during Joe Biden’s vice presidency. And CEFC only provided that capital after Hunter Biden — saying he and his father were sitting there trying to understand why the promised $10 million hadn’t yet materialized — threatened their Chinese counterparts.
It’s also interesting to note that the $40,000 Joe “the Big Guy” Biden received was exactly 10 percent of the $400,000 Hunter Biden received from CEFC.
With Wednesday’s release of a copy of the $40,000 check paid to Joe Biden, Comer has provided two examples of the now-president directly benefitting from his son and brother’s selling of his political influence. Earlier this month, Comer released evidence establishing James Biden paid Joe $200,000 in funds the president’s brother obtained from the since-bankrupted Americore.
Wednesday’s news, however, proves even more scandalous because the funds originated from individuals connected to the Chinese Communist Party who first partnered with Hunter and James Biden while Joe Biden was vice president — and the payment followed Hunter Biden’s threatening text message, which invoked his father’s name (and presence) and warned of his wrath.
But to Joe Biden apologists, this will likely remain “no evidence” of corruption.