Rep. Marjorie Taylor Greene (R-GA), a member of the Oversight Committee, exclusively told Breitbart News on Friday that “we finally have direct evidence of money laundering.” She continued, “It was a $200,000 check made out to Joe Biden, directly from Jim Biden, on the exact same day that Jim Biden had received $200,000 from a foreign investment.”
“The money laundering scheme is the same type of money laundering scheme that many people have been put in jail for,” she added.
James Comer: Joe Biden Received $40,000 in China Money Again Disguised as Loan Repayment
Joe Biden received $40,000 in laundered CEFC China Energy Co. money in 2017 from the account of his brother, James Biden, and sister-in-law, Sara Biden, once again in the form of a personal check labeled as a “loan repayment,” House Oversight Committee Chair James Comer (R-KY) uncovered Wednesday in a newly released bank records memorandum.
The revelation is the second instance Joe Biden personally accepted a suspicious personal check from his brother James, who was involved in the Biden family’s overseas business ventures. Joe Biden has denied any involvement in Biden family business ventures at least nine times.
The discovery justifies concerns raised by Republicans that the Biden business compromised Joe Biden. It also lends further credence to the impeachment inquiry into the president.
(Source: House Oversight Committee)
The $40,000 money trail began on July 30, 2017, when Hunter Biden demanded a $10 million payment from CEFC China Energy Co. associate Raymond Zhao. CEFC had close ties to the Chinese Communist Party. The Bidens launched their working relationship with CEFC when Joe Biden was vice president.
The laundered money trail took six steps, the committee said:
July 30, 2017: Hunter Biden put pressure on Zhao for a $10 million payment using the influence of Joe Biden, who was “sitting” in the room, according to a screenshot of a WhatsApp message from an IRS whistleblower in June.
August 8, 2017: Hunter-Biden-linked bank accounts received about $5 million in payments from Zhao within ten days of the text, using proximity to Joe Biden as a cudgel. (Northern International Capital, a Chinese company affiliated with CEFC, sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong.)
August 8, 2017: On the same day, $400,000 was wired to Owasco, P.C. from Hudson West III, another entity controlled by the president’s son.
August 14, 2017: Hunter Biden then wired $150,000 to Lion Hall Group, an entity owned by Joe Biden’s brother, James Biden, and his wife, Sara Biden.
August 28, 2017: Sara Biden withdrew $50,000 in cash from Lion Hall Group. On the same day, Sara Biden deposited $50,000 into her shared personal checking account with James Biden.
September 3, 2017: Sara Biden wrote Joe Biden a check for $40,000 for a “loan repayment,” a method Republicans say is used to launder money.
“The extortion scheme worked,” Comer said in a statement. “It all began with a shakedown in the summer of 2017, when Hunter Biden sent a message to his CEFC associate demanding a $10 million capital payment.”
“In taking funds sourced to a CCP-linked company that wanted to advance China’s interests, Joe Biden exposed himself to future blackmail and put America’s interests behind his own desire for money,” added Comer, a former bank board member.
The revelation comes after Comer disclosed that Joe Biden received a $200,000 check from James Biden in 2018 — also noted as a loan. Comer believes the $200,000 payment is suspicious because the money flowed through a distressed entity, Americore, which loaned James Biden a total of $600,000. James Biden and the White House insist the check was not due to a pre-existing business relationship. James Biden insisted the money was a return payment for money Joe Biden lent him.
“Like the payment to Joe from Americore funds, it’s certainly plausible that this payment where James and Sara used funds from China was indeed a loan repayment to Joe,” Comer said. “But even if this $40,000 check was a loan repayment from James Biden, it still shows how Joe benefited from his family cashing in on his name – with money from China no less.”
The discoveries of payments received by Joe Biden are a result of subpoenaing James Biden. “The House Oversight Committee will continue to follow the money and will hold President Biden accountable for his corruption,” Comer reiterated.
Evidence unearthed against Joe Biden is growing. The evidence is here and here.
Hunter Biden’s lawyer, Kevin Morris, controls his client’s ten percent stake in a Chinese state-backed fund, BHR Partners, Just the News reported Sunday, confirming Breitbart News’ exclusive report in April.
Morris’s control of Hunter Biden’s stake in the ongoing fund — closely linked to the Chinese Communist Party (CCP) — raises concern the Biden business remains engaged in an ongoing partnership during Joe Biden’s presidency. An ongoing Biden business with a CCP-linked entity could compromise Joe Biden’s administration.
Morris’s stake in the fund depicts a relationship with the president’s son that goes beyond one of a typical lawyer, including paying his IRS debts on top of strategizing his legal defense. Hunter Biden racked up at least $10 million in legal bills over the past five years, CNN reported in October, as he will potentially spend millions more defending himself from an impeachment inquiry and three gun charges.
Hunter Biden formed the BHR Partners in 2013 as a joint venture with Devon Archer and Jonathan Li. Hunter Biden created the joint venture in which his company, Skaneateles LLC, held a ten percent equity stake in BHR Partners. Hunter conveyed that stake in Skaneateles to Morris, a source familiar with the agreement dated 2023 confirmed to Breitbart News. NonprofitMarco Polo first unearthed the agreement.
Morris not only controls the Hunter Biden’s ten percent stake in BHR Partners, he apparently assumed a debt obligation related to the venture. In 2019, Hunter Biden received a $250,000 wire as a loan from Jonathan Li, the CEO of the investment fund and widely known for reaching out to then-Vice President Joe Biden for advice about a college application for his son. The money was wired to account using Joe Biden’s Delaware address as the beneficiary, House Oversight Committee Chair James Comer (R-KY) revealed in September. After Joe Biden became president, Kevin Morris assumed the $250,000 loan in 2021.
“It sure seems that the Bidens get a lot of loans that raise many questions,” House Oversight Committee Chair James Comer (R-KY) told Just the News. “Hunter Biden’s defense team was quick to say that the $250,000 wire he received from a Chinese national that listed Joe Biden’s home as the beneficiary address was a loan.”
“However, Hunter Biden’s defense team fails to mention that Kevin Morris quietly assumed that loan for Hunter Biden,” Comer added. “Why is Kevin Morris, who is a lawyer and Democrat donor, taking on Hunter Biden’s China debt? This raises serious ethical questions that the White House must answer.”
Joe Biden took 411 trips to several countries during his vice presidency. One of them transpired in 2013, when he went to Beijing under the “trappings” of a family vacation to meet Li. Ten days after that visit to China, Hunter Biden secured a ten percent interest in BHR Partners.
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