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New Evidence Reveals Alleged $40,000 Chinese Funds Transfer to Joe Biden – Impeach?

New Evidence Reveals Alleged $40,000 Chinese Funds Transfer to Joe Biden – Impeach?

The House Oversight Committee Chair, James Comer, has presented compelling evidence suggesting that President Joe Biden received $40,000 in potentially “laundered” funds linked to the Chinese government. This revelation is part of a long-running investigation into the Biden family’s foreign financial dealings, which could have serious implications for the President.

The alleged transfer of $40,000 from Joe Biden’s younger brother, James Biden, to the future President occurred in 2017, during the same business deal in which Joe Biden was referred to as the “big guy” and supposedly earmarked for a 10% share. This incident marks the first concrete evidence of the Commander-in-Chief benefiting from his family’s foreign income.

According to the Republican-led Oversight Committee, the money made its way into Joe Biden’s bank account on September 3, 2017, via a check labeled as a “loan repayment” from James Biden. This financial transaction took place shortly after Hunter Biden issued a threatening text message to a CEFC (a Chinese energy company linked to the CCP) employee on July 30, 2017, insinuating the consequences if the demanded payment was not made.

Chairman Comer pointed out the glaring contradiction in Joe Biden’s past statements: “Remember when Joe Biden told the American people that his son didn’t make money in China? Well, not only did he lie about his son Hunter making money in China, but it also turns out that $40,000 in laundered China money landed in Joe Biden’s bank account in the form of a personal check.”

Bank records released as part of the investigation earlier this year revealed that CEFC, a now-defunct company linked to the Chinese Communist Party, paid Hunter and James Biden a staggering sum of at least $6.1 million in 2017 and 2018. This included approximately $1 million shortly after Joe Biden left office as Vice President, with the remainder following within ten days of Hunter’s ominous message invoking his father’s influence.

The financial trail presented by the Oversight Committee is as follows:

  • CEFC sent a $5 million wire transfer to “Hudson West III,” a joint venture involving Hunter Biden and CEFC associate Gongwen Dong, on August 8, 2017.
  • On the same day, Hudson West III transferred $400,000 to “Owasco, P.C.,” a company owned and controlled by Hunter Biden.
  • On August 14, 2017, Hunter Biden wired $150,000 to “Lion Hall Group,” a company owned by President Biden’s brother James and sister-in-law Sara Biden.
  • On August 28, 2017, Sara Biden withdrew $50,000 in cash from Lion Hall Group, depositing it into her and James Biden’s personal checking account.
  • On September 3, 2017, Sara Biden wrote a $40,000 check to Joe Biden, characterizing it as a “loan repayment.”

The Oversight Committee’s memo argues that the account balances clearly indicate that the funds originated from CEFC and directly flowed into Joe Biden’s account.

The White House has dismissed these claims as “lies and conspiracy theories,” with spokesman Ian Sams asserting that the $40,000 was a short-term loan from Joe to James, repaid in less than two months. However, the Committee argues that even if this were a loan repayment, it still demonstrates how Joe Biden benefited from his family capitalizing on his name, with money tied to China, raising concerns of potential corruption.

As the House Oversight Committee continues its investigation, the implications of these findings could have serious consequences for the President, potentially providing grounds for impeachment based on allegations of financial impropriety and conflicts of interest. Joe Biden’s previous assertion of never receiving foreign funds in his life now faces scrutiny in light of these revelations.

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13 Comments

  1. frank stetson

    These people lie and spin with Trumpian like resolve. I can’t even understand what they are trying to say. They need diagrams… Plus it always seems like the same data with a “brand new” slapped over the left hand top corner at a 45 degree angle with a star cluster…..

    Try another vantage point, and note: this folks have the supporting documentation….. *https://amp.cnn.com/cnn/2023/10/31/politics/fact-check-evidence-supports-democrats-case-that-joe-biden-made-a-personal-loan-to-his-brother/index.html* A much better story than Oliver’s right-wind blogosphere cut n paste without looking further…..

  2. Andy

    WHY would Republicans want hard evidence that nothing happened? Isn’t being a Republican all about fake news and made up stories?

  3. Darren

    How deep is the hole that Frank and Andys heads are in.
    Better come up for air and see the truth one day.
    So you think Biden the COMMANDER and QUEEF did not Shoot down a Chinese Balloon flying over the U.S.
    because he thought it was his Take out?
    Get a grip on reality!

  4. frank stetson

    Darren, this happened all the time on Trump’s watch and he was too stupid to even know: At least three spy balloons crossed the US under the reign of Trump. He didn’t even know it. At least the Biden administration improved the system so that the President was made aware, unlike Trump who stayed in the dark about it. Makes you wonder what else he didn’t know. But he did sit in on the FBI building move that might have affected his hotel profits, or should I say his son’s hotel profits — wink, wink, nudge, nudge. Guess no profit in Chinese balloons.

    Darren, perhaps you should take your head out of your ass before accusing others for that which you do so well, so often.

    Anyone with half a brain could see Comer’s testimony is crap the way Oliver presents it. Horist laughs at him. Probably.

  5. frank stetson

    My turn. You’ve read this POS, hopefully you will flesh out the facts with the CNN piece that includes documentation Comer has but said, “nah, not relevant since it changes the spin.”

    Impeach? screams the headline talking about an “alleged” transfer to the “big guy” “supposedly” getting 10% of which this number Comer says is the smoking gun is clearly not 10% but who cares cuz Comer says it “marks the first concrete evidence of the Commander-in-Chief benefiting from his family’s foreign income.” So “concrete” that it’s “alleged” and iron-clad as “supposedly” rock-solid new evidence that we all heard six months ago as “brand new.” Come on man, “concrete” is never “alleged” or “supposed.” He’s telling you he’s lying but can’t even muster the career-busting move to really says he’s got the stuff. Gotta to weasel-word the cya cuz Oliver is not sure it’s concrete.

    And the money is noted as a loan repayment that Comer says, unequivocally, beyond any Comer shadow of a doubt: “turns out that $40,000 in laundered China money landed in Joe Biden’s bank account in the form of a personal check.” Well, smack my face and call me silly, Comer coming to get ya Joe. At least on Hannity….

    The CNN article I posted made it pretty clear, via documentation, that the money indeed is for a loan with the biggest penalty perhaps being a lack of interest, although who hasn’t been guilty of that in family financials.

    Yes, people pay Hunter lots of money, presumably for access. Some may pay him to provide the optics of access. If you were Chinese, this current Comer hack job probably looks like “mission accomplished” whether they get Joe impeached or not, the Chinese may have already profited from wasting Comer’s time. People also buy Hunter’s art, what’s up with that?
    “The Oversight Committee’s memo argues that the account balances clearly indicate that the funds originated from CEFC and directly flowed into Joe Biden’s account” as the CEFC money went to Hunter, then to Hunter in another company form, then a different amount went from that account, not the Chinese, to James and his wife’s company, then wife withdrew a different amount from her company, and then she paid off the loan to Joe, and did something else with the extra 10K. Where did that go? To Comer allegedly, supposedly so that he could buy sex slaves or something. Probably, maybe, something, beyond a shadow of a doubt. Concrete.

    This SHOCKING revelation of new news comes based on the old news out there for months, half a year at worst, that Comer rolls out whenever the spotlight turns another direction. Read the CNN article — it is a loan. Biden may have never even known any China connection. Good luck. These folks really need to up their game. It’s one thing to roll out the same ole shit over and over, but to say “concrete” at the same time as “supposedly” and “allegedly” is some really weak tea.

    It’s at the same level of proof as saying: Look, Ivanka got all those Chinese trademarks just before Dad, the Prez, “President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!” NYTimes/Trump Tweet. Time to bring Mueller back —- it’s rock-solid……concrete. Even the Trump Russia debacle looked stronger.

    That said, please investigate away, I think enough smoke is there to call for that. But enough with the trial by Hannity, conviction by Fox. Either call it like it is, or don’t call it at all.

  6. Darren

    Walks, Craps, Quacks like a Duck?
    Its a DUCK!

    • Mike f

      Darren, Just one question here-why would the Chinese government be paying money for joe Biden’s services after he left government? It was widely assumed, after he opted not to run against Hillary, that he was through with government service. Just another example of republicans attempting to dig dirt up on democratic candidates (or have you forgotten the ‘lock het up chants at trumps rallies?) just more bullshit that the Republican leaders throw at their ever gullible constituency….

  7. frank stetson

    If that was the case, Trump would not have “ducked” Russiagate. I mean, hundreds of meetings with Team Trump and the Russians ——- before he was elected?

    If that was the case, you would admit Trump grabs em by the pussy all the time.

    If that was the case, you would admit Trump cheated his way in business, over and over.

    If that was the case, you know already he’s goin down in Georgia for trying to rig the election by fabricating votes.

    if that was the care, oh come on man, all those documents???

    and then there’s still DC……..defrauding America and while the duck has not landed, there’s so many duck spotters out there willing to quack in open court, it really looks bad.

    But liable for digital rape, defamation, business is convicted criminal empire, defrauded students, stole from his own charity foundation, —— all of this is ON THE RECORD that you refuse to accept, believe, care about or probably all of the above.

    Wake up and smell the coffee. Biden is worthy of investigation based on Hunter’s escapades. Trump is liable and guilty already with seemingly much more to come. It’s all over for you except the crying. I would suggest you move on. DeSantis or Halley…..

  8. THOMAS

    Impeach Joe Biden NOW ! … Then arrest him for TREASON ! … Then Hang the SOB and let him ROT IN THE SUN !

  9. Darren

    TRUMP! TRUMP! TRUMP!

  10. JPop

    Oh no…not Joe. Say it isn’t so. I find it so unbelievable. Man.

  11. Robin W Boyd

    When are we going to get more than “evidence” of crimes against the so obviously corrupt Biden’s? Is the U.S. so controlled by Progressive Democrats supported by Socialist billionaires and Communist Chinese that we cannot bring the politically corrupt to justice? Have we already lost the U.S. to the One World Socialist Order fascists?

    • Frank stetson

      It’s a Republican house investigation in a house controlled by Republicans. If there was inconvertible damaging evidence, you would know.

      So obviously corrupt? You mean Trump right?

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