House Oversight Committee Chairman James Comer has released subpoenaed bank records proving that a business entity set up by Hunter Biden made monthly payments directly to his father, President Joe Biden, after receiving them from China for questionable business dealings.
This and other foreign business deals have been at the center of the committee's investigation, which is looking not only into foreign business ventures involving members of the Biden family but also whether and how much President Biden profited from these dealings.
In a video message, Comer specified: "This wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world."
The information came after a September subpoena of the business and personal bank records pertaining to the accounts of Hunter and the president’s brother, James. So far, the committee has found more than 20 different shell companies used for these influence peddling schemes.
The business entity created by Hunter, Owasco PC, set up its bank account to make monthly payments to Joe at least three times at the end of 2018 following a series of complicated transfers. A Chinese company sent $5 million via wire to a bank account belonging to Hunter Biden. He then transferred $400,000 of it to the Owasco PC account. Then, the funds were transferred to one of James Biden’s business accounts before later being transferred to a personal account in the names of James Biden and his wife, Sarah. These funds were used to issue Joe a $40,000 check that was labeled as “loan repayment.”
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Comer stated: "Payments from Hunter’s business entity to Joe Biden are now part of a pattern revealing Joe Biden knew about, participated in and benefited from his family’s influence peddling schemes."
Hunter is currently under investigation by the Department of Justice for tax evasion related to Owasco PC as well as other crimes that have been described by Comer as “serious.”
This is just the latest in a series of evidence that has been released by the committee recently as it continues its impeachment inquiry into Biden. Comer has also released copies of checks written by the Biden family to Joe that total $240,000.
According to Comer, the timing and the movement of the funds between the different accounts signifies that some of the money the Biden family received from its foreign dealings eventually made its way to Joe Biden.
Biden family raked in more than $20 million from questionable dealings overseas
Interviews with associates of Hunter Biden, such as Devon Archer, along with bank records and IRS testimony, indicate that the Biden family and its associates raked in more than $20 million from questionable dealings with various entities in Russia, Ukraine, China and other countries.
Moreover, Joe participated in group phone calls that included his son Hunter as well as his business partners. Testimony shows that the DOJ pressured investigators with the IRS to hold off on interviewing Joe as part of the investigation into Hunter Biden’s tax crimes.
“When Joe Biden was Vice President, he spoke by phone, attended dinners and had coffee with his son’s foreign business associates,” Comer stated. “He allowed his son to catch a ride on Air Force Two at least a dozen times to sell the ‘Biden Brand’ around the world.
Comer has called out Biden for numerous lies, including stating that his family has not received money from China and that he never spoke to Hunter about the family's business deals. He has vowed to continue to investigate Joe's involvement in his family's business dealings and called for the president and his family to be held accountable for their corrupt activities.
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