House Oversight Committee Chair James Comer (R-KY) on Monday blew holes into James Biden’s reason for allegedly cutting President Joe Biden a $200,000 check in 2018, claiming it is a story contrived “out of their rear end.”

James Biden, Joe Biden’s brother, denied the $200,000 check he gave Joe Biden was due to a pre-existing business relationship. He insisted the money was a return payment for money Joe Biden lent him.

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. On March 1, 2018, Americore wired James Biden $200,000. That same day, James Biden sent Joe Biden a $200,000 check.

Comer, who subpoenaed James Biden’s financials in September, said James Biden’s financials contradict his claims.

Comer told Fox Business on Monday:

This check that Jim Biden wrote to Joe Biden came on the same day he received a 200,000-dollar loan from a company that was on the verge of bankruptcy and today is bankrupt. On the check to Joe Biden, his brother put “loan repayment.” Now, the White House is saying that Joe Biden loaned his brother money. I don’t believe he did.

Let’s say they pull something out of their rear end that says Joe Biden loaned Jim Biden money — either way, we have his [James Biden’s] personal bank records. I can say, with confidence, he had no money to pay Joe Biden back other than that 200,000-dollar wire that came from Americore Health company.

Comer continued to explain the incident Monday on Real America’s Voice, saying, “So either Joe Biden was paid $200,000 as part of the influence-peddling scheme payback, kickback, dividend, or Joe Biden actually made a loan to his brother, and because his brother influence-peddled Americore Health, he paid him back $200,000.”

Then-Vice Presidential candidate Joe Biden (L) and his brother James Biden during the Democratic National Convention in Denver, Colorado, in 2008. (Rick Friedman/Corbis via Getty Images)

“Either Joe Biden made $200,000 or he didn’t lose $200,000. Either way, Joe Biden is $200,000 better off today because of his family’s influence-peddling scheme,” Comer added. “And like everything else, we know that Joe Biden met the CEO, we know that Jim Biden made a pitch for Americore Health that he could help them get all sorts of money from the Middle East through his brother’s contacts in the Middle East.”

“This is classic influence-peddling 101, and Joe Biden, as is always the case, was front and center. But this time, we have the hard evidence that he benefited $200,000,” he said.

Comer believes the Biden family opened more than 20 shell companies to hide payments and launder money. Comer’s analysis is especially relevant because he previously served as a bank board member before serving in Washington, DC.

The committee chairman is not the only member of Congress who says the Bidens laundered money. “We finally have direct evidence of money laundering,” Rep. Marjorie Taylor Greene (R-GA) exclusively told Breitbart News on Friday. “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. What you do is you basically buy a company that’s going bankrupt, or invest in a company that’s going bankrupt, to save the company, and then you run money through it — through criminal enterprises,” she said. “In this case, that was selling out Joe Biden’s power and influence.”

Follow Wendell Husebø on Twitter @WendellHusebø. He is the author of Politics of Slave Morality.