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 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:

1. 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.
2. 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.)
3. 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.
4. 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.
5. 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.
6. 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.

Fourth Bank Records Memo (Source: House Oversight Committee) by Breitbart News on Scribd

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