“We’ve followed the money and identified how Joe Biden received $40,000 in laundered China money. @RepJamesComer lays out the money trail,” the GOP House Oversight Committee reported in a social media post Wednesday, introducing a video of Chairman James Comer (R-KY) flow-charting the money trail.
“Remember when Joe Biden told the American people that his son didn’t make any money in China?,” Comer asks in the video, before showing Biden’s denial during a debate with then-President Donald Trump:
“My son has not made money, in terms of this thing about, what are you talking about, 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,” Comer said. “And, the Oversight Committee has it.”
“Here’s how Joe Biden benefited from his family’s shady deal with CEFC, a Chinese Communist Party-linked company,” Comer explained:
“It all began with a shake-down, in the Summer of 2017, when Hunter Biden sent a message to his CEFC associate, demanding a $10 million capital payment. As Hunter Biden extorted this associate, Hunter claimed he was sitting with his father, and that the Biden network would turn on his associate, if he didn’t pony up the money.
“The extortion scheme worked. Days later, five million dollars flowed in from a Chinese affiliate of CEFC. Over the following three weeks, Biden family members made a series of complicated financial transactions to hide the source of the China money.”
“Here’s how that happened,” Comer says, displaying and describing a flow-chart of the money trail.
What's more, it doesn’t matter that the memo section of the check to Joe Biden says “loan repayment,” Comer explains:
“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.
“Without his family peddling his name, and his son threatening a CEFC associate with consequences that he said Joe Biden knew about, James wouldn’t have had the money to write the $40,000 check to his brother, Joe.”
“It’s also worth remembering that Biden Family efforts to secure millions from this Chinese company began when Joe Biden was still vice president,” Comer says:
“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 interest behind his own desire for money.”