Bidens Made Millions Exchanging Political Favors For Foreign Money, Then Tried To Cover It Up: Oversight Report
President Joe Biden and his family are at the center of an influence-peddling scheme in which they traded the patriarch’s decades of time in political offices to line their own pockets and then tried to cover up their profiteering with a myriad of complicated transactions and accounts, the House Oversight Committee confirmed during a press conference on Wednesday.
With the help of whistleblowers and congressional subpoenas, Republicans are confidently reporting that the Bidens received at least $10 million worth of diluted payments from foreign companies during and after the president’s time in the Obama White House.
These payments were diced up and transferred to a spread of Biden bank accounts within weeks of significant political action by the then-vice president in the country of the transactions’ origins.
“These complicated and seemingly unnecessary financial transactions appear to be a concerted effort to conceal the source and total amount received from the foreign companies,” the Oversight Committee’s latest memo warns.
At least nine Biden family members including the president’s son Hunter Biden, his brother James Biden, James’s wife, Hunter’s ex-girlfriend who is also his brother Beau Biden’s widow, Hunter’s ex-wife, Hunter’s current wife, and at least one grandchild and a couple of nieces and/or nephews profited from the funneling of funds.
“That’s odd,” Oversight Committee Chair James Comer said. “Most people that work hard everyday’s grandchild doesn’t get a wire from a foreign national or anything like that.”
The latest round of records, obtained by the Oversight Committee from four of the Bidens’ 12 apparent banks, detail yet another round of these payments — this time from China and Romania to the Bidens.
One $3 million payment came from the company of Gabriel Popoviciu, who is the subject of a criminal corruption probe in Romania, to the accounts of Biden family associate Rob Walker mere weeks after Biden, then-vice president, welcomed Romanian leaders to the White House to discuss “anti-corruption efforts” and just more than a year after Biden lectured in Romania about the threat corruption poses to national security. Those transactions were quickly funneled to Owasco (one of Hunter’s 15 companies), a Biden associate’s company, one of Hunter’s personal bank accounts, Hallie Biden, and “an unknown Biden bank account.”
The Romanian payments, the Oversight Committee alleges, further prove that the Bidens’ influence peddling operation was in full swing while Biden facilitated foreign policy discussions, especially in Eastern Europe, during the Obama administration.
The newest Romanian payment dilution strongly resembles how the Bidens appeared to use their more than a dozen companies to coordinate with Chinese nationals suspected of close ties to the Chinese Communist Party and “engage in financial deception.”
“The purpose of all these companies being created is to conceal money that the Biden family has been gaining because Joe Biden has been sitting at the upper echelon of our politics for almost five decades. That is the entire purpose here,” Rep. Byron Donalds explained on Wednesday.
These companies receiving funds from foreign nationals, the Republican asserted, serve no legitimate purpose other than enriching the president, his family, and his business associates.
“Joe Biden has no business, except his position in politics,” Donalds concluded.
“If it looks complicated and sounds complicated, it was intentionally made to be complicated so you could not follow the money,” Republican Rep. Nancy Mace added during her talking time. “What we’re trying to do today is show you how to follow the money.”
During a presidential debate in October 2020, Biden told the nation that neither he nor any of his family members profited from overseas business deals with companies connected to communist China.
“My son has not made money in terms of this thing about, what are you talking about, China. I have not had—The only guy who made money from China is this guy [Donald Trump]. He’s the only one. Nobody else has made money from China,” Biden said.
Despite the fact that the Oversight Committee has repeatedly proven Biden’s denials wrong with bank records detailing millions of dollars worth of transactions from foreign shell companies to the president’s family, the White House refuses to do anything but double down on the lie.
“House Oversight Committee Chairman James Comer is loudly and proudly broadcasting a press conference today to continue his long pattern of making absurd claims that President Biden has made governing decisions not in the interest of America, but of the Chinese Communist Party, using baseless claims, personal attacks, and innuendo to try to score political points,” White House spokesman Ian Sams told Fox News, after smearing the committee’s latest memo as an “absurd innuendo [that] ignores reality.”
The Oversight Committee once again rejected these claims on Wednesday and refuted them with hard evidence that several Biden family members, including Hunter, James, Hallie, an unknown “Biden,” and companies linked to the family “collectively received $1.3 million in payments” from Walker, whose company was paid millions by Chinese firm State Energy HK Limited, implicating the family in selling political favors to China.
The Biden family received the money via several bank transfers within six months of the vice president departing the Obama White House. Comer said in April that his committee still did not know who the unnamed Biden was in the China transaction because the Biden family holds so many bank accounts and LLCs.
“The Biden family needs to answer for this and the DOJ needs to get off its ass and investigate. We’ve done the work for them so that they can’t screw it up. Now, if these allegations, any of these allegations are proven true then someone with the last name Biden needs to be charged, prosecuted, and maybe spend a little time in prison,” Mace said at the conclusion of her remarks.
Last week, Republicans Sen. Chuck Grassley and Comer subpoenaed the FBI over a document they say alleges a criminal scheme between now-President Joe Biden and a “foreign national” during his years in the Obama White House.
The Oversight Committee led by Comer, who previously warned it “doesn’t look good for POTUS,” promised to continue investigating whether Biden sold out the American people to the nation’s foreign enemies to line family’s pockets.
Jordan Boyd is a staff writer at The Federalist and co-producer of The Federalist Radio Hour. Her work has also been featured in The Daily Wire, Fox News, and RealClearPolitics. Jordan graduated from Baylor University where she majored in political science and minored in journalism. Follow her on Twitter @jordanboydtx.
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