House Republicans have claimed to have uncovered a $200,000 payment made to President Joe Biden by his brother James Biden in 2018. House Oversight Committee Chairman James Comer claimed in a video posted on X that James Biden had given the president a check to repay him for a loan.
“Bank records obtained by the House Committee on Oversight and Accountability have revealed a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check,” Comer states.
He noted that James Biden “received $600,000 in loans from Americore —a financially distressed and failing rural hospital operator.”
James Biden played a key role together with his nephew, Hunter Biden, in the family’s venture with the Chinese military intelligence-linked CEFC China Energy and State HK Limited, a subsidiary of CEFC China Energy.
Evidence Transaction Was Illicit Lacking
Comer, however, did not provide evidence the payment was linked to any of the potentially illicit transactions that he had been involved with in China or elsewhere.
He claimed that bank records showed that James Biden had tried to cash in on the Biden name.
“According to bankruptcy court documents, James Biden received these loans based upon representations that his last name Biden, could open doors; and that he could obtain a large investment from the Middle East based on his political connections,” Comer said. “On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account—not their business bank account,” he continued. “And then, on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.”
This proves that James Biden exchanged money with his brother; however, it’s not as if James Biden received money from CEFC Energy CEO Ye Jianming, who had direct ties with Chinese military intelligence and then deposited it into Joe Biden’s bank account.
Comer admitted the transaction was underwhelming but said it was “a personal loan repayment, it’s still troubling that Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings.”
Comer Wants More Information
The committee chairman wants documentation from the president concerning the terms of the interpersonal loan.
“Some immediate questions President Biden must answer for the American people: Does he have documents proving he lent such a large sum of money to his brother and what were the terms of such financial arrangement?” Comer asked. “Did he have similar financial arrangements with other family members that led them to make similar large payments to him?”
Joe Biden claimed during the 2020 election campaign that he “never discussed with my son, or my brother … anything having to do with their businesses” and was not responsible for their actions.
Republicans announced they would be looking into the Bidens’ bank records when they launched their impeachment inquiry last month.
“We’re still digging into evidence subpoenaed from bank accounts belonging to Hunter Biden, the son of President Joe Biden, and James and Sara Biden — the brother and sister-in-law of the president,” Comer said Friday.
WH Dismisses Claim
Democrats are dismissing the latest revelations as a nothingburger.
White House spokesman Ian Sams said “President Biden didn’t do anything wrong,” but declined to offer more specific information on the loan James Biden repaid on the day that the $200,000 changed hands.
“After rummaging through thousands of pages of a private citizen’s bank records, they have again turned up zero evidence of wrongdoing by President Biden — and that’s because there is none,” Sams said. “This entire exercise has become a self-debunking wild goose chase that’s only turning up evidence that President Biden did nothing wrong.”
John Rossomando is a defense and counterterrorism analyst and served as Senior Analyst for Counterterrorism at The Investigative Project on Terrorism for eight years. His work has been featured in numerous publications such as The American Thinker, The National Interest, National Review Online, Daily Wire, Red Alert Politics, CNSNews.com, The Daily Caller, Human Events, Newsmax, The American Spectator, TownHall.com, and Crisis Magazine. He also served as senior managing editor of The Bulletin, a 100,000-circulation daily newspaper in Philadelphia, and received the Pennsylvania Associated Press Managing Editors first-place award for his reporting.
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