Rep James Comer (R-KY) of the House Committee on Oversight and Accountability yesterday revealed: We have evidence on President Joe Biden receiving bribe money. In 2017, Hunter Biden arranged for a shakedown of China’s energy giant CEFC, and uncle James Biden and father Joe Biden were cut in for their shares. A 12-page memo put together by the committee’s majority staff makes the case. It includes a photo of the $40,000 check made out to Joe Biden.
First, Hunter and Joe Biden’s brother James began working with CEFC in 2016, while Joe Biden was still Vice-President. CEFC committed to investing $10 million in a joint venture with the Bidens, which a note found on Hunter Biden’s abandoned laptop said would include a 10% stake for “the big guy,” widely understood to mean his father. Hunter got $250,000, uncle and aunt James and Sara Biden got $110,000; and Joe received $40,000—or 10%. The sequence:
1. On July 30, 2017, Hunter sent CEFC associate Raymond Zhao a WhatsApp message, demanding to know where the money was: “Please have the director call me… tonight. I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled. I am very concerned that the Chairman has either changed his mind and broken our deal without telling me or that he is unaware of the promises and assurances that have been made have not been kept. Tell the director that I would like to resolve this now before it gets out of hand. And now means tonight. And Z [Zhao] if I get a call or text from anyone involved in this other than you, Zhang or the Chairman I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction. All too often people mistake kindness for weakness—and all too often I am standing over top of them saying I warned you.”
2. A response from Zhao, dated July 31, said that CEFC was “willing to cooperate with the family.” According to Comer, this was proof “the extortion scheme worked.”
3. On Aug. 8, 2017—Northern International Capital, a CEFC front, sent a $5 million wire to Hudson West III—a front company Hunter had set up five days before with CEFC’s Gongwen Dong.
4. On Aug. 8, 2017—Bank records show that Hunter withdrew $400,000 from Hudson West III to another company he owned, Owasco PC.
5. On Aug. 14, 2017—Hunter wired $150,000 from his Hudson West III account to the company owned by James and Sara Biden, called the Lion Hall Group. Prior to that transaction, the account held less than $2,000.
6. On Aug. 28, 2017 or thereabouts, $50,000 was transferred from the Lion Hall account to the personal checking account of Sara and James Biden, which had held less than $47.
7. Sept. 3, 2017, they cut a personal check to Joe Biden for $40,000, with “loan repayment” written in the memo section. The $40,000 is exactly 10% of the amount Hunter had withdrawn from the CEFC wire the month before.
Representative Comer commented: “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. And the Oversight Committee has it…. Joe benefited from his family cashing in on his name—with money from China no less—from his family peddling his name and his son threatening a CEFC associate with consequences that he said Joe Biden knew about.”
