Joe Biden Received $40,000 in Laundered Money from China: U.S. House Oversight Committee

"Remember when Joe Biden told the American people that his son didn’t make money in China?" asked the House Committee on Oversight and Accountability Chairman Comer.

WASHINGTON – In a Wednesday press release, the U.S. House Committee on Oversight and Accountability, led by Chairman James Comer (R-KY), unveiled evidence suggesting that President Joe Biden received $40,000 in laundered money connected to China.

The alleged transaction involved several members of the Biden family and companies linked to the Chinese Communist Party (CCP).

"Remember when Joe Biden told the American people that his son didn’t make money in China?" asked Chairman Comer in a video accompanying the release. "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."

The sequence of transactions reportedly began in July 2017.

"Hunter Biden demanded payment from his Chinese Communist Party (CCP)-linked associate," the press release states.

Following this, "On August 8, 2017, 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."

Subsequent transactions between various companies and individuals funneled money, eventually leading to a personal check issued to Joe Biden.

Describing the events, the release provides a step-by-step breakdown:

• First, Northern International Capital wired $5,000,000 to Hudson West III.

• Then, Hudson West III sent $400,000 to an entity owned and controlled by Hunter Biden.

• Next, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by Joe Biden’s brother James and sister-in-law Sara Biden.

• The web of transactions culminated on September 3, 2017, when Sara Biden cut a check to Joe Biden for $40,000 for a “loan repayment.”

Chairman Comer points out the significance of this alleged transaction, arguing, "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."

Drawing connections to prior allegations, the press release also notes a previous $200,000 payment made to Joe Biden from a bankrupt healthcare company, Americore.

"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,” Rep. Comer said.

Raising concerns over potential consequences of such dealings, the Kentucky representative concluded, "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."

The House Oversight Committee assures it "will continue to follow the money and will hold President Biden accountable for his corruption."