The memorandum continued, explaining that “despite creating many companies after Vice President Biden took office, the Biden family used business associates’ companies to receive millions of dollars from foreign companies. After foreign companies sent money to business associates’ companies, the Biden family received incremental payments over time to different bank accounts. “These complicated financial transactions appear to conceal the source of the funds and reduce the conspicuousness of the total amounts made into the Biden bank accounts. Chinese nationals and companies with significant ties to Chinese intelligence and the Chinese Communist Party hid the source of the funds by layering domestic limited liability companies.” The Kentucky Republican told journalists in a May 10 news conference that stacks of Suspicious Activity Reports (SARs) his committee obtained from the Department of Treasury and information received from whistleblowers leave little doubt that the scheme’s only product was selling access to the senior Biden during his vice-presidential tenure and thereafter. Hunter Biden attends a Presidential Medal of Freedom ceremony honoring 17 recipients, in the East Room of the White House in Washington, on July 7, 2022. (Saul Loeb/AFP via Getty Images) Comer’s comments follow more than five years of steadily increasing media reports, first sparked in 2015 when it was learned that Hunter Biden, the president’s son, was appointed to the board of directors of Burisma, a controversial Ukrainian energy firm, and was paid more than $50,000 a month despite having no experience in the field. Then Vice-President Biden had a major role in determining American energy policy at the time. With Europe moving rapidly to lessen its long-standing dependence on Russian natural gas, Burisma was in a position in which American influence could be decisive. But Burisma was only part of the collection of LLCs revealed by the SARs which make clear that Hunter and Jim Biden, the president’s brother, have been linked to multiple foreign governments, government officials, celebrities, and state-controlled corporations in China, Russia, Romania, Ukraine, and elsewhere. “The committee has uncovered evidence indicative of influence peddling and financial deception warranting further investigation and legislative solutions,” the memorandum said. The memorandum also highlighted multiple past statements by President Biden in which he has firmly denied having knowledge of his son’s business activities or assisting them through his public offices in any manner. Soldiers of the People’s Liberation Army’s Honour Guard Battalion march outside the Forbidden City, near Tiananmen Square in Beijing, China, on May 20, 2020. (Kevin Frayer/Getty Images) “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,” was how Biden put it in a statement quoted by the memorandum. “The bank records refute President Biden’s statement. To date, President Biden has continued to deny that his family received money from China—despite bank records proving otherwise. In 2017 alone, bank records show President Biden’s family and their related companies received millions of dollars from Chinese foreign nationals’ companies. This amount does not include payments from Ukraine, Kazakhstan, Mexico, Romania, Oman, or other foreign business deals the Committee is investigating,” the memorandum said. The White House issued a statement in response to Comer even before his news conference began, with Ian Sams claiming the event was nothing more than “a continuation of 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.” Sams is Special Assistant to the President and the designated White House spokesperson on the Hunter Biden and related corruption investigations. PREVIOUS: Republican Kentucky Rep. James Comer said Wednesday on “Fox & Friends” that “bank records don’t lie” as he teased a bombshell drop on the Biden family scandal. Comer, who is the House Oversight Committee chairman, is holding a presser to cover the Biden family’s alleged “criminal scheme” involvement. Comer told “Fox & Friends” that financial records show the Biden family made more than $1 million in business dealings and will present details about alleged wire transfers that occurred. White House spokesperson Ian Sams slammed Comer in a statement, saying 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.” Comer responded Wednesday. (RELATED: Rep. Comer Suspects ‘At Least 12’ Biden Family Members Were Involved With Foreign Business Dealings) “What a joke, I mean, first of all, they are calling a press conference a political stunt? I remember when our political leaders used to have press conferences, and used to answer questions from the media.” And I remember when the media used to want to ask substantive questions to our leaders. So, having a press conference, disclosing the facts is not a political stunt. And, secondly, bank records don’t lie. And that’s what we are going to present to the American people today, bank records,” he continued. Read more at: YourNews.comNEW - House Oversight reveals the nine Biden family members that received wire transfers from foreign nationals via shell companies.
1. Hunter Biden 2. James Biden 3. Sara Biden 4. Hallie Biden 5. Kathleen Biden 6. Melissa Biden 7. Niece/nephew 8. Niece/nephew 9. Grandchild pic.twitter.com/tEer3O1e4E — KanekoaTheGreat (@KanekoaTheGreat) May 10, 2023
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