The House Oversight committee has claimed that the Biden family attempted to hide the origin of funds received from foreign nationals, which amounted to millions of dollars.

According to the House Oversight and Accountability Committee, while Joe Biden was vice president, the Biden family and their business partners established over 20 companies and received over $10 million from foreign nationals. The committee suspects that some of these payments may have been an attempt to influence others. The committee's chairman, James Comer, released a memo with new information from their investigation into the Biden family's business dealings. The memo suggests that the Biden family tried to hide the source and amount of money received from foreign companies. The committee has subpoenaed four banks and received thousands of records related to specific individuals and companies that did business with the Biden family and their associates.
According to a report, the Biden family and their associates established more than 20 companies during Joe Biden's time as vice president, many of which were limited liability companies. The report also suggests that six other members of the Biden family may have gained advantages from Hunter Biden's business dealings. The companies were primarily formed in Delaware and Washington, D.C., with assistance from Hunter Biden's business partners Rob Walker and James Gilliar.
According to the memo, Hunter Biden and his business partners established a minimum of 15 companies after he became the vice president in 2009.
The list of companies comprises Lion Hall Group LLC, Owasco P.C., Robinson Walker, LLC, Skaneateles, LLC, Seneca Global Advisors, LLC, Rosemont Seneca Partners, LLC, Rosemont Seneca Principal Investments LLC, Rosemont Seneca Bohai, LLC, Hudson West III, LLC, Hudson West V, LLC, CEFC Infrastructure Investment (US), and several others.
According to a memo, bank records indicate that the Biden family, their associates, and their businesses received more than $10 million from foreign companies. The memo also states that payments were made to Biden family members from foreign companies during Joe Biden's time as Vice President and after he left public office. The Biden family allegedly used their associates' companies to receive money from foreign companies, and the payments were made incrementally over time to different bank accounts. The memo also suggests that Biden associates received large deposits from foreign sources into their bank accounts and then transferred smaller payments to Biden's bank accounts. The White House has criticized the GOP for conducting an "evidence-free" investigation into the Biden family.
The financial transactions in question are complex and appear to serve the purpose of concealing the source and amount of money received from foreign companies. The committee claims that Chinese individuals and companies with ties to Chinese intelligence and the Communist Party used domestic limited liability companies to hide the origin of the funds. The committee is investigating the intricate corporate structure of companies associated with the Biden family, their connections with each other, whether they kept proper records, and why foreign nationals sought to do business with specific members of the Biden family and their companies. The committee suspects that the Biden family may have received money from foreign nationals attempting to influence the United States.
The term "policy" refers to a set of guidelines or rules that are established by an organization or government to guide decision-making and behavior.
The committee found out that Hunter Biden, with the help of Rob Walker, was given over $1 million by a foreign company that is said to be under the control of Gabriel Popoviciu, who is being investigated and prosecuted for corruption in Romania.
In 2014 and 2015, the former Vice President Biden held meetings with Romanian officials to discuss corruption in the country. However, in 2017, his son Hunter Biden sent a message to the Chairman of a Chinese energy company, expressing good wishes from the entire Biden family and requesting a $10 million wire transfer. The committee is worried about the Biden family's tendency to seek business opportunities in areas where the former Vice President had significant influence and impacted US policies.
The memo stated "the policy".
According to a committee, there is evidence that the Biden family and their associates were involved in a plan to sell their influence in Romania between 2015 and 2017. The committee discovered that not only did Hunter Biden, James Gilliar, and Rob Walker receive money from foreign sources, but James Biden, Hallie Biden, and other members of the Biden family also received payments from foreign entities. The committee provided details of the payments received from Chinese and Romanian individuals and businesses.
The memo specifically mentions two individuals, Ye Jianming and Gongwen Dong, in relation to China and cautions that a specific business venture involving them could potentially endanger American national security. These individuals were linked to Hunter Biden's partnership with CEFC, a Chinese energy corporation.
Sources have revealed that Hunter Biden is currently being investigated by federal authorities for his "tax affairs" and his connections to Chinese funds have also come to light. According to a memo, Ye, who had close connections to the Chinese Communist Party, was detained by the CCP in 2018 and was reportedly the deputy secretary-general for an international outreach arm of the People's Liberation Army.
According to the memo, the Bidens were given millions of dollars through their partnership with China.
Hunter Biden tried to distance himself from his association with Ye after the latter was detained by the Chinese authorities. He did so by stating that he had never received any payment from CEFC.
The statement was not true. According to the memo, Ye sent a $24 million wire to Hunter's company, Hudson West V.
Hunter's company, Owasco, P.C., received a wire transfer of $100,000 from CEFC. Additionally, emails revealed that Biden wrote a recommendation letter for the son of Hunter's business partner in China. The Senate report from 2020 disclosed this information on August.
On August 8th, 2017, CEFC transferred almost $5 million to the bank account of Hudson West III, a company that Hunter Biden established with Chinese partners.
In 2020, Fox News Digital was the first to report that Hunter Biden had asked for keys to be made for his new "office mates." These included his father, Jill Biden, and his uncle, Jim Biden. Hunter planned to share the space with Gongwen.
According to the memo, the Biden family and their associates worked with Chinese individuals and companies to engage in financial deceit. The memo also states that several members of the Biden family received money from Chinese sources through the Robinson Walker, LLC account, and that Hunter Biden received money directly into his company's account from a Chinese-controlled entity.
According to the memo, the Committee will persist in the process of making arrangements with individuals who have not been cooperative in the investigation.
The Committee intends to collect more bank records soon and persist in tracking the flow of money. Text messages from a business associate of Hunter Biden suggest a meeting with Joe Biden. The Committee is dedicated to uncovering deceit, inefficiency, and misuse of resources that occur within the upper echelons of the federal government.
The White House criticized the committee's investigation, calling it "politically motivated" and lacking evidence. Additionally, they have consistently stated that President Biden has never been involved in his son's business affairs. To obtain the Fox News app, click on the provided link.
This report was aided by Kelly Phares from Fox News.