Oversight chair: Joe Biden ‘received $40,000 in laundered China money’

  • by:
  • Source: NY Post
  • 11/02/2023

Oversight chair: Joe Biden ‘received $40,000 in laundered China money’

  • by:
  • Source: NY Post
  • 11/02/2023

President Biden received $40,000 in “laundered” funds from Chinese government-linked CEFC China Energy, according to a memo released Wednesday by the House Oversight Committee.

The 2017 transfer from first brother James Biden and his wife Sara to the future president allegedly involves the same business deal in which Joe Biden was called the “big guy” and penciled in for a 10% cut — and would be the first proven instance of the commander-in-chief getting a piece of his family’s foreign income.

The $40,000 went through a “complicated financial transaction” just weeks after first son Hunter Biden threatened his father’s wrath in a July 30, 2017, text message to a CEFC employee, the Republican-led Oversight Committee said in the memo.

The money ended up in Joe Biden’s bank account on Sept. 3, 2017, via a check labeled “loan repayment” from his younger brother, who partnered with Hunter in the venture.

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Joe Biden by Gage Skidmore is licensed under flickr Gage Skidmore