House Republicans presented evidence of a massive network of illicit dealings involving the Biden family, including:
- The Biden family received, and tried to hide, over $10 million in payments from foreign nationals
- A previously undisclosed $1 million in Romanian-linked payments
- Ties to Romanian ‘influence peddling’
- A ‘web’ of 20 LLCs created while Joe Biden was Vice President with a ‘complicated corporate structure’
- ‘At least 15’ of the LLCs were formed after Biden became VP in 2009 – several of which were owned or co-owned by Hunter
- These LLCs accepted payments ranging from $5,000 to $3 million
- The committee wants to know what legitimate business the Biden family was in
A memorandum reads: “Biden family members and business associates created a web of over 20 companies—most were limited liability companies formed during Joe Biden’s vice presidency,” as reported by Zero Hedge. “Bank records show the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ companies. The Committee has identified payments to Biden family members from foreign companies while Joe Biden served as Vice President and after he left public office.”
“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,” Rep. James Comer (R-KY) continued.
The letter details the Biden family’s attempts to obscure, mislead, and conceal their financial origins, including money from China, which Joe Biden claimed was “not true.”
“It is inconceivable that the president did not know it, and the White House refuses to correct the President’s statement … the president is now using the federal government to run interference for his family and his own role in these schemes,” Comer said during the press conference.
More via the Daily Mail:
The Romanian transactions outlined in the bank records released by the committee were from Cypriot – a company controlled by Gabriel Popoviciu, who was at the time under investigation for criminal corruption in Romania and later convicted for bribery-related offenses.
Between 2015 and 2017, Robinson Walker, LLC received $3 million from Bladon Enterprises Limited – Popoviciu’s Cypriot company – which was then paid out to Biden family members in a total sum of over $1 million.
The first payments were received by the LLC just weeks after then-Vice President Biden hosted Romanian President Klaus Iohannis to the White House and they discussed anti-corruption policies.
Biden family accounts gained $1.038 million from Robinson Walker, LLC in a series of 17 deposits, 16 of which were made while Biden was still in the White House. The payments went to associate James Gilliar, Hunter Biden, Hallie Biden, Owasco LLC and an ‘unknown Biden bank account.’
‘It appears from bank records the Bidens were using Robinson Walker, LLC to conceal that the source of these payments was Popovici,’ the memo says.
The memo also ‘serves as a response to misinformation’ Republicans say has been spread by President Biden, Democrats in Congress and their allies regarding the China-connected findings in a first memo released last month.
On March 16, Comer released a ‘First Bank Records Memorandum’ detailing a payment of $3 million in 2017 received by Biden family associate Rob Walker from a CEFC China Energy-linked firm State Energy HK Limited.
About $1 million of that money was then passed from Walker to several Biden family members – including Hallie Biden – in more than 15 incremental payments.
“It is unclear what services were provided to obtain this exorbitant amount of money,” said Comer.
