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Joe Biden received $40,000 in laundered CEFC China Energy Co. money in 2017 from the account of his brother, James Biden, and sister-in-law, Sara Biden, once again in the form of a personal check labeled as a “loan repayment,” House Oversight Committee Chair James Comer uncovered Wednesday in a newly released bank records memorandum.instance Joe Biden personally accepted a suspicious personal check from his brother James, who was involved in the Biden family’s overseas business ventures.
“The extortion scheme worked,” Comer said in a statement. “It all began with a shakedown in the summer of 2017, when Hunter Biden sent a message to his CEFC associate demanding a $10 million capital payment.” “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,” added Comer, a former bank board member.
The revelation comes after Comer disclosed that Joe Biden received a $200,000 check from James Biden in 2018 — also noted as a loan. Comerthe $200,000 payment is suspicious because the money flowed through a distressed entity, Americore, which loaned James Biden a total of $600,000. James Biden and the White Housethe check was not due to a pre-existing business relationship. James Biden insisted the money was a return payment for money Joe Biden lent him.
“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,” Comer said. “But even if this $40,000 check was a loan repayment from James Biden, it still shows how Joe benefited from his family cashing in on his name – with money from China no less.”James Biden.
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