House GOP reveals documents on Biden family’s shady financial history: 'What business are they in?'

"These were set up when Joe Biden was vice president. And what is the business? What business are they in?"

Libby Emmons Brooklyn NY
House Republicans revealed bank records on Wednesday morning that indicate that the Biden family both lied about receiving money from foreign entities during Biden's stint as Obama's VP, and that multiple members of the family, including grandchildren, received payments. It is not specified what the payments are for, but speculation of influence peddling and bribery abounds. The records were obtained via subpoenas to four different banks.

The Congressmen detailed, at length, the multiple shell companies and LLCs created by the Biden family that then received in excess of $10 million from entities in Romania and China, with no clear picture of just what was being paid for.

"What are the Biden businesses?" Comer asked. "What business? What we read in the press about 'Well, these were legitimate business deals that were done after Joe Biden's president.' That's not true. These were set up when Joe Biden was vice president. And what is the business? What business are they in?"

This money was distributed not only among the Biden's in the public eye, but grandchildren, and the late Beau Biden's wife Hallie. And there is no discernible reason why. Those who received funds, per the House GOP, were James Biden, his wife Sara Jones Biden, Hunter Biden, Hallie Biden, Hunter's ex-wife Kathleen Buhle, along with his current wife Melissa Cohen, and three grandchildren either of Joe or his brother James. 

"So we're talking about grandchildren, a grandchild," Comer said. "That's odd. Most people that work hard every day's grandchild doesn't get a wire from a foreign national or anything like that."

The money from China came from companies with ties to the CCP, and that money, funneled through the accounts of associates, was then passed through to the Bidens. There were more than 20 companies, per these bank records revealed on the Hill Wednesday morning, that were used, essentially, to hide the origin of funds that then landed in family pockets.

Rep. James Comer explained that "millions of dollars from China" flowed into the Biden family, and stated that it is his belief that it is "inconceivable that the president did not know" about the influx of those funds.

While Biden has repeatedly said that he was not and is not involved in his son Hunter's business dealings, it turns out that he likely profited from them directly. He has also said, over and over again since the 2020 presidential election, that the family has not received money from China. That, it turns out, is likely false–though one must dig through layers of financial records to connect those dots.

Sixteen of those limited liability companies that doled out cash to the Biden family after service through intermediaries were created while Biden was VP. Payments were distributed both while Biden was in office, and after he left the vice presidency.

It was clear that the House GOP is seeking that ever-elusive "smoking gun," but as Rep. Nancy Mace said, what they have uncovered so far amounts primarily to "financial gymnastics." Payments went through multiple hands before landing in the Bidens' palms, and the speculation is that there were these multiple companies employed in order to obfuscate the origins of the funds and to reduce the ability of anyone to question either that origin or their purpose.

Funds came from Romania between 2015-17, the House GOP said, that "bear clear indication of a scheme to peddle influence." Biden gave a speech in Romania about the dangers of government corruption just as his family was receiving funds for unspecified reasons from Romanian companies.

Those funds totaled more than $1 million and came from a company headed by a Romanian man who has been accused of corruption himself. The money went to an associate, then to Bidens. Almost all of these 17 payments occurred while Biden was second in command under Obama. Rep. Comer explained that the money stopped shortly after Biden's influence waned.

These details, the House GOP confirmed, are only the beginning. They are seeking to obtain more records from up to 12 banks, and while they have not yet made a direct connection between the Bidens, funds received, and action taken on behalf of the payer of those funds, they are, they explained, only at the beginning of their investigation.

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