Biden received $40K ‘loan repayment’ funded by China from brother’s account, bank records indicate – IOTW Report

Biden received $40K ‘loan repayment’ funded by China from brother’s account, bank records indicate

JTN:

Before becoming president, Joe Biden received a $40,000 check marked as a “loan repayment” from his brother’s account, but the money may have come from a Chinese company, according to evidence released Wednesday by House Oversight and Accountability Committee Chair James Comer, R-Ky.

The money trail began when first son Hunter Biden demanded in July 2017 that Raymond Zhao, an associate linked to the Chinese Communist Party and the now-bankrupt CEFC China Energy, pay him $10 million, according to Comer. 

File

House Oversight and Accountability Memo 11.1.23.pdf

Northern International Capital, a Chinese company connected to CEFC, sent $5 million in August 2017 to Hunter Biden’s company.

Later that month, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by Biden’s brother, James Biden, and his sister-in-law Sara Biden, evidence shows. Days later, Sara Biden took out $50,000 in cash from Lion Hall Group and then deposited it into her and James Biden’s personal account that same day. The following week, Sara Biden sent a $40,000 check to Joe Biden marked as a “loan repayment.” more

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