Joe Biden "played a central role in his family's money-making system," according to a one-year congressional investigation led by Kentucky Republican politician James Comer, chairman of the federal House Oversight and Accountability Committee, which found nearly $30 million in the presidential, or otherwise known, first family. paid to your accounts.
In 2023, Comer stated that "we've never seen a presidential family receive such sums of money" from foreigners, including America's "adversaries."
In his new book, Comer (R-Ky.) details how Biden's son Hunter and brother Jim peddled the "Biden Brand" to foreign governments and entrepreneurs to raise money.
“I can honestly say that I am not aware of any legitimate businesses that the Bidens have owned or operated.”
Comer writes in his book "All the President's Money: Investigating the Secret Foreign Schemes that Made the Biden Family Rich," out Jan. 14.
According to the New York Post report, the book also details the suspicious obstacles the Comer-led Oversight and Government Accountability Commission ran into along the way. Those obstacles ranged from battles with senior Democrats on the committee, who tried to discredit the evidence Comer found, to the Washington press and the intelligence community.
Comer, the chairman of the committee, compared Washington journalists to "public relations agents and advertising professionals of the Democratic Party."
He accuses FBI bureaucrats of "slowing down investigations" and leaking "false narratives" about their findings to the media, among other things.
Comer wrote that he requested more than 200 government documents during the first two years of Biden's presidency and "didn't get a single response."
When he tried to access the Biden family's bank records early in the investigation, he had to beg the Treasury Department to hand them over.
According to Comer's book, an analysis of Biden's bank records and the testimony of Hunter's business associates before the committee showed that millions came from Chinese, Ukrainian, Romanian and Kazakh sources.
Jim and Hunter were allegedly paid by foreign companies to find them business contacts and clients. But no products or investment advice were sold, Comer said, adding that the front companies simply took cash for access.
From May 2014 to April 2019, Hunter received more than $5 million from Ukraine's Burisma Energy Company "to fill a fantasy board position," Comer writes, adding that Hunter knew next to nothing about the energy sector and that his primary value was his proximity to the "Biden Brand." volt.
In one case, Kazakh businessman Kenes Rakishev transferred $142,000 to Hunter in April 2014 to buy a Porsche. The cash came around the time Joe Biden, at Hunter's request, dined with Rakishev at a restaurant in Washington, D.C., when Joe was still vice president.
Images of an expensive car were included in photos found on Hunter Biden's laptop, showing him smoking crack while the car speeds up to 170 miles per hour.
The laptop, which was left at a Delaware repair shop and was first reported by The New York Post in 2020, contains thousands of emails, text messages and photos detailing Hunter's many dubious business dealings and drug dealings. his struggle.
Hunter Biden's lack of experience in the energy sector did not stop him from demanding cash from Chinese Energy Company Ltd (CEFC), an energy and financial firm.
The company had ties to the Chinese Communist Party and its Belt and Road initiative, "an international plan to build infrastructure ... in third world countries by issuing loans that the Chinese knew those countries would never be able to repay," he writes. Comer.
According to Comer's book, the Bidens began working with the conglomerate when Joe Biden was vice president.
Comer was able to trace the bounty shared by the Biden family to a July 30, 2017, WhatsApp call Hunter Biden made to CEFC associate Raymond Zhao. In that call, he demanded $10 million, claiming his father was sitting next to him.
As The Post graphic shows, on Aug. 8 CEFC-affiliated Northern International Capital sent $5 million to Hudson West III, a joint venture formed by Hunter and Gongwen Dong, another CEFC partner.
Source: The New York Post
On the same day, Hudson West III sent $400,000 to Owasco PC, a company controlled by Hunter Biden.
Six days later, on August 14, Owasco sent $150,000 to the Lion Hall Group, which was run by Jim Biden and his wife, Sara Biden.
On August 28, Sara withdrew $50,000 in cash from the Lion Hall Group and deposited the cash into a joint account she ran with her husband, Jim Biden. On September 3, Sara wrote a check to Joe for $40,000, marked “loan repayment” in the comment field.
Although Comer said he knew he had a "smoking gun" when he found the check, which he said indicated money laundering, much of the mainstream press was unimpressed, even when Jim Biden -- among the witnesses before his committee "far and away the least believable" confirmed that there was no loan agreement for this or a later 2018 200,000 dollar "payback" to his brother.
Last month, the National Archives released shocking photos of Joe Biden introducing Hunter to Chinese leader Xi Jinping and other business leaders during a state visit to China in December 2013.
The first son's primary goal was to make "billions, not just millions" for the family, according to Jason Galanis, Hunter's former business partner, who testified from a prison cell where he is serving 16 years for fraud.
Convicted on gun and tax fraud charges, Hunter was more fortunate than Galanis. He received a controversial pardon from his father last year.
Joe Biden was also a willing participant in his son's get-rich plans — "the big boy," who received 10 percent, Comer writes.
During his eight years as vice president, he gave two speeches in Romania in 2014 and 2015, "in which he condemned the corruption in the country, while his family was also involved."
Biden gave his first speech on May 21, 2014. “Corruption is another form of tyranny,” Joe said as part of the speech.
Months after the speech, the Bidens received more than $1 million through a Biden family associate from a company controlled by Gabriel Popoviciu, a Romanian businessman under investigation for corruption, according to Comer.
Biden also gave a lecture on corruption in Ukraine, while Hunter received money to sit on Burisma's board of directors in 2016. The payments were jeopardized by allegations of corruption by Burisma executives.
At a Council on Foreign Relations panel discussion in January 2018, Biden admitted that he had threatened to withhold $1 billion in US loan guarantees to the country if the Ukrainian government did not fire Viktor Shokin, the prosecutor investigating the Burisma case.
Biden gave six hours for this before boarding plane number two to fly home, Comer writes.
"Later, Biden added his famous line: 'the mother of a bitch, he's fired!'" writes Comer. Shokin was fired in a parliamentary vote in March 2016, and his successor dropped the investigation against Burisma.
Despite the difficulties of investigating the First Family's wealth, Comer and his research team are determined to uncover what he calls "the biggest corruption scandal of my lifetime."
His work "resulted in a historic lack of trust in our nation's federal law enforcement agencies" and likely led to the downfall of Democrats in the November election, the Republican representative wrote.
Cover photo: X/@JamesComer