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Paul Craig Roberts
Institute for Political Economy
Bank Records Show Biden Family Received $10 Million in Payments From China, Foreign Interests: House Oversight
Bank Records Show Biden Family Received $10 Million in Payments From China, Foreign Interests: House Oversight
A host of Banking and other records made public Wednesday by House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) depict a complex money laundering scheme involving millions of dollars from foreign entities that investigators contend went to President Joe Biden and nearly a dozen members of his family.
In a 36-page memorandum summarizing findings to date of the House Committee on Oversight and Accountability, chaired by Comer (R-Ky.), investigators described examining thousands of bank records and legal documents depicting nearly two dozen Limited Liability Corporations (LLCs) established by Biden family members to receive payments from private clients, corporations and foreign governments, including China and Romania.
“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,” the memorandum said. “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.”