Bombshell documents unveiled by House Oversight Committee Chairman James Comer raised serious questions about the financial dealings of the Biden family.
As reported by Townhall.com, the revelation, which comes in the form of a memo released on Wednesday, August 9, 2023, contradicted claims made by the White House and suggested that the Biden family might have profited to the tune of millions of dollars from questionable business deals, particularly with China.
During his presidential campaign, Joe Biden repeatedly assured the American public that his family had not received any money from China.
He dismissed bank records provided by the Committee that pointed to funds flowing into the Biden family coffers from foreign companies.
The newly uncovered documents, however, paint a different picture, revealing that the Biden family and their associates received over $10 million from various foreign companies, including Chinese ones.
The memo exposed a complex web of financial transactions, indicating that the Biden family employed a strategy of receiving incremental payments over time to different bank accounts.
This practice seems to have been aimed at obscuring the origins of the money and reducing the visibility of large financial inflows into their accounts.
The documents suggested that this approach was part of an effort to hide the true nature of the transactions and to potentially evade scrutiny.
One of the most concerning aspects of these alleged dealings is the apparent connection between the Biden family and the Chinese Communist Party.
The documents suggested that funds were funneled through domestic limited liability companies, potentially to disguise the source of the money.
This raised questions about the extent to which the Chinese government may have been involved in these transactions and whether they were attempting to exert influence over the Biden family.
The House Oversight Committee is not taking these revelations lightly.
Their intention is to examine whether financial institutions possess the necessary tools to prevent illegal money laundering and foreign corruption activity.
They aim to draft legislation that promotes transparency, prevents presidential and vice-presidential family members from exploiting their connections for financial gain, and safeguards the nation from undue foreign influence.
One particularly striking moment was during a presidential debate in October 2020, when then-Democratic nominee Joe Biden categorically denied any financial involvement with China.
He asserted that only Donald Trump had profited from dealings with China. However, the bank statements presented in the documents challenge Biden’s claims.
The records indicate that in 2017 alone, the Biden family and their associated entities received substantial sums from Chinese foreign nationals’ companies.
It’s important to note that these allegations are serious and potentially damaging.
They raise concerns about the transparency and integrity of the Biden family’s financial dealings, particularly in relation to foreign entities.
While the documents present compelling evidence, further investigation is needed to determine the full extent of any wrongdoing or unethical behavior.
