NY Post
President Biden received $40,000 in “laundered” funds from Chinese government-linked CEFC China Energy, according to a memo released Wednesday by the House Oversight Committee.
The alleged 2017 transfer from first brother James Biden to the future president involves the same business deal in which Joe Biden was called the “big guy” and penciled in for a 10% cut — and would be the first proven instance of the commander-in-chief getting a piece of his family’s foreign income.
The $40,000 went through a “complicated financial transaction” just weeks after first son Hunter Biden threatened his father’s wrath in a July 30, 2017, text message to a CEFC employee, the Republican-led Oversight Committee said in the memo.
The money ended up in Joe Biden’s bank account on Sept. 3, 2017, via a check labeled “loan repayment” from his younger brother, who partnered with Hunter in the venture.
“Remember when Joe Biden told the American people that his son didn’t make money in China?” Oversight Committee Chairman James Comer (R-Ky.) said in a video posted to X.
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