Records obtained from four separate banks by the Republican-led House Oversight Committee allegedly reveal that the Biden family and their business associates have received millions of dollars from foreign entities during and after Joe Biden‘s tenure as vice president. Via nearly two dozen companies, the Biden network has reportedly amassed a minimum of $10 million from Chinese and Romanian nationals through deals primarily orchestrated by Hunter Biden, the president’s son.
The Enriched Family Members
Oversight Chairman James Comer identified nine Biden family members known to have benefited: Hunter Biden; first brother James Biden; his wife, Sara Biden; first daughter-in-law Hallie Biden, the widow of Joe Biden’s son Beau Hunter; Hunter’s ex-wife, Kathleen Buhle; his current wife, Melissa Cohen; and “three children of the president’s son and the president’s brother.”
There would be indications that the Bidens may have earned significantly more, possibly tens of millions of dollars, beyond the documented amount.
In a 36-page memorandum released on Wednesday, the committee disclosed that funds were initially transferred from foreign entities to approximately 20 companies, most of which were limited liability companies (LLCs) established while Joe Biden served as Vice President under President Barack Obama. Hunter Biden‘s business associates operated these companies. Subsequently, the money was distributed in smaller increments to other family members.
After assuming the vice presidency in 2009, records reveal Hunter Biden and his business associates formed at least 15 companies,” the memo said. Those companies include Lion Hall Group LLC; Owasco P.C.; Robinson Walker, LLC; Skaneateles, LLC; Seneca Global Advisors, LLC; Rosemont Seneca Partners, LLC; Rosemont Seneca Principal Investments LLC; Rosemont Seneca Bohai, LLC; Hudson West III, LLC; Hudson West V, LLC; CEFC Infrastructure Investment (US) and others.
House Oversight Committee report (link)
Republicans described the transactions as proof of “influence peddling” by Biden’s family, including his son Hunter Biden, and referenced some previously known, if unflattering, details of the younger Mr. Biden’s business dealing.
The Ukraine Connection
From 2014 until his term concluded in April 2019, Hunter Biden held a position on the board of Burisma Holdings, a prominent Ukrainian private natural gas producer. Since early 2019, Hunter and his father, Joe Biden, have faced allegations of corruption related to a Biden-Ukraine conspiracy theory. These claims were propagated by then-U.S. President Donald Trump and his supporters, centering around Hunter Biden‘s business engagements in Ukraine and Joe Biden‘s anti-corruption initiatives in the country.
