Biden Family Received $10 Million in Payments From China, Foreign Interests: Congress

President Joe Biden is being accused of money laundering and influence peddling. This is the latest chapter in the Hunter Biden saga, where the president’s son was suspected of selling his father’s influence to foreign governments and businesses.

On Wednesday, members of the House Committee on Oversight and Accountability held a press conference. They detailed what they described as a complex money laundering scheme, involving payments from several foreign countries to President Joe Biden. And it turns out this isn’t just about Joe and Hunter, either. The Committee members claim the payments have been going to close to a dozen members of the Biden family, and they also claim the Biden family was taking steps to conceal the funds.

We’ll discuss this story in this episode of Crossroads.

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TRANSCRIPT:

President Joe Biden is being accused of money laundering and influence peddling. This is the latest chapter in the Hunter Biden scandal, where the President’s son was suspected of selling his father’s influence to foreign governments and businesses.

On Wednesday, members of the House Committee on Oversight and Accountability held a press conference. They detailed what they described as a complex money laundering scheme, involving payments from several foreign countries to the Biden family. And it turns out this isn’t just about Joe and his son Hunter, either. The Committee members claim the payments have been going to close to a dozen members of the Biden family, and they also claim the Biden family was taking steps to conceal the funds.

During the press conference, committee chairman Representative James Comer declared that this is an investigation into President Joe Biden. And this flies in the face of many establishment news outlets, which have repeatedly claimed the case is just on Hunter and that Joe had no involvement. Watch:
“I want to be clear. This committee is investigating President Biden and his family’s shady business deals that capitalize on Joe Biden’s public office, and risked our country’s national security.”

The Committee has only had its subpoena powers for the last four months. But in that time, they’ve been able to subpoena banks, in order to uncover multiple LLCs that the Biden family was allegedly using in the scheme. Comer claims that many of the payments took place when Joe Biden was vice president under Barack Obama.

“First instance: While Vice President Biden was lecturing Romania on anti-corruption policies, in reality he was a walking billboard for his son and family to collect money. Hunter Biden and his associates capitalized on a lucrative financial relationship with a Romanian national who was under investigation for, and later convicted of, corruption in Romania. The Bidens received over $1 million for the deal. And 16 of the 17 payments to their associates account that funneled the Bidens’ money occurred while Joe Biden was vice president. In fact, the money stops flowing from the Romanian national soon after Joe Biden leaves the vice presidency. This is a pattern of influence peddling.”

It wasn’t just Romania, either. It was payments tied to China, Russia, Ukraine, Kazakhstan, Mexico, Romania, Oman, and other countries.

Epoch Times reporter Mark Tapscott was on the scene at the press conference. He noted that in a memorandum of findings from the House Committee doing the investigation, it was explained how the scheme allegedly worked.
The memorandum states, “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. 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.”

It adds that after Biden left office as vice president under Obama, the Biden family shifted from using the web of 20 companies, to instead using companies of business associates to receive the money. These payments were given over time to different bank accounts. The memorandum further states, “These complicated financial transactions appear to conceal the source of the funds and reduce the conspicuousness of the total amounts made into the Biden bank accounts. Chinese nationals and companies with significant ties to Chinese intelligence and the Chinese Communist Party hid the source of the funds by layering domestic limited liability companies.”

Speaking of China, the Committee raised some serious concerns over Joe Biden’s ties to certain Chinese nationals.
“One of them includes two individuals the Committee is particularly concerned about. One of them, Yu Xinming, had close ties to the highest levels of the Chinese Communist Party, and operated a multibillion dollar energy company with access to large sums of money. We’ll discuss how the Bidens received millions of dollars from this individual through the use of shell companies and wire transfers.”

Representative Comer notes that back in March, the House Committee released its first memorandum on the bank records, which alleged that Rob Walker, a Biden associate, used his company to funnel money between the China connections, and to members of the Biden family. Comer notes that Democrats have been shown the bank records, and he alleged that Democrats misrepresented the findings. Watch:
“Democrats said all the bank records showed was Papa Johns’ and Starbucks receipts. They deliberately chose to misconstrue and deny what was clearly in front of them. Hunter Biden’s representatives claimed the money was ‘good faith seed funds,’ but could not explain why those funds had to go through an intermediary in what appears to be an attempt to hide the transfers from the Chinese. They also couldn’t explain why the Bidens received over $1 million in 16 different wire transfers over a period of three months to at least five different banks.”

Representative Comer noted that when President Biden was asked about this previously, that Biden claimed it was untrue. The memorandum notes that in October 2020, President Biden stated in a televised presidential debate that it wasn’t true. Let me show you the clip they’re referring to:

“My son has not made money in terms of this thing about, what are you talking about, China. I have not had—The only guy who made money from China is this guy [Donald Trump]. He’s the only one. Nobody else has made money from China.”
Comer argues new evidence contradicts this claim. Watch:
“The Bidens have received millions of dollars from China. It is inconceivable that the President did not know it. The White House refuses to correct the President’s statements, showing the President is now willing to use the federal government to run interference for his family and for his own role in these schemes.”

The accusations that Biden is using the federal government as a tool in his alleged scheme is major. Especially when you factor in all the other claims that the government and legal system are being manipulated to serve party interests under Biden. Remember, the House of Representatives also has a committee investigating the weaponization of government, looking into this issue.

And as if by clockwork, the Department of Justice appeared to interfere with the press conference on the allegations against Joe Biden and his family. As we discussed previously, Representative Comer and others had stated publicly that they were requesting a document from the Department of Justice and the FBI which they claim shows that Joe Biden was taking foreign money in exchange for policy when he was vice president. The FBI and DOJ were alerted that the committee would be holding its press conference to detail their findings on Wednesday morning. So what did the Department of Justice do, under Attorney General Merrick Garland? Well, they appeared to launch a well timed distraction.
At the same time the committee detailed its findings on Joe Biden and his family’s shady business deals, the DOJ unsealed charges against Republican Representative George Santos. The 13-count indictment accuses Santos of crimes that include wire fraud, theft of public funds, and of money laundering. And while I think most of us could agree that politicians should face charges for crimes, if they are guilty, just like everyone else, the decision of the timing by the DOJ had the direct effect of covering up the findings on the Biden family.

This was evident incorporate media’s non-coverage. While the press conference was being shown live about Biden, CNN for example was instead running live coverage of the George Santos charges.
On Wednesday morning, the New York Times website had three stories on George Santos as its lead. After that were stories on COVID, and after that were several stories accusing Trump of various scandals. There were no stories to be found on the home page about the scandals of Joe Biden or Hunter Biden, or the House press conference.

It was similar on other establishment news sites. NBC News had three articles on George Santos as its leads, alongside stories on immigration and natural disasters. A single story on the allegations against Joe and Hunter Biden showed up several sections later down the homepage.

Again, the story is newsworthy. News outlets should be covering it. A public official possibly being involved in a crime should get public attention. But should this cancel out major allegations of similar crimes against the sitting President of the United States? And why would the Department of Justice time this case at the exact moment the evidence would be shown on Biden. In other words, the DOJ provided the Biden family with the perfect distraction.

On the note of George Santos, he was arrested the same day on federal criminal charges, and was set to appear before court the same afternoon. U.S. Attorney for the Eastern District of New York Breon Peace said in a statement, “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself. He used political contributions to line his pockets, unlawfully applied for unemployment benefits that should have gone to New Yorkers who had lost their jobs due to the pandemic, and lied to the House of Representatives.”

It should be noted that House Majority Leader Kevin McCarthy said it’s still being decided on whether Santos will be removed from Congress as he faces charges. We can expect to see more on that story as it develops, and of course I’ll be covering it as well.

But back to Biden, and the major allegations against him and his family. Representative Comer noted that the investigations are still ongoing, and that they will not only be widening the investigation, but will also propose new legislation to bring an end to influence peddling – the unfortunate practice where family members of government officials are able to profit by selling their ties to political influence.

We’ve repeatedly been told that nobody is above the law. This has been the repeated statement as charges and accusations are brought against former President Trump, in what he frames as the “Witch Hunt.” Now we wait to see whether the same Justice Department facing the allegations of weaponizing the law for political interest treats these accusations, and the requests for documents from the committee with the same due diligence they’ve shown when the political interest is on the other side.

That’s all for tonight, folks. Thanks for joining us for this new version of Crossroads on weeknights at 7PM eastern on EpochTV.com. Also join me for a replay and a live Q&A weekday mornings at 9:45AM eastern. In the next couple of weeks, we will be adding interviews and more segments to the show, so stay tuned for that. And then starting May 15th, we will be broadcasting simultaneously on both EpochTV.com and NTD cable. For updates, follow us on social media @crossroads_josh. And as always, Stay informed, and stay free.