Joe Biden received $40K in ‘laundered China money’ from brother in 2017, Comer says

Fox News: Rep. James Comer, Chairman of the House Oversight Committee, claims that President Joe Biden received $40,000 in “laundered China money” from his brother James Biden in 2017. The allegation is part of Comer’s investigation into the business dealings of the Biden family, specifically with China’s CEFC, which is linked to the Chinese Communist Party. According to Comer, the “money trail” began when Hunter Biden requested a $10 million payment from a CEFC associate. Days later, $5 million were allegedly flowed through various entities controlled by Hunter and James Biden before ending up as a personal check to Joe Biden, labeled as a “loan repayment.” Comer suggests that this exposes President Biden to future blackmail from China and puts American interests at risk.

President Biden has maintained that he was never in business with his son, but Comer cites text messages and bank records to argue otherwise. The White House has responded by stating that the president loaned money to his brother as a private citizen and was repaid.

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