A new report from the House Oversight and Accountability Committee is raising serious questions about the Biden family‘s business dealings during Joe Biden‘s time as vice president.
The committee‘s memo, released ahead of a Wednesday press conference, says the Biden family and its business associates created more than 20 companies and received more than $10 million from foreign nationals while Joe Biden served as vice president. The memo also alleges that some of these payments could indicate attempts by the Biden family to “peddle influence.”
Chairman James Comer, R–Ky., said that the committee has subpoenaed four different banks as part of its investigation. Those subpoenas were “tailored to specific individuals and companies that engaged in business activities with Biden family members and their business associates,” the memo said.
The memo said that after assuming the vice presidency in 2009, records reveal Hunter Biden and his business associates formed at least 15 companies, including 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.
The committee said that bank records show the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ companies, with some payments made while Joe Biden served as Vice President and after he left public office.
The memo also said 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.”
The committee said it also discovered that Hunter Biden, through his associate Rob Walker, received more than $1 million from a foreign company reportedly controlled by Gabriel Popoviciu, who was subject to a criminal probe and prosecution for corruption in Romania.
The memo also said that in addition to Hunter Biden, James Gilliar and Rob Walker receiving foreign funds, James Biden, Hallie Biden and “other Bidens“ also received “foreign payments.”
The committee said it is investigating “the opaque corporate structure of particular Biden–affiliated companies, those companies’ complicated connections with each other, whether these companies maintained books and records, and why certain foreign nationals sought to partner with and engage in businesses with specific Biden family members and their companies.”
The White House has slammed the committee’s investigation as “evidence–free“ and “politically motivated.” The White House has also maintained that President Biden has never been involved in his son’s business dealings.
The committee‘s investigation into the Biden family‘s business dealings is ongoing, and the committee is committed to “rooting out fraud, waste, and abuse that exist at the highest level of the federal government,” the memo said. The committee plans to gather additional bank records in the near future and continue following the money trail.
The memo said the committee is looking into whether the Biden family used their connections to influence U.S. policy, and whether the payments from foreign nationals were designed to sway the Biden family.
As the investigation continues, the Biden family will likely face more questions about the source of their income and the details of their business dealings.