On Friday, the U.S. House Committee on Oversight and Accountability revealed direct financial connections between President Joe Biden and his family’s controversial business dealings.
Chairman James Comer (R-KY) made a startling announcement, stating that the committee has “obtained bank records revealing a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check.”
This development comes on the heels of subpoenas issued in September for the bank records of Hunter and James Biden.
Chairman Comer detailed the suspicious money trail, noting that “In 2018, James Biden received $600,000 in loans from Americore—a financially distressed and failing rural hospital operator.”
He further elaborated that these loans were allegedly received by James Biden “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
The chain of financial transactions that has raised eyebrows is centered around a specific date.
“On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account – not their business bank account,” Comer said.
Shockingly, he revealed that “On the same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.”
Rep. Comer highlighted the nature of this transaction by saying, “James Biden wrote this check to Joe Biden as a ‘loan repayment.’ Americore—a distressed company—loaned money to James Biden who then sent it to Joe Biden.”
He voiced concern over the implications of this, stating that “it’s still troubling that Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings.”
Amid these unsettling revelations, Comer posed some critical questions directed at the President: “Does he have documents proving he lent such a large sum of money to his brother and what were the terms of such financial arrangement? Did he have similar financial arrangements with other family members that led them to make similar large payments to him? Did he know that the same day James Biden wrote him a check for $200,000, James Biden had just received a loan for the exact same amount from business dealings with a company that was in financial distress and failing?”
The chairman concluded his remarks by promising further scrutiny and transparency.
“The House Oversight Committee will soon announce our next investigative actions and continue to follow the money,” he declared. “The bank records don’t end here. There is more to come.”
