The House Oversight and Accountability Committee announced today that the Biden family and its business associates created more than 20 companies that received more than $10 million from foreign nationals while Joe Biden served as Vice President under President Obama.
In a memo released by Committee Chairman James Comer, R-Ky., ahead of his press conference on Wednesday, new information from his investigation into the Biden family’s “influence peddling and business schemes” was shared. The memo said the Biden family appeared to take steps to “conceal the source and total amount received from the foreign companies.”
The committee subpoenaed four different banks as part of its probe and received “thousands of records in response.” The memo stated that those subpoenas were “tailored to specific individuals and companies that engaged in business activities with Biden family members and their business associates.”
“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.
“In some instances, Biden associates would receive significant deposits from foreign sources into their bank accounts and then transfer smaller, incremental payments to Biden bank accounts,” the memo said. “These complicated and seemingly unnecessary financial transactions appear to be a concerted effort to conceal the source and total amount received from the foreign companies.”
The memo also stated that 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 Biden family may have also collected money from foreign nationals trying to influence U.S. policy.
“The committee is concerned about the Biden family’s pattern of courting business in regions of the world in which the then Vice President had an outsize role and influenced U.S. policy,” the memo said. “The Biden family and associates’ activities in Romania bear clear indicators of a scheme to peddle influence from 2015-2017.”
“The Biden family and associates’ activities in coordination with Chinese nationals and their corporate entities appear to be an attempt to engage in financial deception,” the memo said, adding that “multiple Biden family members received money from the Chinese after it passed through the Robinson Walker, LLC account.”
“Additionally, Hunter Biden received money directly into his company’s account from a Chinese-controlled entity,” the memo adds.
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.
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