Hunter Biden made direct monthly payments to President Joe Biden — beginning in 2018 — using an account for his business that reportedly received money from China, according to GOP House Oversight Committee lawmakers.
The committee says that subpoenaed bank records show that Owasco PC, a law firm belonging to the president’s son that is also under investigation by the Department of Justice for tax-related issues, used a corporate account to funnel payments to Biden — thus proving that he benefitted from his family’s foreign business dealings.
“President Joe Biden claimed there was an ‘absolute wall’ between his official government duties and his family’s influence-peddling scheme,” House Oversight Committee Chairman James Comer said in a video on Monday. “This was a lie.”
According to bank documents, the business entity established monthly payments of $1,380 to President Biden.
“This wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world,” Comer said.
🚨 BREAKING 🚨
Hunter Biden’s business entity, Owasco P.C., made DIRECT monthly payments to Joe Biden.
@RepJamesComer explains 👇 pic.twitter.com/7bXyGYmWVZ— Oversight Committee (@GOPoversight) December 4, 2023
Sources told theFox News Digitial that Biden’s joint venture company with a Chinese national sent at least three payments to Joe Biden’s personal account between September and November 2018.
Comer subpoenaed Biden family associates to obtain personal and business records belonging to Hunter Biden and James Biden as part of its investigation into President Biden’s alleged involvement in his family’s domestic and international business schemes in China, Ukraine, Russia and more.
Evidence conflicting with President Biden’s denials about his family’s business dealings, particularly regarding his son Hunter Biden earning money from China, has fanned suspicions among Republicans. The committee claims it identified over 20 shell companies and uncovered how the Bidens and their associates raked in over $24 million between 2015 and 2019 by selling Joe Biden as “the brand.”
Last week, a bank investigator raised concerns about Hunter Biden receiving a $5 million wire from a Chinese company in August 2018 to his bank account, Hudson West III, according to Fox News.
Biden allegedly funneled at least $400,000 to his Owasco PC account, which then transferred to a business account belonging to James Biden, who later moved the money to a personal account belonging to James Biden and his wife, Sara Biden.
Comer alleged that those funds were used to cut a $40,000 check to Joe Biden, labeled as a “loan repayment.”
Abbe Lowell, legal counsel for Hunter Biden, reportedly pushed back on the latest batch of money allegedly used to benefit Joe Biden directly.
“There Chairman Comer goes again — reheating what is old as new to try to revive his sham of an investigation,” Lowell told The Hill in a statement. “The truth is Hunter’s father helped him when he was struggling financially due to his addiction and could not secure credit to finance a truck. When Hunter was able to, he paid his father back and took over the payments himself.”
The committee’s claims come as House GOP leaders prepare to introduce a formal impeachment inquiry vote in the coming weeks.
“Joe Biden and the White House can’t continue to claim he wasn’t involved with his son’s shady businesses now,” House Majority Leader Steve Scalise (R-LA) said on X.
🚨 JUST UNCOVERED: Hunter Biden's business entity— Owasco PC, which got money from Chinese-state linked companies—made monthly payments directly to Joe Biden himself.
Joe Biden and the White House can't continue to claim he wasn't involved with his son's shady businesses now.
— Steve Scalise (@SteveScalise) December 4, 2023
Daniel Chaitin contributed to this report.