James Biden Verifies Joe Biden's Receipt of Chinese Firm Funds

Unveiling the Complex Money Trail in Political Circles

by Zain ul Abedin
James Biden Verifies Joe Biden's Receipt of Chinese Firm Funds
© Anna Moneymaker/Getty Images

In a revelation that has sent shockwaves through political circles, James Biden, brother of President Joe Biden, testified before the House GOP's impeachment inquiry, shedding light on a complex web of financial transactions involving funds from the Chinese conglomerate CEFC.

During a session in February, James Biden disclosed the origins of a $40,000 check written to the President, marking a pivotal moment in the ongoing investigation into the Biden family's foreign business dealings. The inquiry, spearheaded by the Oversight and Judiciary Committees, has meticulously pieced together the flow of money from CEFC to the Bidens, through a series of transactions that began in August 2017.

Records indicate that Hunter Biden's firm, Owasco, received a substantial $400,000 payment from Hudson West III, a joint venture initiated by Hunter and James Biden with CEFC. This venture, infused with $5 million from the Chinese firm, was set to explore U.S.

energy deals, despite the Bidens not securing any major agreements. Yet, they garnered millions from their involvement, with James Biden confirming the lucrative nature of the enterprise.

Biden Financial Web Unraveled

The narrative unfolds with Hunter Biden channeling $150,000 to the Lion Hall Group, a consulting firm owned by his uncle, James Biden.

From there, a portion of these funds made its way into James and Sara Biden's personal account, shortly before a significant $40,000 check was issued to Joe Biden, described as a loan repayment. This intricate chain of transactions has raised eyebrows, highlighting the Bidens' financial connections to CEFC, a company once led by Ye Jianming - a figure James Biden mistakenly touted as a protégé of Chinese Communist Party leader Xi Jinping.

Further complicating matters, James Biden issued another substantial check to his brother in March 2018, coinciding with a payment from Americore, a distressed rural hospital provider. This payment, too, was marked as a loan repayment, although documentation remains elusive.

Throughout his testimony, James Biden maintained that Joe Biden remained uninvolved with his business ventures, despite allegations to the contrary. The testimonies of Hunter and James Biden have become cornerstone evidence in the House GOP's impeachment inquiry, aiming to unravel the extent of the Biden family's foreign business entanglements.

As the investigation progresses, with public testimonies on the horizon, the political landscape watches closely, anticipating the implications these revelations may hold for the Biden administration.

Joe Biden