Newly revealed bank records subpoenaed from the First Family’s personal and business financial accounts show how Biden family members sold America out to foreign interests.
The House Oversight Committee provided the bank record summaries to the public along with criminal referrals for both Hunter Biden and James Biden, who are related to sitting President Joe Biden.
“The subpoenaed bank records revealed that from 2014 to 2023, Hunter Biden, James Biden, their associated companies, and certain other Biden family members received over $18 million from foreign sources,” the committee’s report stated. “Additionally, the bank records established that when Biden business associates and their companies are included, over $27 million was received from foreign sources during the same time period.
“The Bidens, their business associates, and their related companies received funds from individuals and entities associated with Russia, Ukraine, Kazakhstan, China, Romania, Panama, and other locations,” the report continued.
“These figures do not include the approximately $8 million in loans Hunter Bidenand James Biden received from Democratic benefactors such as Kevin Morris, Joey Langston, and John Hynansky,” the report added. “The amount of money Hunter Biden, James Biden, and even Joe Biden sourced from foreign and domestic companies and then later described as a ‘loan,’ often without documentation to show the terms of the loan and much of which was never repaid, is alarming.”
“In total, since 2014, the Committees have accounted for over $35 million received by Biden family members, their companies, and business associates, which includes financial transactions described as ‘loans’,” the report noted. “Despite much effort, the Committees have not identified legitimate services warranting such lucrative payments.”
The House Oversight Committee summarized the subpoenaed bank records of foreign payments to certain Biden family members and their business entities:
- Russia: $3,500,000 (Yelena Baturina to Rosemont Seneca Thornton)
- Ukraine: $3,986,869.53 (Numerous Burisma Holdings Ltd. transactions to Rosemont Seneca Bohai, Owasco P.C.)
- Kazakhstan: $142,300 (Novatus Holdings to Rosemont Seneca Bohai)
- China: $7,283,188.76 (Numerous transactions through intermediary companies to Biden family members)
- Romania: $1,038,627.08 (Bladon Enterprises Ltd. to Biden family members)
- Panama: $1,040,000.00 (Stanhope Worldwide Services, Briest Trading International Company to James Biden)
- Other Global Investments: $1,031,572.16 to Biden family members
It should be noted that Biden family members did not sell anything concrete to these foreign interests beyond access to the former vice president and current president.
The committee provided a general overview of the Biden family’s foreign influence peddling scheme.
“The Oversight Committee’s investigation revealed a pattern in which Hunter Biden would use a business associate’s corporate bank account (an intermediary account) to receive millions of dollars in foreign funds,” the report stated. “For instance, Hunter Biden used Devon Archer’s limited liability company (LLC), Rosemont Seneca Bohai, LLC (Rosemont Seneca Bohai), and Rob Walker’s LLC, Robinson Walker, LLC, to receive money from foreign companies and individuals. Devon Archer and Rob Walker were business associates of Hunter Biden. After the business associates’ LLCs received the foreign wires, the business associates would transfer Hunter Biden, his companies, and other Biden family members significant payments.”
The House Oversight Committee then accused both James Biden and Hunter Biden of lying to Congress. Congressman James Comer (R-KY), Chairman of the Oversight Committee, promised that the efforts to hold the Bidens accountable was “only the beginning.”
“Our investigation has revealed President Biden knew about, participated in, and benefitted from his family cashing in on the Biden name around the world. Despite this record of evidence, President Biden continues to lie to the American people about his involvement in these influence peddling schemes. It appears making false statements runs in the Biden family. We’ve caught President Biden’s son and brother making blatant lies to Congress in what appears to be a concerted effort to hide Joe Biden’s involvement in his family’s schemes. As part of our efforts to hold the Bidens accountable for profiting off public office, we are today referring Hunter and James Biden to the Justice Department for criminal prosecution for making false statements to Congress. This is not the end of our efforts to hold the Bidens accountable; it’s only the beginning,” said Chairman Comer.
Here is the committee’s summary of false statements allegedly made by Hunter and James Biden:
- During his deposition, Hunter Biden made false statements about holding a position at Rosemont Seneca Bohai (RSB)
- Hunter Biden lied about threatening a Chinese business partner while invoking his father’s presence. Hunter Biden testified he transmitted this threat to an unrelated individual. However, Hunter Biden made this threat to the intended individual, and bank records prove it. The Chinese business partners wired millions of dollars to his company after his threat. A portion of the proceeds were traced to Joe Biden’s bank account.
- During James Biden’s transcribed interview, he stated that Joe Biden did not meet with Tony Bobulinski in 2017 while pursuing a deal with CEFC China Energy. His statements were contradicted not only by Bobulinski, but Hunter Biden. Bobulinski also produced text messages that establish the events leading up to and immediately following his meeting with Joe Biden on May 2, 2017.
“Lying to Congress is a serious crime with serious consequences. Both Hunter and James Biden did just that,” said Judiciary Chair Jim Jordan (R-OH). “They lied to coverup President Biden’s involvement in their family’s international influence peddling schemes that have generated millions of dollars. These criminal referrals are a reflection of criminal wrongdoing by the Biden family, and the Department of Justice must take steps to hold the Bidens accountable.”
