Evidence suggests that President Joe Biden’s active involvement in his son Hunter Biden’s profitable, global, and influence-peddling endeavors may have yielded benefits for the commander in chief.
Bank records, made public by the House Oversight Committee, show that the president’s family members and close associates amassed an astounding $20 million from countries such as Russia, Kazakhstan, Ukraine and China, the New York Post reported.
It’s noteworthy that certain individuals from these countries had personal interactions with Biden during his tenure as vice president, the report said.
“Joe Biden has been a public official for five decades yet has lived lavishly,” House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) told the Post. “As Hunter Biden was sealing deals with Russian, Kazakhstani, and Ukrainian oligarchs, then-Vice President Biden dined with them in DC. This reeks of corruption.”
At least nine Biden family members allegedly received payouts from the huge cash pool — for no discernible business reason, investigators said.
According to the report, while the investigation has not personally revealed any direct payments made to the president, emails retrieved from Hunter’s abandoned laptop suggest the possibility that his father may have indirectly benefited from the gains.
“It’s vacations, cell phones, money to pay taxes,” a former business partner of the Biden family told the Post. “This is Joe Biden’s brother and sister and his children and grandchildren taking care of him.”
Emails on the laptop indicate that, by 2010, Hunter regularly covered household expenditures for then-Vice President Biden. Hunter’s business partner Eric Schwerin, the president of Rosemont Seneca Partners, an investment firm linked to China, reportedly acted as the intermediary for the financial transactions.
According to the committee report, House investigators identified five foreign flows of questionable cash in their examination of Hunter’s network of more than 20 shell companies.
- $8.1 million from China’s CCP-linked State Energy HK and CEFC China Energy in 2017
- $6.5 million from Ukraine’s Burisma Holdings from 2014 to 2019
- $3.5 million from Russian oligarch Yelena Baturina, the former first lady of Moscow, in 2014
- $3.1 million from Romanian oligarch Gabriel Popoviciu from 2015 to 2017
- $142,300 from Kazakhstan’s Kenes Rakishev in 2014, transferred by Hunter a day later to a New Jersey car dealership to purchase a luxury sports car.
On Friday, U.S. Attorney General Merrick Garland said that David Weiss, the federal prosecutor from Delaware overseeing the criminal inquiry into Hunter, would be designated as special counsel for this particular case.
Produced in association with Benzinga
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