Treasury Reports Show Biden Family Made Millions from Chinese Company After 2016
The Biden family business received a $3 million wire transfer from a Chinese energy company and subsequent payments after President Joe Biden left the vice presidency in 2017, House Oversight Committee Chair James Comer (R-KY) announced upon receiving suspicious activity reports from the Treasury this week.
U.S. banks have flagged over 150 SARs from Hunter and James Biden that included “large” amounts of money flagged for further review. According to a 2020 Senate report, SARs “often contain evidence of potential criminal activities, such as money laundering and fraud.”
“According to bank documents we’ve already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency,” Comer said in a statement. “Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.”
The Biden family had previously negotiated a deal with CEFC from which Joe Biden (Big Guy) would receive a ten percent equity stake in the joint venture with Hunter’s former business partner Tony Bobulinski. In 2017, Hunter earned a $1 million legal retainer from the company’s chairman, Ye Jianming. Hunter also received a large diamond from Ye worth an estimated $80,000 in February 2017.
The SARs also likely show money paid to Hunter and James Biden for their work with a Ukrainian energy company. In April 2014, Hunter joined the board of Burisma, just two years before Joe Biden stated he forced the firing of prosecutor Viktor Shokin investigating Burisma. Despite Hunter’s lack of experience in Ukraine or the energy sector, he was paid $83,000 per month by the energy company or $1 million per year — just weeks after his father was announced “point person” on U.S. foreign policy toward Ukraine.
The Biden family business received a $3 million wire transfer from a Chinese energy company and subsequent payments after President Joe Biden left the vice presidency in 2017, House Oversight Committee Chair James Comer (R-KY) announced upon receiving suspicious activity reports from the Treasury this week.
U.S. banks have flagged over 150 SARs from Hunter and James Biden that included “large” amounts of money flagged for further review. According to a 2020 Senate report, SARs “often contain evidence of potential criminal activities, such as money laundering and fraud.”
“According to bank documents we’ve already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency,” Comer said in a statement. “Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.”
The Biden family had previously negotiated a deal with CEFC from which Joe Biden (Big Guy) would receive a ten percent equity stake in the joint venture with Hunter’s former business partner Tony Bobulinski. In 2017, Hunter earned a $1 million legal retainer from the company’s chairman, Ye Jianming. Hunter also received a large diamond from Ye worth an estimated $80,000 in February 2017.
The SARs also likely show money paid to Hunter and James Biden for their work with a Ukrainian energy company. In April 2014, Hunter joined the board of Burisma, just two years before Joe Biden stated he forced the firing of prosecutor Viktor Shokin investigating Burisma. Despite Hunter’s lack of experience in Ukraine or the energy sector, he was paid $83,000 per month by the energy company or $1 million per year — just weeks after his father was announced “point person” on U.S. foreign policy toward Ukraine.