$200K Payment to President Biden from Brother James Appears Linked to Family BusinessWendell Husebø 20 Oct 2023
Evidence exists of a $200,000 payment to President Joe Biden from his brother, James Biden, and James’ wife, Sara Biden, House Oversight Committee Chair James Comer (R-KY) revealed Friday.
The revelation shows Joe Biden personally accepting money from his family’s overseas business ventures, despite denying his involvement in the business at least nine times. “Where is the money? Joe Biden asked reporters in September. Comer believes he found some.
“A document that we’re releasing today raises new questions about how President Biden personally benefited from his family’s shady influence peddling of his name and their access to him,” Comer said in a video released on X. “Bank records obtained by the House Committee on Oversight and Accountability have revealed a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check.”
Comer explained the complex financial maneuvers the Biden family undertook for Joe Biden to receive the payment:
In 2018, James Biden received $600,000 in loans from, Americore — a financially distressed and failing rural hospital operator. According to bankruptcy court documents, James Biden received these loans “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account — not their business bank account. And then on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.
James Biden wrote this check to Joe Biden as a “loan repayment.” Americore — a distressed company — loaned money to James Biden who then sent it to Joe Biden. Even if this was a personal loan repayment, it’s still troubling that Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings.
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https://www.breitbart.com/politics/2023/10/20/200k-payment-president-biden-brother-james-appears-linked-family-business/
