The Briefing Room
General Category => Biden Crime Family => Topic started by: Hoodat on March 02, 2024, 05:22:00 pm
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James Biden Admits Joe Biden Got $40K in China Funds Via Alleged Loan Repayment
WENDELL HUSEBØ2 Mar 2024
Joe Biden got a $40,000 check in 2017 from China funds that originated from a Biden family deal with a CCP-linked company, CEFC China Energy Co., James Biden admitted to the House impeachment inquiry on February 21, according to a transcript reviewed by Breitbart News.
The acknowledgment raises questions about Joe Biden’s previous claims that his family never made money from China.
James Biden maintained his contention that the $40,000 check was allegedly a repayment to satisfy a prior loan, while his lawyer Paul Fishman added that “money’s fungible,” a statement that underscores the obscurity of the Biden business.
Investigators reminded James that his bank account “did not have sufficient funds” to make the $40,000 alleged loan repayment on his own, “so it is traceable.”
Subpoenaed bank records show James Biden’s bank account only had about $50 before the infusion of cash from a web of entities just days beforehand.
“Where did you believe the source of the money that was going into Owasco, prior to being sent to you, was coming from?” an investigator asked James Biden.
“CEFC,” the president’s brother admitted.
Hunter Biden maintained a different story during his deposition on Wednesday. . . .
https://www.breitbart.com/politics/2024/03/02/james-biden-admits-joe-biden-got-40k-china-funds-alleged-loan-repayment/
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I've never heard a Democrat admit that money is fungible. But by doing so, they are basically admitting that the $40k that Joe Biden received came from China.
Also, if they are insisting that this was a "loan repayment" then there should be a record of the money being paid out from Joe Biden to James Biden. Because without that, this becomes a case of tax evasion since it is highly unlikely Joe Biden declared that $40k payment as income.
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Sounds like an influence-peddling and money laundering corrupt enterprise.