Connect with us

Hi, what are you looking for?

U.S. News

James Biden Admits That Brother Joe Got $40,000 In China Funds

via The White House
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

James Biden testified before the House regarding financial dealings involving his brother Hunter Biden and Chinese business interests.

He confirmed writing a $40,000 check to his brother Joe Biden in 2017 using funds from CEFC China Energy, a company linked to the Chinese government.

James had previously told the IRS that Hunter Biden described CEFC’s chairman as a protege of China’s president.

“Where did you believe the source of the money that was going into [Hunter Biden’s company] Owasco, prior to being sent to you, was coming from?” an IRS investigator asked James.

“It was sweat equity, mainly, in dealing with him in terms of his other ventures,” James said.

“I was looking for investments from Qatar, again, in infrastructure projects. They were building hotels in Miami,” he later said.

James maintained he did not believe CEFC was controlled by China.

“James testified that he scouted out natural gas investments for CEFC along the Gulf Coast, but that the major proposals fell through — though he and Hunter Biden still netted millions from the partnership,” The Post wrote. “Joe Biden allegedly interacted with multiple CEFC business partners.”

He also received over $800,000 from an Argentinian businessman between 2022-2023 for unsuccessful business efforts, including attempting to partner with CEFC.

James used a $200,000 loan to repay another alleged loan to Joe Biden in 2018.

While Democrats say this indicates familial support, Republicans argue it suggests Joe Biden benefited from his family’s foreign transactions while he engaged with their business associates, including from CEFC.

Most Popular:

FBI Informant Who Criticized Biden Gets Bad News

Drag Queen Principal Learns His Fate Amid Controversy

You May Also Like

Entertainment

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Politics

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Politics

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Entertainment

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...