Jesse Saunders
11 May 2023
Republicans Reveal Biden Bank Records - $10 Million Reasons for Inditement
Bank records obtained by the House Oversight Committee reveal that the Biden family and its business associates established over 20 companies in a complex network designed to conceal funds received from foreign nationals. According to GOP lawmakers, foreign companies routed payments to the Bidens through their business associates' companies, which then distributed funds in smaller increments to various bank accounts. This alleged “financial gymnastics” allowed the Bidens to conceal the source of the money.
The records show that at least nine Biden family members received payments totaling over $10 million from foreign nationals and their related companies. The payments occurred while Joe Biden served as Vice President and after his time in office. Many of the payments came from Chinese nationals and companies linked to the Chinese Communist Party.
The Committee also revealed that the Bidens and their associates’ business dealings in Romania “bear clear indication of a scheme to peddle influence” from 2015 to 2017. At the time, then-Vice President Biden spoke out against Romanian corruption while the Bidens received over a million dollars from a company controlled by a Romanian national, Gabriel Popoviciu. Popoviciu sent the money through a Biden family associate, with 16 of the 17 payments taking place while Biden was still in office.
The Bidens also received millions of dollars from China, with the Committee stating that it is “inconceivable that the president did not know” about the payments. The information was obtained through subpoenas to four banks, and the Committee believes there are up to 12 banks with relevant records.
In March, the Committee revealed that Hunter Biden, James Biden, Hallie Biden, and an unknown fourth Biden received $1.3 million in payments from accounts related to Biden family business associate Rob Walker in 2017. The payments came shortly after Walker received a $3 million wire from a Chinese energy company. Robinson Walker, LLC, a company associated with James Gilliar, another business partner to Hunter Biden, then wired $1,065,000 to European Energy and Infrastructure Group in Abu Dhabi.
The Biden family members and their companies then began receiving incremental payments over a period of approximately three months, with Hallie Biden receiving $25,000, Hunter Biden's account receiving $500,000, and James Biden's account receiving $360,000. The memo also revealed that Walker’s account sent money to Biden family members in 2015 while Joe Biden was still in office.
Bank records obtained by the Congressional Oversight Committee have revealed that a firm affiliated with CEFC China Energy, State Energy HK Limited, wired $3 million to Robinson Walker, LLC on March 1, 2017. This was just two months after former Vice President Joe Biden left office. Robinson Walker, LLC then wired $1,065,000 to the European Energy and Infrastructure Group in Abu Dhabi, a company associated with James Gilliar, another business partner to Hunter Biden.
According to the memo, the Biden family members and their companies began "receiving incremental payments over a period of approximately three months." Hallie Biden received $25,000 on March 20, 2017, while an unknown bank account identified as "Biden" received $70,000 from Robinson Walker, LLC between March and May of 2017.
During the same time frame, an account belonging to Hunter Biden received $500,000, and an account belonging to James Biden received $360,000.
The memo also revealed that in 2015, Robinson Walker, LLC received a wire transfer of $179,836.86 from an overseas bank account of an unidentified company. The transfer was split between Walker, Gilliar, and the Biden family. Hunter Biden's account received $59,000 in November 2015.
The revelations have raised questions about potential conflicts of interest for the Biden family, particularly for Hunter Biden, who has faced scrutiny over his business dealings in Ukraine and China. The memo noted that Robinson Walker, LLC sent money to the Biden family while Joe Biden was still in office, further fueling concerns over whether the former vice president used his position to benefit his family.
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