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Bidens Used Web of Shell Companies to Conceal Foreign Cash, Bank Records Obtained by House GOP Reveal

Posted on Wednesday, May 10, 2023
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The Biden family and its business associates created a complicated web of more than 20 companies, according to bank records obtained by the House Oversight Committee — a system, GOP lawmakers say, that was meant to conceal money received from foreign nationals.

Sixteen of the companies were limited liability companies formed during Joe Biden’s tenure as vice president, the committee said in a press conference on Wednesday. The Biden family, their business associates, and their companies received more than $10 million from foreign nationals’ and their related companies, the records show. These payments occurred both while Biden was in office as vice president and after his time in office ended.

In what Representative Nancy Mace called an act of “financial gymnastics,” many payments were routed from foreign companies to the Biden family’s business associates’ companies which then doled out payments to the Bidens in incremental payments to different bank accounts in an alleged attempt to hide the source of the funds.

At least nine Biden family members received payments, according to committee chairman James Comer. That includes Hunter Biden; James Biden; James Biden’s wife, Sara Jones Biden; the late Beau Biden’s wife, Hallie Biden; Hunter Biden’s ex-wife, Kathleen Buhle; Hunter Biden’s wife, Melissa Cohen; and “three children of the president’s son and the president’s brother.”

Much of the money came from Chinese nationals and companies with ties to the Chinese Communist Party. Multiple Biden family members received money after it passed through an associate’s account. Comer said of the countries the Biden family was influence peddling in, China is “the most reputable.”

The committee revealed Wednesday that records suggest the Biden family and its 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 Biden family received more than a million dollars from a company controlled by a Romanian national, Gabriel Popoviciu. Popoviciu, who has been accused of corruption, sent the money through a Biden family associate, according to the committee. Sixteen of the seventeen payments involved in the deal occurred while Biden was still in office. The money “stops flowing from the Romanian national soon after Joe Biden leaves the vice presidency,” Comer said. 

The Bidens also received “millions of dollars from China,” with Comer saying it is “inconceivable that the president did not know” about the payments.

Comer said the information revealed Wednesday is the result of subpoenas to four different banks and stressed that the committee is still early in its investigation and believes there are as many as 12 banks with records relevant to its investigation.

In March, the committee previously revealed that Hunter Biden, James Biden, Hallie Biden and an unknown fourth Biden received a total of $1.3 million in payments from accounts related to Biden family business associate Rob Walker in 2017, shortly after Walker received a $3 million wire from a Chinese energy company.

The subpoenaed bank records show that State Energy HK Limited, a firm affiliated with CEFC China Energy, wired $3 million to Robinson Walker, LLC on March 1, 2017 — less than two months after then-vice president Joe Biden left office. The following day, Robinson Walker, LLC wired $1,065,000 to European Energy and Infrastructure Group in Abu Dhabi, a company associated with James Gilliar, another business partner to Hunter Biden.

The Biden family members and their companies then began “receiving incremental payments over a period of approximately three months,” the committee’s memo from March states. “The recipients of the money included Hallie Biden, companies associated with Hunter Biden and James Biden, and an unknown bank account identified as ‘Biden.’”

The unknown “Biden” account received $70,000 from Robinson Walker, LLC between March and May of 2017, according to subpoenaed bank records obtained by the committee.

Robinson Walker LLC sent Hallie Biden $25,000 on March 20, 2017, according to the memo. One month earlier, she received a $10,000 transfer from Robinson Walker LLC shortly before it received the $3 million payment.

Meanwhile, an account belonging to Hunter Biden received $500,000 during that time frame, while an account belonging to James Biden received $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.

“On November 5, 2015, Robinson Walker, LLC received a wire from a company (the Committee continues to investigate the identity of the account holder for this company) that had an overseas bank account in the amount of $179,836.86,” the memo adds. That amount appears to have been split between Walker, Gilliar and the Biden family. Hunter Biden’s account received $59,000 on November 2015.

Brittany Bernstein is a news writer for National Review Online.

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David Millikan
David Millikan
1 year ago

As I said from the beginning…Dictator Beijing biden and Hunter are BOTH GUILTY of Espionage and Treason.
Dictator Beijing biden is in the White House ILLEGALLY and UNCONSTITUTIONALLY.

Jack
Jack
1 year ago

So what will happen?
Anyone?
Anyone?

Deborah
Deborah
1 year ago

While they think they are controlling the country, they are deceiving themselves not knowing that deceptive wages are costing them all their lives. The only comfort in hearing that evil is freely replicating itself over and over again in corruptive government, is the fact that the story ends with God restoring the earth and giving it to the true heirs of faith, with King Jesus- Lord of Heaven and Earth who then submit all things to the Father. We have an anchor of hope in Jesus who dwells in high. Biden family have nothing in Him.

GTPatriot
GTPatriot
1 year ago

This is really sad but has been suspected for months. A president ( or any govt official) cannot resort to fraud or influence peddling. Its actually treason. I know this crime has gone on for centuries but we have to require some degree of honesty or we are all doomed. We must demand a minimum level of performance.

Morris
Morris
1 year ago

I guess after you get away with all the lies and dirty deeds you begin to believe there will be no consequences for your actions. America is a country made up of a lot of Christians whom many have been persecuted for their faith. The grim reaper cometh and eternity is along time to spend with Beelzebul, Jeffry Dahmer, Jack the Ripper, Mayo ZeDuong, Joseph Stalin, Adolf Hitler………..

Mjb
Mjb
1 year ago

Think about what would happen to the average person in this country if just one of these allegations was brought before the justice department and the IRS ! The Bidens may have as many as 18 crimes committed over the past 20 years and it seems that no one in congress gives a damn . If you think that the US justice system is fair and equal then you should see a psychiatrist!! ARM yourselves, you’ll soon need arms to protect yourself!!!

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