Joe Biden and his people claimed that he had nothing to do with Hunter’s business dealings. And then it turned out that Joe met with Hunter’s clients and dropped by business meetings. And Hunter sent demands for payments to China in his father’s name.
The fallback argument was that there was no evidence of a paper trail showing that Joe Biden was getting paid.
Then came the documents showing a few payments labeled as “loan repayments”. And those were just dismissed as loan repayments. Now we have a trail of steady payments as exposed by Rep. James Comer and the House Oversight Committee.
Today, House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) released subpoenaed bank records revealing Hunter Biden’s business entity, Owasco PC, made direct monthly payments to Joe Biden. Hunter Biden is currently under an investigation by the Department of Justice for using the Owasco PC corporate account for tax evasion and other serious crimes…
Financial records obtained show Hunter Biden’s business account, Owasco PC, received payments from Chinese-state linked companies and other foreign nationals and companies.
This is a series of monthly payments which means it’s not a one-off.
An Oversight Committee aide told Breitbart News the committee is aware of at least three monthly payments for $1,380 on the following dates:
September 17, 2018
October 15, 2018
November 15, 2018
Previously, Hunter Biden had stated, “I hope you all can do what I did and pay for everything for this entire family Fro (sic) 30 years. It’s really hard. But don’t worry unlike Pop I won’t make you give me half your salary.”
Previously, in How Joe Biden Got Paid, I speculated that the arrangement had been set up for plausible deniability in which Joe Biden ‘invested’ in family businesses by loaning them money and then received loan repayments to avoid any direct entanglement in the stuff Hunter and James Biden, his brother, were doing.
Rather than directly investing in family enterprises, Joe Biden might have invested in the family members themselves in the form of personal loans. Those loans were used to finance new business opportunities that monetized access to Joe Biden. When payments came in, Joe Biden got his cut in the form of a “loan repayment”.
While family loans have to be disclosed to the IRS, they don’t have to appear in federal disclosures. For example, the House Ethics Committee states that, “loans made by the filer on which the filer is charging interest must be disclosed, unless the borrower is the spouse, parent, sibling, or child of the filer.” Biden had found a way to take money and avoid disclosing it.
The best way to think about Biden Inc. is that Joe may have been ‘staking’ family members who then went out and used his name and even his personal appearances to do what he could not do personally. The product, as we have already learned from previous messages, was Joe Biden, but he was also the personal bank financing the familial exploitation of his office.
Owasco had been at the center of previous Chinese financial transfers to Joe.
On August 8, 2017, Northern International Capital, a Chinese company affiliated with CEFC, sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong. That same day, Hudson West III sent $400,000 to Owasco, P.C., an entity owned and controlled by Hunter Biden. On August 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by President Biden’s brother James and sister-in-law Sara Biden. On August 28, 2017, Sara Biden withdrew $50,000 in cash from Lion Hall Group. Later the same day, she deposited it into her and James Biden’s personal checking account. On September 3, 2017, Sara Biden cut a check to Joe Biden for $40,000 for a “loan repayment.”
Whistleblowers revealed how the DOJ had worked to sabotage any investigation of Owasco.
On December 10th, 2020, the prosecutorial team met again to discuss the next steps. One piece of information that came out of the day of action was that Hunter Biden vacated the Washington, D.C., office of Owasco. His documents all went into a storage unit in northern Virginia. The IRS prepared an affidavit in support of a search warrant for the unit, but AUSA Wolf once again objected. My special agent in charge and I scheduled a call with United States Attorney Weiss on December 14th just to talk about that specific issue. United States Attorney Weiss agreed that if the storage unit wasn’t accessed for 30 days we could execute a search warrant on it. No sooner had we gotten off the call then we heard AUSA Wolf had simply reached out to Hunter Biden’s defense counsel and told him about the storage unit, once again ruining our chance to get to evidence before being destroyed, manipulated, or concealed.
Now we know why they were so worried.