House Oversight Report: Bank Records Show Pattern of Biden Family Influence Peddling While Joe Biden Was V.P.

On Wednesday, the House Oversight and Accountability Committee released “astonishing” new findings in their months-long investigation into the Biden family’s influence-peddling operation, including transfers of millions of dollars from foreign entities to the Biden family.

During a press conference Wednesday morning, Oversight Committee Chairman James Comer (R-Ky.) noted that many of these wire transfers occurred while Joe Biden was Vice President “leading the United States’ efforts in those countries.”

The Republican-led panel’s second interim report provides clear evidence in the form of bank records proving that Hunter Biden received money directly from China and was involved in a business deal with a Romanian figure accused of corruption.  The 36-page report also shows that Hunter helped arrange a meeting between one of his foreign business associates and someone in his father’s vice presidential office. The bank records uncovered by House investigators thus far reveal that the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ companies.

“The committee has uncovered evidence indicative of influence peddling and financial deception warranting further investigation and legislative solutions,” Comer’s panel wrote in the report. “Biden family members and business associates created a web of over 20 companies—most were limited liability companies formed during Joe Biden’s vice presidency.”

During the presser Wednesday, Comer named the nine Biden family members who received wire transfers from foreign entities via Hunter’s shell companies.

The panel’s findings directly contradict Joe Biden’s denials regarding his family’s overseas business deals, and corporate media’s claims that none of the corruption occurred while Biden was vice president.

“Many in the media have said no transactions happened while Joe Biden was vice president. We’ve proven that wrong,” Comer said during the presser Wednesday morning. “Joe Biden said in 2020 that his family never took any money from China. Today we have proven that wrong. We believe that the president has been involved in this from the very beginning, obviously,” Comer added. “We are in the beginning stages of this investigation.”

Comer said Republican investigators have detected a disturbing pattern in which Hunter Biden and his partners brokered lucrative business deals with allegedly corrupt foreign entities in countries where his father had official U.S. policy responsibilities while vice president.  This pattern was first exposed years ago when Hunter was given a lucrative position on the board of the Ukrainian energy company Burisma Holdings, which U.S. officials deemed corrupt.

Republican investigators found that the Bidens attempted to conceal suspect financial transactions with foreign companies by receiving payments incrementally over time to different bank accounts. Chinese nationals and companies with significant ties to the Chinese Communist Party allegedly hid the source of the money by layering domestic limited liability companies.

“These complicated financial transactions appear to conceal the source of the funds and reduce the conspicuousness of the total amounts made into the Biden bank accounts,” the report states.

Panel investigators also discovered a series of transactions between 2015 and 2017 with a corrupt Romanian businessman named Gabriel Popoviciu, who was charged and convicted by Romanian prosecutors with a bribery-related offense in 2016. Popoviciu hired Hunter in 2015 as part of an influence campaign to persuade anti-corruption prosecutors to cut a deal or drop the case.

According to the Committee’s report, companies tied to Hunter Biden began receiving payments from the Romanian businessman shortly after then-Vice President Joe Biden met with Romania’s president at the White House in September 2015 to discuss, ironically,  “anticorruption efforts and rule of law.” A year earlier, Biden made a similar speech in Romania.

“The Committee is further concerned that while Vice President Biden advocated publicly for anti-corruption policies in Romania, bank records show Biden family members and business associates were simultaneously reaping in significant amounts of money from a Romanian individual at the center of a Romanian corruption scandal,” the report said.

About five weeks after Joe Biden met with the Romanian president at the White House,  Popoviciu’s company Bladon Enterprises Limited began making deposits into a bank account of a company called Robinson Walker LLC, controlled by one of Hunter Biden’s associates, according to the report.

“From November 2015 to May 2017, Bladon Enterprises paid Robinson Walker, LLC over $3 million,” the report noted. “Biden family accounts received approximately $1.038 million from the Robinson Walker, LLC account after Bladon Enterprises deposits. Sixteen of the seventeen payments from Bladon Enterprises to Robinson Walker, LLC were made while Joe Biden was Vice President.”

The committee said it looked like the Robinson Walker account was established to hide the fact that some of the monies would be routed to members of the Biden family. On Nov. 5, 2015, for example, Bladon Enterprises wired $179,836.86 into the Robinson Walker, LLC bank account and a day later a third of the amount was transferred to Hunter Biden, the report said. In a separate transaction, $84,000 of a $172,000 payment from Bladon to Robinson Walker was reportedly routed to Biden family members, including Hunter Biden and his former girlfriend Hallie Biden, who is also the widow of Beau Biden.

The pattern continued up until early 2017 when Joe Biden left office, Comer’s investigation found.

“The money stops flowing from the Romanian national soon after Joe Biden leaves the vice presidency,” Comer noted during a news conference on Wednesday. “This is a pattern of influence peddling.”

The Committee said it would continue to investigate “Hunter Biden and his business associates’ engagement with U.S. government officials on behalf of Popoviciu.”

The report also reveals bank records that directly contradict Joe Biden’s claim during a presidential debate in October 2020 that his son never received money from China.

“My son has not made money in terms of this thing about, what are you talking about, China,” Biden said. “I have not had—The only guy who made money from China is this guy [Donald Trump]. He’s the only one. Nobody else has made money from China.”

According to the panel’s report, “the bank records refute President Biden’s statement.” House investigators found  that “in 2017 alone, bank records show President Biden’s family and their related companies received millions of dollars from Chinese foreign nationals’ companies.”

One bank receipt highlighted in the report shows a transaction from August 2017 between a Hunter Biden firm and the Chinese energy firm CEFC.

“The bank records establish Owasco P.C., Hunter Biden’s professional corporation, received $100,000 that was funded by Shanghai Huaxin in China,” the report said, pointing out that Joe Biden has repeatedly stated, amid mounting evidence to the contrary, that he and his office had no business dealings with Hunter Biden’s business clients.

The report Wednesday offered a additional evidence involving the Serbian businessman Vuc Jeremic, who was involved in the CEFC deal.

“Evidence indicates Hunter Biden and his associates sought to help Jeremic with this campaign by leveraging their connection with the Office of the Vice President (OVP). In an email dated June 16, 2016 (one day after the third payment above), Jeremic wrote Hunter Biden and Eric Schwerin (a Biden family associate) asking if he could ‘meet with VPOTUS National Security Advisor Colin Kahl’ related to the elections for UN Secretary General. Eric Schwerin wrote to Hunter Biden, ‘Think about how you want to respond . . . . . .’

“On July 2, 2016, Jeremic informed Hunter Biden and his business associates in a follow up email, ‘[m]y meeting with Colin did not last very long, but didn’t go too bad, I think. What is suboptimal is that OVP seems to be outside the decision-making loop on the UNSG elections issue. Colin promised to get better informed on what’s going on at the moment.’

“It appears from the evidence that: (1) a Biden administration official met with Jeremic to discuss the UN Secretary General election at the direction of Hunter Biden and/or his business associates, (2) State Energy HK made $3 million in payments to CIRSD around the timeframe of Jeremic’s campaign, (3) and soon after Vice President Biden left public office in 2017, the same company—State Energy HK—made a $3 million payment to Robinson Walker, LLC—and over $1 million of that amount then went to the Bidens.”

According to the report, Jeremic has thus far declined to assist the congressional investigation.

“Ultimately, we believe the Biden family and their associates courted business in countries that correlated directly with Joe Biden’s work as Vice President,” Oversight Republicans said in a Tweet. “This is also not normal. It is not ethical. And this is why we are working towards legislative solutions.”

White House, spokesperson Ian Sams slammed the Republican panel’s report in a statement Wednesday, calling it “an evidence-free, politically-motivated ‘investigation.'”

“House Oversight Committee Chairman James Comer is loudly and proudly broadcasting a press conference today to continue his long pattern of making absurd claims that President Biden has made governing decisions not in the interest of America, but of the Chinese Communist Party, using baseless claims, personal attacks, and innuendo to try to score political points,” Sams wrote in the White House memo.

He added that Comer “has been promising – then failing to deliver – this press conference for weeks, raising questions about his shoot-first, figure-it-out later approach to what is clearly an evidence-free, politically-motivated ‘investigation.”

Comer announced that Republicans would be holding a press conference Wednesday on Fox News’ “Sunday Morning Futures” on May 7.

In response to the White House, Communications Director at House Committee on Oversight and Accountability Jessica Collins told American Greatness “Bank records don’t lie but the Bidens do. The Oversight Committee has obtained thousands of pages of financial records that document the Biden family’s influence peddling schemes. The White House is trying to distract from the concrete evidence obtained by the Oversight Committee. Chairman Comer and Committee Republicans will present evidence and continue this investigation to determine whether the Bidens were targeted by foreign actors, President Biden is compromised, and national security is threatened.”

The entire presser below:

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About Debra Heine

Debra Heine is a conservative Catholic mom of six and longtime political pundit. She has written for several conservative news websites over the years, including Breitbart and PJ Media.

Photo: (Photo credit should read ARMEND NIMANI/AFP via Getty Images)

Notable Replies

  1. We already knew that POTUS was both a gangster and a traitor. Now there is no doubt. Why the heck have impeachment preceeding not yet started? It’d be the first non-bs, political impeachment in my 62 years. So be it if that leaves the cackler in charge. This disgusts me. I wanna be proud of this group and believe they actually accomplised something. Do not pull that football away, Lucy!

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