Hunter Biden paid Joe Biden using a business account in 2018, according to bank records
House Oversight Committee Reveals Hunter Biden’s Payments to President Joe Biden
The House Oversight Committee, led by Chair James Comer (R-KY), has released bank records that expose payments made by Hunter Biden’s company, Owasco PC, to President Joe Biden in 2018. Owasco PC served as a vehicle for handling the income Hunter Biden received from his foreign business ventures, including his work with Ukrainian energy company Burisma and a Romanian oligarch.
The bank statement, made public on Monday, reveals that Owasco PC transferred $1,380 to Joe Biden on September 17, 2018. The committee only released documentation for this singular payment, but an aide from the Oversight Committee confirmed that at least three monthly payments were made to Joe Biden, including one on October 15, 2018, and another on November 15, 2018.
“Today, the House Oversight Committee is releasing subpoenaed bank records that show Hunter Biden’s business entity, Owasco PC, made direct monthly payments to Joe Biden,”
Comer stated. “This wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world.”
The significance of these bank records lies in the fact that they involve transactions related to Owasco, Hunter Biden’s primary business entity at the time, rather than his personal bank account. Owasco served as a hub for managing the income generated from Hunter Biden’s foreign business dealings during his father’s vice presidency and afterward.
In addition to payments from Ukrainian and Romanian businesses, Owasco was also used to collect income from a partnership with Chinese government-linked CEFC, an energy conglomerate in China. Bank records previously released by the committee revealed that millions of dollars were placed into a joint venture owned by Hunter Biden and a Chinese CEFC executive. Hunter Biden subsequently withdrew hundreds of thousands of dollars from the joint venture and deposited them into his Owasco account.
“At this moment, Hunter Biden is under an investigation by the Department of Justice for using Owasco PC for tax evasion and other serious crimes,”
Comer revealed. “And based on whistleblower testimony, we know the Justice Department made a concerted effort to prevent investigators from asking questions about Joe Biden. I wonder why?”
The IRS and Justice Department have been investigating Hunter Biden’s tax compliance, particularly regarding Owasco’s finances. IRS agents and prosecutors discovered that Hunter Biden had emptied the Owasco offices in Washington, D.C., and stored all the company’s documents in a unit in northern Virginia. When investigators prepared to request a search warrant for the storage unit, a prosecutor from the Delaware U.S. attorney’s office contacted Hunter Biden’s lawyers, alerting them to the investigation’s focus on the Owasco records.
According to IRS whistleblowers, Hunter Biden’s former business partner, Eric Schwerin, encouraged the establishment of Owasco PC to assist with Hunter Biden’s tax compliance issues. The purpose of Owasco was to ensure that consulting fees and other income had withholdings to offset the taxes owed.
Investigators also scrutinized expenses claimed by Hunter Biden on his tax returns, including payments to alleged prostitutes that he attempted to write off as business-related. The White House has dismissed the House Republican investigation as a “stunt” and denied any allegations of Joe Biden profiting from his son and brother’s foreign business deals.
Who is Rob Walker?
Rob Walker (born 1968) is an American journalist, author and educator, whose primary interests include design, business, technology, consumer culture, and the arts. Companies, as mentioned by Chair Comer. These financial transactions raise concerns about potential conflicts of interest and influence over US policies, especially given that Joe Biden served as Vice President at the time when Hunter Biden was conducting these business activities.
The House Oversight Committee’s release of these bank records adds to the ongoing controversy surrounding Hunter Biden’s business dealings and their potential impact on the integrity of the Biden administration. The revelations come at a time when the Biden administration is facing scrutiny over its approach to China and its handling of foreign policy matters.
Critics argue that these transactions create a conflict of interest for President Biden, as his son was actively involved in lucrative business ventures overseas. They raise questions about whether Biden’s decision-making may have been influenced by his son’s financial interests.
Furthermore, the timing of these payments is worth noting. The payments to Joe Biden occurred in 2018, during a period when there were discussions about potentially launching Joe Biden’s presidential campaign. This raises concerns about whether these payments were made with any expectation of political favor or access to power.
While no evidence of wrongdoing has been presented, the disclosure of these payments emphasizes the need for transparency and accountability from public officials. It highlights the importance of ensuring that there is no undue influence or impropriety in the decision-making processes of our elected leaders.
The House Oversight Committee’s release of these bank records is part of its responsibility to oversee and investigate potential ethical violations or conflicts of interest. It is crucial that such investigations are conducted impartially and thoroughly, ensuring that any allegations are examined and addressed accordingly.
As the public becomes aware of these transactions, it is essential for the Biden administration to be forthcoming and transparent about the nature of these payments and whether they had any influence on policy decisions. This transparency is essential for maintaining public trust and confidence in the administration.
In conclusion, the House Oversight Committee’s release of Hunter Biden’s bank records revealing payments made to President Joe Biden raises important questions about potential conflicts of interest and influence over US policies. The transparency and accountability of our elected officials are paramount in ensuring the integrity of our democratic processes. It is crucial that any allegations of wrongdoing are thoroughly investigated, and appropriate actions are taken to address them.
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