Staff Reports
Recent reports indicate that President Joe Biden might have been the beneficiary of two installments from his brother, James Biden, totaling $240,000, paid a year apart. The records, which were acquired by the Washington Examiner, appear to corroborate the White House's claim that the purpose of these checks was loan repayment. Nevertheless, Republicans have expressed apprehensions that these payments suggest Joe Biden personally gained from the private business dealings of his family, an allegation he has consistently refuted.
Joe Biden may have lent James Biden money to justify 'loan' repayments, bank records show
DETAILS: https://t.co/U15EBGQe5D https://t.co/U15EBGQe5D
— Washington Examiner (@dcexaminer) November 8, 2023
James Biden wrote two checks to his brother, one for $40,000 in 2017 and another for $200,000 in 2018, according to the bank records. These checks were deposited mere weeks after he had received comparable sums from companies with which he had affiliations. According to wire transfers in the possession of the House Oversight Committee, the funds sent by James Biden were owed to Joe Biden via an account managed by his attorneys.
On July 28, 2017, the initial wire transfer of $40,000. This transfer originated from an account under the supervision of Joe Biden's attorneys. James Biden subsequently repaid his brother the precise amount on September 3, 2017. A similar pattern was observed in the second wire transmission of $200,000. James Biden deposited the funds and subsequently remitted an equivalent check to Joe Biden.
It is noteworthy to mention that the origin of these wire transfers was an account under the custody of Joe Biden's attorneys at a law firm affiliated with multiple Biden family members. This gives rise to doubt regarding the veracity of the money as a loan or whether it was an instrument of a larger strategy to obscure the true nature of these transactions.
Critics contend that irrespective of the loan status of these payments, they nonetheless demonstrate Joe Biden's exploitation of his family's business connections and transactions. The spokesperson for the House Oversight Committee asserts that the funds originated from influence trafficking by members of the Biden family, thereby emphasizing the unethical nature of these transactions.
James Comer, the chairman of the House of Oversight, has emphasized the significance of these disbursements irrespective of whether or not they were loans. He follows in the long line of critics who allege that James Biden exploited his family name to secure lucrative domestic and international business transactions. The scrutiny and criticism that continue to surround the business partnerships of Joe Biden's family are deeply ingrained.
