Biden Family got piece of 3 million windfall from Chinese company – “It is unclear what services were provided to obtain this exorbitant amount of money.”
WASHINGTON — House Oversight Committee Chairman James Comer revealed Thursday that subpoenaed bank records indicate President Biden’s daughter-in-law Hallie was the previously unknown family recipient of Chinese cash in 2017, The Post can exclusively reveal.
President Biden, who allegedly was the “big guy” mentioned in communications about the same Chinese venture, dined at Hallie Biden’s residence last Friday during his regular weekend trip home to Delaware. It’s unclear if they discussed the looming bombshell, which Comer (R-Ky.) publicly teased Monday night on Fox News’ “Hannity.”
The records show Hallie Biden received $35,000 over two transfers in 2017 from Biden family associate John “Rob” Walker after he received $3 million on March 1, 2017, from the Chinese State Energy HK Limited, a firm affiliated with CEFC China Energy.
One transfer to Hallie from Robinson Walker LLC was for $25,000 on March 20 of that year, Comer’s staff wrote in a Thursday morning memo to committee members.
The information creates an unexpected new avenue for investigation — and the memo notes the bank records don’t include the first names of all Biden family recipients, meaning there may be others involved.
Hallie Biden is the widow of Beau Biden, who died of brain cancer in 2015, and the mother of two of the president’s grandchildren, Natalie and Robert Hunter. She dated the president’s other son, Hunter Biden, from around 2016 to 2019.
“Democrats described our subpoena as providing nothing more than records for Papa John’s and Starbucks, but they failed to mention the records we’ve received documenting the Biden family’s business schemes,” Comer told The Post, referring to committee ranking member Rep. Jamie Raskin’s disclosure of the subpoenas this week.
“Over the course of several years, members of the Biden family and their companies received over $1.3 million in payments from accounts related to their associate, Rob Walker,” Comer said. “Most of this money came as a result of a wire from a Chinese energy company and went not only to Hunter and James Biden but also to Hallie Biden and an unknown ‘Biden.’”
Comer added, “It is unclear what services were provided to obtain this exorbitant amount of money.”
More than a third of the $3 million that Walker’s firm received was forwarded to Biden family associate James Gilliar and “almost the exact same amount,” $1,065,000, was distributed among Biden family members over three months, the committee memo says.
The staff memo says the bank records raise questions for investigators, including “why Hallie Biden — publicly reported to work as a school counselor — received money from Robinson Walker, LLC; and … who the account holder is for the bank account entitled ‘Biden.’”
Republicans have accused Biden of being too soft on China on issues such as determining the origins of COVID-19, which killed more than 1 million Americans, and stopping fentanyl exports, which killed about 196,000 Americans from 2018 to 2021 alone.
Meanwhile, online business records indicate the first son still owns a 10% stake in state-backed BHR Partners, which says it manages $2.1 billion in assets.
Hunter co-founded BHR Partners in 2013 within weeks of joining then-Vice President Biden aboard Air Force Two on an official trip to Beijing, according to the Wall Street Journal.
Hunter introduced his dad to BHR CEO Jonathan Li in a hotel lobby and Joe Biden later wrote college recommendation letters for Li’s children.
Hunter Biden is under federal investigation by the US attorney’s office in Delaware for possible tax fraud, illegal foreign lobbying, and other crimes.
The first son has said that he paid as much as “half” of his income to his father.
The bank subpoena revelations come as the Oversight Committee ramps up its investigation into the Biden family’s foreign dealings.
Sam Bankman-Fried secretly transferred $2.2 bn from FTX to his personal account and five members of his inner circle took $1 bn more before crypto exchange collapsed, bankruptcy court filings claim
Bankman-Fried and five of his friends transferred $3.2 billion in total to their personal accounts as ‘payments and loans’ using funds primarily coming from Alameda Research, a crypto trading hedge fund
Sam Bankman-Fried secretly transferred $2.2 billion from FTX to his personal account and $1billion to five members of his inner circle before the cryptocurrency exchange collapsed, according to bankruptcy court filings.
Bankman-Fried and five of his friends transferred $3.2 billion in total to their personal accounts as ‘payments and loans’ using funds primarily coming from Alameda Research, a crypto trading hedge fund affiliated with FTX, according to financial statements filed with the bankruptcy court in Delaware on Wednesday night, according to the Financial Times.
John Ray, who was appointed chief executive of FTX after the Chapter 11 bankruptcy filings in November, has been in charge of locating cryptocurrency and other assets in order to return it to millions of FTX customers whose accounts have been frozen since the bankruptcy.
Bankman-Fried is currently facing several federal charges related to FTX’s collapse as he is accused of looting the platform for personal gain as well as securities fraud.
He has pleaded not guilty and is detained at his parents’ house in California until the trial starts in October.
Not included in the $3.2 billion he is accused of taking are a $240 million ‘luxury property in the Bahamas’, ‘political and charitable donations’ and ‘substantial transfers’ to subsidiaries, according FTX’s management.
Three FTX insiders – Nishad Singh, Gary Wang and Caroline Ellison – have previously pleaded guilty are co-operating with prosecutors.