GOP ‘influence-peddling’ probe into $10M in foreign cash reveals Hunter set up 15 companies AFTER his dad became VP and lay out how money came from China
- A ‘Second Records Memorandum’ expands on information the House Oversight Committee received from subpoena returns into Biden family bank docs
- The memo specifically outlines the Biden family’s ties to Romanian ‘influence peddling’ and a web of LLCs created while Biden was vice president
- Hunter Biden and his associates formed ‘at least 15’ of those companies, after Biden took the office of the vice president in 2009
Republicans are digging in on over $10 million received by Biden family members from foreign actors, including previously undisclosed $1 million in Romanian-linked payments, and a ‘web’ of 20 companies created while President Joe Biden was vice president and pushing anti-corruption efforts abroad.
On Wednesday, House Oversight Committee Republicans led by Chairman James Comer, R-Ky., released a ‘Second Records Memorandum’ that expands on information it received from subpoena returns as the committee continues its investigation into the Biden family’s business practices.
The memo specifically outlines the Biden family’s ties to Romanian ‘influence peddling’ and a web of LLCs created while Biden was vice president. It also accuses President Biden for a ‘lack of transparency’ regarding his family’s receipt of funds from China, which he has said are ‘not true.’
It details the efforts by the family to hide, conceal and confuse sources of money – including more China money, according to a committee aide.
‘It is inconceivable that the president did not know it, and the White House refuses to correct the President’s statement … the president is now using the federal government to run interference for his family and his own role in these schemes,’ said Comer during a press conference announcing the memo Wednesday.
During Biden’s time as vice president, there were 20 companies affiliated with certain Biden family members created intentionally with a ‘complicated corporate structure’ the memo states.
Hunter Biden and his associates, including Rob Walker, formed ‘at least 15’ of those companies, after Biden took the office of the vice president in 2009.
Several of those entities including Owasco P.C. – which Hunter owned – Hudson West III, LLC, Robinson Walker, LLC, and Rosemont Seneca Bohai, LLC, accepted funds from foreign companies ranging from $5,000 to $3 million, the committee says.
Oversight Committee: Biden Family Business Received over $10 Million from Romania, China for Unknown Work
The Biden family business over the course of several years received over $10 million from business schemes in Romania and China in return for what appears to be influence peddling, bank documents obtained Wednesday by Breitbart News from the House Oversight Committee show.
In total, Biden family members and business associates designed a web of over 20 companies, many of which were formed during Joe Biden’s vice presidency, the committee revealed. In total, the Biden family, business associates, and companies received over $10 million from foreign nationals’ companies, the committee found.
The funds appear to contradict President Joe Biden’s claims that his family received no money from China. The funds also raise questions about what the Biden family returned in terms of services or products for the money received.
Chinese Purchasing U.S. Land: U.S. Looks to Tighten Rules
Chinese nationals are partnering with Chinese organized crime groups to buy land and businesses in states like Oklahoma, Texas, and Florida.
Chinese nationals are partnering with Chinese organized crime groups to buy land and businesses in states like Oklahoma, Texas, and Florida. In some cases, the land is being used to grow medical marijuana. In others, the land is being purchased on the perimeter of critical national infrastructure and military bases.
Senator James Lankford (R-OK) wants better oversight of foreign purchases of agricultural land. He also wishes to limit access to U.S. farmland, especially in his home state, where such purchases are growing exponentially. In a bi-partisan bill, Lankford and Senators Jim Risch (R-ID), Thom Tillis (R-NC), and Michael Bennet (D-CO) co-sponsored a bill called the Security and Oversight of International Landholdings (SOIL) Act. Lankford hopes “to provide oversight and transparency of purchases of U.S. agricultural land that threaten national security,” according to his March 30 press release. Lankford originally introduced the bill in 2022.
Bennet says it is time to stop allowing foreign nationals access to American farmland and precious resources. “For too long, Washington has allowed foreign adversaries like China and Russia to buy up American farmland and its precious water resources while our family farmers and economies became collateral damage. For the sake of American growers, farmers, and ranchers, we need to modernize and strengthen our tools to evaluate the risk of these foreign purchases on our supply chains and our national security,” Bennet stated in the press release.
Lankford warned of the Chinese’s exponential growth in land purchases on the Senate floor on March 28. In 2020, the Chinese owned 194,179 acres in the U.S. In 2021, the Chinese bought 383,935 acres, almost doubling their ownership of American land. Lankford wants to close federal loopholes that permit foreign entities to get federal agriculture subsidies here in the U.S. For example, right now, if China were to invest in a land holding of 10 acres or less, disclosure is not required. That could be a problem if those 10 acres happen to surround critical American infrastructure.