BY Staff WritersSeptember 24, 2023
2 months ago

GOP predicts that Biden received $50M more than shown

The Biden administration is under intense scrutiny following a GOP report suggesting they might have received a staggering $50 million, a figure much higher than previously disclosed.

Republican lawmakers have been diligently investigating the Biden family's financial dealings.

Their research indicates that the Biden business might have amassed over $50 million.

Investigation reveals startling numbers

This is a whopping $30 million more than what bank records have shown so far.

Rep. Nancy Mace (R-SC) expressed her concerns on Fox News, stating that the evidence points to a figure exceeding $50 million. The House Oversight Committee has been at the forefront of this investigation. They have unveiled several batches of bank records related to the Biden business.

These records reveal transactions amounting to at least $20 million. These funds are linked to business activities in countries like Romania, China, Russia, Ukraine, and Kazakhstan. Shockingly, nine members of the Biden family, including two of Joe Biden's grandchildren, seem to have benefited from these foreign business ventures.

Allegations of political corruption

Rep. Nancy Mace didn't hold back her thoughts. She boldly stated that this could be one of the most significant political corruption cases in U.S. history. She emphasized the importance of presenting all the evidence to the American public.

House Oversight Committee Chair James Comer (R-KY) echoed Mace's sentiments during a conversation with Fox News's Sean Hannity. When questioned about the predicted $50 million figure, Comer affirmed its plausibility Breitbart reported.

Comer highlighted that they have yet to access the personal bank records of Jim Biden, Joe Biden's brother. Jim Biden's involvement in a $140 million settlement deal in 2012 between a U.S. company and the Saudi Arabian government has raised eyebrows. This deal was allegedly facilitated due to his ties with then-Vice President Joe Biden.

Further probes into Biden's finances

Comer revealed plans to subpoena both Hunter and James Biden for their personal and business bank records. This move is expected to happen soon. The committee had previously shown restraint, hoping to maintain good faith in their investigations.

However, Hunter Biden declined the committee's request for bank documents and communications earlier in February. He argued that there was no "legitimate legislative and oversight basis" for such a request.

Comer expressed his belief that the money transfers were meticulously planned. He described it as an "organized crime ring" due to the intricate use of LLCs and shell companies. He further added that Joe Biden was deeply involved and was fully aware of his family's actions.

White House and media response

Despite these allegations, the White House, along with some Democrats and media outlets, have dismissed the claims. They argue that there's no substantial evidence to warrant an impeachment inquiry into Joe Biden.

Abbe Lowell, Hunter Biden's lawyer, spoke to CNN. He stated, "Hunter did not share his business with his dad." He further clarified that Joe Biden never benefited financially from Hunter's business ventures.

Interestingly, this statement marks a significant shift in narrative. Previously, Joe Biden and his team had consistently claimed that he never discussed business with Hunter and wasn't involved in any of his son's ventures.

Conclusion

  • The GOP report suggests the Biden administration might have received $50 million, much higher than previously disclosed.
  • Records reveal transactions amounting to at least $20 million linked to business activities in various countries.
  • Comer plans to subpoena both Hunter and James Biden for their bank records.
  • The White House and some media outlets dismiss the allegations, citing a lack of evidence.
  • Abbe Lowell, Hunter Biden's lawyer, denies Joe Biden's involvement in his son's business ventures.

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Written by: Staff Writers

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