James Biden confirmed receiving loans from his brother, President Joe Biden, reportedly linked to the CCP-affiliated energy company CEFC China Energy. The loans totaled $240,000 in 2017 and 2018, as per evidence presented during the House Oversight Committee's impeachment inquiry.
James mentioned having "due debts" and needing money, claiming to have invested in the Chinese energy industry. Despite this, the cause remains a mystery. Bank documents revealed a $46.88 balance before receiving the first payment from his brother. James stated the loans were from family, repaid as interest-only without additional paperwork, and highlighted repayment of two debts from his brother.
On July 28, 2017, he received the $40,000 wire, and on September 3, less than two months later, he returned Joe's money. On January 12, 2018, he got a second wire transfer of $200,000, which he handed back to his older brother on March 1.
James mentioned earning $200,000 from his work at Americore to repay his brother quickly. He didn't reveal the exact source but stated, "It came from money that I made at Americore." The Biden family's ties with CEFC ended in 2018, yet it was lucrative for James, Hunter, and their associates.
Though James Gilliar, a Biden family associate, sent an email in May 2017, Joe Biden has categorically denied any role in the commercial agreements. Gilliar said that the president was considered "the big guy." Additionally, the email disclosed Joe Biden's desire for a 10% stake in a potential joint venture with CEFC.
Hunter and James Biden earned 5.1 million dollars in their accounts in ten days after the email's sending. The House Republicans' investigation into the 46th president's impeachment includes this testimony.
James mentioned having "due debts" and needing money, claiming to have invested in the Chinese energy industry. Despite this, the cause remains a mystery. Bank documents revealed a $46.88 balance before receiving the first payment from his brother. James stated the loans were from family, repaid as interest-only without additional paperwork, and highlighted repayment of two debts from his brother.
On July 28, 2017, he received the $40,000 wire, and on September 3, less than two months later, he returned Joe's money. On January 12, 2018, he got a second wire transfer of $200,000, which he handed back to his older brother on March 1.
James mentioned earning $200,000 from his work at Americore to repay his brother quickly. He didn't reveal the exact source but stated, "It came from money that I made at Americore." The Biden family's ties with CEFC ended in 2018, yet it was lucrative for James, Hunter, and their associates.
Though James Gilliar, a Biden family associate, sent an email in May 2017, Joe Biden has categorically denied any role in the commercial agreements. Gilliar said that the president was considered "the big guy." Additionally, the email disclosed Joe Biden's desire for a 10% stake in a potential joint venture with CEFC.
Hunter and James Biden earned 5.1 million dollars in their accounts in ten days after the email's sending. The House Republicans' investigation into the 46th president's impeachment includes this testimony.
