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House investigators probing whether Joe Biden used bank account to take money from grandkids

James Comer says information from witness important new clue, could lead to subpoena of president’s bank records.

Published: February 14, 2024 8:41pm

Updated: February 15, 2024 12:15am

House impeachment investigators have identified a newly discovered bank account and are probing a suggestion from a witness that the account may have been used to route money to President Joe Biden from his grandchildren, the lead investigator tells Just the News.

House Oversight Committee Chairman James Comer said the new information is among a body of evidence that may eventually lead Congress to subpoena the personal bank and credit card records of America’s 46th president.

“In one of the interviews -- that we haven't I don't believe disclose the transcript yet -- the witness made reference to an account we didn't know about. We're researching that account,” Comer said during a wide-ranging interview on the "Just the News, No Noise" television show. “They also said that that account could have possibly been paid with some infusion from the grandchildren.”

Comer said the flow of money from grandchildren to a grandfather would be unusual, if confirmed.

“Now, I don't know about you. But I don't know anyone in the world whose grandchildren have ever deposited money into a savings account for their elderly grandfather,” Comer said. “But now, maybe I'm wrong. But that's something we're certainly looking into.”

You can see the interview in the player above.

Comer declined to identify the witness who provided his committee the information. But another congressional source who works with Democrats said the information came from a longtime business associate of Hunter Biden who also had occasional access to Joe Biden’s financial accounts. That source said they expected the transcript of that witness to be released late this week or early next week.

A spokesman for the White House did not immediately return a call Wednesday evening.

Comer’s committee has completed several closed-door interviews with Hunter Biden associates including energy executive Tony Bobulinski, Hollywood lawyer Kevin Morris, and Rosemont Seneca partners Devon Archer and Eric Schwerin. Bobulinski’s and Schwerin’s transcripts have not yet been released.

Emails on Hunter Biden’s abandoned laptop indicated Schwerin had access to some information about Joe Biden’s finances when he was vice president, including a tax refund from Delaware that was being routed from father to son.

Comer said his committee has begun to request access from banks and others to Joe Biden’s personal financial records and that lawmakers were prepared to obtain them by subpoena if necessary.

“We certainly have a lot of questions about he achieved how he (Joe Biden) accumulated so much wealth so quickly,” Comer said. “The public explanation behind that doesn't add up with most people's calculators. We're certainly looking into some of these new accounts. We've requested some information, that you know is the first step in being able to successfully subpoena bank records. So stay tuned to that.”

Comer’s comments come as the impeachment inquiry has produced evidence that conflicts with Joe Biden’s long-held claims that he never got involved with his family’s foreign business dealings or received any financial benefit from them.

Just the News reported Wednesday that testimony, photos, emails and FBi documents show Joe Biden had direct personal meetings with at least a half dozen of Hunter Biden’s foreign business associates from Ukraine, Russia, China and Kazakhstan.

And Just the News reported previously that congressional investigators have found some money from foreign and U.S. business transactions involving first family members made its way to Joe Biden over the years, often listed as loan repayments.

One of those flow of funds included $1,380 monthly payments in 2017 from a Hunter Biden business account called Hudson West III, which received funds from a Chinese business deal involving CEFC China Energy. Biden’s lawyers have suggested the money was to reimburse his father for a loan for one of his trucks.

Joe Biden also received at least one other payment from funds transferred to the Biden family through the same Hudson West III joint venture, according to a document released by the House Oversight Committee last year.

Hunter Biden sent a $150,000 wire to Lion Hall Group, a company owned by Joe Biden’s brother, James Biden, and his sister-in-law, Sara Biden. Sara Biden then withdrew $50,000 in cash and deposited it into the couple’s personal bank account. One week later, Sara Biden sent a $40,000 check to Joe Biden labeled “loan repayment.”

The funds from this check came from a $5 million loan from Northern International Capitol Holdings (HK) Limited, a firm tied to CEFC China Energy and Ye Jianming, to Hudson West III—which was established as a joint venture with the Bidens and Ye Jianming’s funding, House Oversight said.

Those payments weren’t the only evidence that Joe and Hunter Biden were commingling their finances, at times even using Hunter Biden’s business infrastructure to organize payments. Several such transactions and arrangements were reported by Just the News in April 2022 and show payments sent back and forth between father and son.

In one of the earliest instances, in 2010, Hunter Biden and his partner Schwerin at Rosemont Seneca assisted the White House with documents for Joe Biden's tax returns after his first year in office. After facilitating this, the younger Biden and Schwerin then decided to divert the vice president’s Delaware tax return into Hunter Biden’s accounts in June of 2010.

“I am depositing it in his account and writing a check in that amount back to you since he owes it to you," Schwerin wrote in June 2010 about Joe Biden's tax refund. "Don't think I need to run it by him, but if you want to go ahead.”

About one month later, Schwerin sent another email entitled “JRB bills”—using Joseph Robinette Biden’s initials. In the email, Schwerin listed a series of expenses from Joe Biden's lakefront home in Wilmington, Del., that Hunter Biden had paid.

The expenses included $1,239 for air conditioner repairs at "mom-mom's cottage," and another $1,475 to paint the "back wall and columns at the lake house." There was also a $475 payment "for shutters" and $2,600 for building or repairing a "stone retaining wall at the lake.”

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