House Oversight Committee releases timeline on Biden family's alleged influence-peddling schemes
Hunter Biden was also involved in deals with foreign nationals from China, Kazakhstan, Ukraine and Romania, the timeline shows.
The House Oversight and Accountability Committee on Tuesday released a timeline documenting the Biden family's alleged influence-peddling schemes dating back to the Obama-Biden administration.
"President Biden has repeatedly denied knowing anything about his family’s business dealings despite evidence to the contrary. The timeline contains important dates as to when Joe Biden knew and lied to the American people about his family’s business schemes," the Republican-led committee said.
Lawmakers discovered that the Biden family and business associates created a web of more than 20 companies, most of which were formed after Joe Biden became vice president. Additionally, they said they discovered that bank records so far have shown that the Biden family and their associates received more than $10 million from foreign nationals and their related companies.
The first major scheme on the timeline is in 2013 when now-first son Hunter Biden, his business associate and Chinese investors created an investment fund controlled by the state-owned Bank of China.
Hunter Biden was also involved in deals with foreign nationals from Kazakhstan, Ukraine and Romania, the timeline shows.
House Republicans have been investigating the Biden family's business deals since entering the majority at the start of 2023. Their wide-ranging probe has included testimony from IRS whistleblowers, reviews of bank records and more.
The release of the timeline comes less than a month after Hunter Biden reached a plea deal with federal prosecutors to plead guilty to two tax charges and admit to a gun charge that may be dismissed in order to avoid prison time.