(Luis Cornelio, Headline USA) The House Oversight Committee claimed that bank records maintained by the committee do not support President Joe Biden’s claim that the $200,000 payment from his brother, James, was a repayment for a loan.
House Oversight Committee Chairman James Comer, R-Ky., issued a letter to White House Counsel Edward Siskel on Oct. 26, demanding the production of documents to back Biden’s defense of the $200,000 payment that allegedly came from one of James Biden’s businesses.
BREAKING @RepJamesComer calls on President Biden to prove that the $200,000 he received from his brother was a loan and that all applicable IRS filings were properly made.
Whether or not the $200,000 check to Joe Biden was a loan repayment, he benefited from his family… pic.twitter.com/xHSep0O0su
— Oversight Committee (@GOPoversight) October 26, 2023
According to Comer, the records obtained by the committee failed to demonstrate any substantial loan transactions from Biden to his brother.
“Records obtained by the Committee do show numerous large incoming transactions into the personal account of James and Sara Biden from various entities,” Comer stated. “Some of these transaction records may have obscured the identity of the true payer, but no records in the Committee’s possession state that Joe Biden made a large loan payment to his brother.”
The Biden family’s schemes are Money Laundering 101.
The Bidens intentionally engaged in complicated financial transactions to hide the source of the money they received and avoid scrutiny.@GOPoversight is continuing to trace the money and will expose the truth. @NEWSMAX pic.twitter.com/eVBA938sKR
— Rep. James Comer (@RepJamesComer) October 27, 2023
Comer’s letter, spanning two pages, also called for the presentation of the initial loan documentation, including any related contracts
“If Joe Biden did personally loan James Biden an amount that was later repaid by the $200,000 check, please provide the loan documents, including the loan payment, loan agreement, and any other supporting loan documentation,” Comer added.
The lack of clear documentation raises questions about whether the transaction indeed involved the repayment of a legitimate loan, the Republican lawmaker warned. “We request documentation clarifying the nature of this payment and whether all applicable documentation and IRS filings were properly made,” he continued.
We have found a $200,000 DIRECT payment to Joe Biden.
@RepJamesComer lays out the money trail. pic.twitter.com/0vq3lqhRHz
— Oversight Committee (@GOPoversight) October 20, 2023
The committee’s revelation of a $200,000 payment from James to Biden further implicated the president into what House Republicans described as potentially illegal influence peddling. The Biden family’s business dealings are the subject of an impeachment inquiry against the president.
Responding to the Committee’s findings, Ian Sams, White House spokesperson for oversight and investigations, dismissed the concerns, stating, “Jamie Comer is pretty desperate to try to distract from Republicans’ speaker mess. It’s a loan repayment from when President Biden loaned his brother money. When he was out of office in 2018, no less. It’s right there on the check!”
Jamie Comer is pretty desperate to try to distract from Republicans’ speaker mess.
It’s a loan repayment from when President Biden loaned his brother money. When he was out of office in 2018, no less. It’s right there on the check!
Matt Gaetz was right:
More “Failure Theater!” pic.twitter.com/Do0DopiX8r
— Ian Sams (@IanSams46) October 20, 2023