Joe Biden Caught Receiving Laundered Chinese Money?!

Was Joe Biden just caught receiving almost a quarter million dollars worth of laundered Chinese money?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : Joe Biden Caught Receiving Laundered Chinese Money!

People are sharing videos, articles, etc. that claim or suggest that US President Joe Biden just got caught receiving almost a quarter million dollars worth of laundered Chinese money!

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Still No Evidence Joe Biden Received Chinese Money!

This is yet another example of FAKE NEWS created / propagated by Republicans (and useful idiots) of the MAGA persuasion, as well as pro-Russia supporters (vatniks), and here are the reasons why…

Fact #1 : Joe Biden Has Not Been Referred For Impeachment

The Chairman of the House Committee on Oversight and Accountability, James Comer – a Republican from Kentucky, has publicly claimed TWICE that he has evidence of Joe Biden receiving Chinese money.

Yet, the House Committee on Oversight and Accountability has not yet referred President Joe Biden for impeachment proceedings, or call for a Special Council to prosecute him. What are they waiting for?

Fact #2 : There Was No Evidence Of Corruption

On both occasions, Comer only provided a scan copy of a personal cheque issued to Joe Biden by his brother, James Biden and James’ wife, Sara Biden, as “evidence” of corruption.

Neither personal cheques from his brother or his brother’s wife are actual evidence that President Joe Biden received “laundered Chinese money”. They are only evidence that Joe Biden received money from his brother, and his brother’s wife.

If that is the bar for evidence of corruption and/or receiving “laundered Chinese money”, then many of us who received money from our relatives are guilty of corruption and/or receiving laundered foreign money. That sounds stupid? Yes, that’s exactly how stupid the so-called “evidence” against Joe Biden really looks.

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Fact #3 : Cheques Were For Personal Loan Repayment

The two cheques clearly stated that they were to pay Joe Biden for a (personal) loan. You know – the kind family members often give out to their brothers or sisters who are in financial trouble. The words “Loan repayment” was even stated clearly in the front of the two cheques.

I should point out that Comer was not able to prove that these were not loan repayment cheques. He only said he would view the $200,000 cheque as “troubling” even if it was for a loan repayment, because it came on the same day James Biden received $200,000 from a struggling health company he did business with.

Wow! Imagine that – it was “troubling” for Comer to see someone receive repayment for a personal loan he made out to his own brother, just because it appears that his brother received the money from a company he did business with.

Fact #4 : Joe Biden Loaned His Brother Money

James Comer also claimed that he did not “believe” that Joe Biden actually loaned his brother money.

When Democratic members of his committee and a lawyer for James Biden said that the committee has documents to prove that Joe Biden did indeed loan $200,000 to James Biden, Comer declared that the Democrats were “lying”, and said that “at the end of the day, there’s no document that shows there was a loan”.

CNN fact checker Daniel Dale revealed on 31 October 2023, that they were able to obtain the same banking records that Comer’s committee received, and they showed that President Joe Biden loaned his brother $200,000 less than two months prior to the James Biden “loan repayment” cheque for the same amount.

The banking records that both CNN and Comer’s committee had access to showed that Joe Biden sent a $200,000 wire transfer to James Biden on January 12, 2018. James Biden then issued the $200,000 loan repayment cheque on March 1, 2018.

The top Democrat on Comer’s committee, Rep. Jamie Raskin, even wrote to rebuke Comer, pointing out that there is “clear evidence that this transaction was a short-term, interest-free loan between brothers“.

In short – Comer’s committee appears to have documents showing that there was a loan from Joe Biden to James Biden, so the loan repayment was legitimate, and not actual evidence of corruption or money laundering.

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Fact #5 : Joe Biden Was A Private Citizen At That Time

This may seem like a small point, but it is an important one to make. These personal loans and loan repayments between Joe Biden and his brother all occurred in 2017-2018.

At that time, Joe Biden was not President. Heck, he was not even a Presidential candidate – he did not announce his 2020 Presidential bid until April 25, 2019.

In other words – there is simply no question of Joe Biden abusing the power of his office (he had none at that time) to enrich himself with foreign money.

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