The House Oversight Committee has obtained financial documents outlining monthly transfers from Hunter Biden to his father, President Joe Biden.
On Monday, GOP House Oversight Chairman James Comer of Kentucky announced the discovery of subpoenaed bank records revealing monthly payments of $1,380 directly to Joe Biden from Owasco PC, a corporate enterprise owned by Hunter Biden. Owasco has been documented receivingpayments from Biden business associate Rob Walker’s company as well as a deposit from Chinese energy conglomerate CEFC.
Payments from Owasco to Joe began on Sept. 15, 2018, according to a copy of the monthly transfer authorization agreement reviewed by The Federalist. While the form does not list an end date, the Daily Mail has reported that additional transfers occurred in October and November 2018.
The documents offer House investigators the latest evidence of direct money transfers to the president from his son, who capitalized on the family name in a global influence-peddling operation. They also contradict a memo from Hunter Biden’s legal team last month featured in The Washington Post.
“There is not a single financial transaction between President Biden and his son related to or involving any of Hunter Biden’s business ventures or prior private commercial dealings,” the first son’s lawyers wrote.
Financial records reviewed by the House Oversight Committee to date show the Biden family directed money through more than 20 shell companies, most of which were established while Joe Biden was vice president. The Biden family was found to have raked in upwards of $20 million from foreign oligarchs in China, Russia, and Kazakhstan.
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