House investigators say they have obtained bank records showing President Biden received a direct payment of $200,000 after his brother, James Biden, secured a business deal with a rural hospital operator.
The money from Mr. Biden’s younger brother was provided in the form of a personal check in 2018, which was between the time Mr. Biden left the office of the vice president and before he declared he was running for president.
The House Committee on Oversight and Accountability has been scouring bank records to connect payments to Mr. Biden, who, according to witnesses, played at least an inactive role in helping his family secure lucrative business deals.
James Biden received $600,000 in loans from Americore, a struggling rural hospital operator, by promising the Biden name could “open doors” and help obtain a large investment in the Middle East, according to court records.
Oversight Chairman James Comer said Americore wired a $200,000 loan into James and Sara Biden’s personal bank account on March 1, 2018. The same day, James Biden wrote a $200,000 check from the same personal bank account to Mr. Biden.
Read more about our findings 👇 https://t.co/UUqun7lrpE
— Oversight Committee (@GOPoversight) October 20, 2023
“A document that we’re releasing today raises new questions about how President Biden personally benefited from his family’s shady influence peddling of his name and their access to him,” Mr. Comer said.
Mr. Biden has insisted he was not involved in his family’s business deals, even daring those who questioned his integrity to find any evidence of personal financial gain.
The oversight panel is conducting an impeachment inquiry into Mr. Biden’s involvement in his family’s business deals, much of it involving China, Russia, Ukraine and other foreign countries.
Both James Biden and the president’s son, Hunter Biden, often leveraged Mr. Biden’s name to win hugely profitable deals. According to ex-business partners, Mr. Biden showed up at Hunter Biden’s business meetings or phoned in to them.
Court documents and congressional reports show that James Biden wasn’t shy about promoting his brother’s influence. He told potential business partners in 2019 that his brother Joe “was in the room with him” as he closed in on a deal.
