Joe Biden is declining to turn over loan files to your home Oversight Committee showing any ‘loans’ he supplied to his sibling James Biden.
The House Oversight Committee has no IRS records or loan files validating the $200,000 check Jim Biden composed to his sibling Joe Biden in 2018 was a ‘loan payment.’
House Oversight Chairman James Comer required IRS records and suitable loan files showing Joe Biden lent his sibling James cash.
The Bidens typically structure their earnings as ‘loans’ to prevent paying taxes. We saw this with a $5 million wire referred to as an ‘interest-free loan’ (a method for Hunter to prevent paying taxes) from a Chinese company. The Bidens then shuffle the filthy cash around to each other as ‘loan payments.’ This is timeless tax evasion, cash laundering, and influence-peddling.
James Comer just recently discovered a $200,000 direct payment to Joe Biden.
In 2018, Jim Biden got $600,000 in ‘loans’ from Americore Health LLC, a failing/bankrupt rural health center operator. According to personal bankruptcy files, Jim Biden got the loans “based upon representations that his surname Biden might open doors which he might get a big financial investment from the Middle East based upon his political connections.”
On March 1, 2018, Americore Health LLC wired a $200,000 payment to Jim and Sara Biden’s individual savings account. On that really exact same day, Jim Biden then composed a $200,000 check to Joe Biden, AKA, “The Big Guy.”
Jim Biden composed the check to Joe Biden as a so-called “loan payment.” Does Joe Biden have files showing he provided his bro such a large amount of cash? “What were the terms?” Comer asked.
Last Thursday House Oversight Chairman James Comer required Joe Biden supply loan files (loan payment, loan contract) and IRS filings concerning the $200,000 “loan payment” James Biden stated he made to Joe “The Big Guy” Biden in 2018.
On Friday night, the Republican-led Oversight Committee stated Joe Biden is declining to supply appropriate loan paperwork to reveal he lent his bro James Biden cash.
Per the GOP Oversight Committee:
The White House today explained to us that President Biden is declining to turn over loan files for any “loans” he offered to his sibling, James Biden.
We’ve exposed almost a quarter of a countless dollars that James Biden sent out to Joe Biden as “loan payments” that were moneyed by washed China cash and impact marketing plans.
Is this what “the most transparent administration in history” is expected to appear like?
We will not be visited the President’s stonewalling. We’ll continue to follow the cash, expose President Biden’s corruption, and provide responsibility.
Friday Night News Dump
The White House today explained to us that President Biden is declining to turn over loan files for any “loans” he offered to his sibling, James Biden.
We’ve exposed almost a quarter of a countless dollars that James Biden sent out to Joe Biden as …
— Oversight Committee (@GOPoversight) November 3, 2023
James Comer stated there appears to have actually been no interest paid on the “loan” based upon the White House’s own representations. “The present absence of paperwork leaves factor to question claims that this deal was payment for a legal loan,” Comer composed in a letter to White House Counsel Edward Siskel.
” Whether it was a loan or not, James Biden’s March 1, 2018, check to Joe Biden shows one method he personally gained from his household’s dubious impact peddling of his name and their access to him. Even if the deal in concern became part of a loan arrangement, we are bothered that Joe Biden’s capability to recover funds depended upon his sibling’s cashing-in on the Biden brand name,” Comer stated.
The post Joe Biden Refuses to Hand Over Loan Documents to House Oversight Committee for Any ‘Loans’ He Provided His Brother James Biden appeared initially on The Gateway Pundit
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