(TheRedAlertNews.com) – In an astounding revelation about the Biden family’s alleged corrupt foreign money, which could be the first of many, House Republicans have found evidence that President Joe Biden has lied about a $200,000 payment he got from his brother, supposedly for returning a loan.
On Thursday, House Oversight Committee Chair James Comer (R-KY) raised significant concerns regarding the $200,000 payment made to the president by James Biden, brother of President Joe Biden.
The White House previously defended this transaction, asserting that it was a repayment of a loan made by Joe Biden to his brother, The Daily Caller reports.
However, Comer, leveraging his experience as a former bank board member, has questioned the legitimacy of this explanation due to the lack of supporting bank records and documentation.
In a letter addressed to White House Counsel Edward Siskel, Comer has specifically requested financial records to substantiate the White House’s claim that the $200,000 payment from James Biden was, in fact, a reimbursement for a loan extended by Joe Biden.
The Committee’s current bank records show various large transactions into the personal accounts of James and Sara Biden from diverse entities, some of which appear to obscure the actual payer’s identity. However, none of these records confirm Joe Biden as the originator of a substantial loan to his brother.
“The White House has claimed Joe Biden loaned James Biden $200,000, and this check was repayment. 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, as cited by Breitbart News.
“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,” he added, also making similar comments in a brief online video statement.
The scrutiny intensifies, given the peculiarities surrounding the payment’s timing and source.
On March 1, 2018, Americore, a now-defunct healthcare company, wired $200,000 to James Biden. The same day James Biden issued a $200,000 check to Joe Biden, Comer revealed.
The House Oversight Committee has raised the possibility that James Biden’s ability to repay the alleged loan relied on leveraging the Biden name for financial gains.
This conclusion is based on evidence in bankruptcy court documents where James Biden hinted that the Biden name could “open doors” and promised Middle East investment leveraging political connections. Americore had loaned James Biden a total of $600,000.
“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 demands in his letter.
🚨 BREAKING 🚨
— Oversight Committee (@GOPoversight) October 20, 2023