House Finds Biden used over 20 Shell Companies to Hide Money from China

By Harold Pease, Ph.D.
  The Mother of All Bombs (MOAB) was dropped on the Biden’s and the nation May 9, and 10, 2023, that if true, or even partially true, should have resulted in the immediate resignation of Joe Biden as president. It came from three places of the world: Ukraine, China and Romania.
  On May 9, the Ukrainian prosecutor, that Joe Biden personally picked, thought Joe Biden “corrupt enough that he wanted to come to the US Attorney and prove that. Biden’s own guy turned him in” (X22 Reports hereafter not cited, Ep. 3065b, May 9, 2023, 40:47)! As a result of this whistleblower and other evidence, James Comer and his Senate counterpart Chuck Grassley released a joint statement “claiming the FBI has proof showing then—Vice President Joe Biden committed bribery in exchange for policy decision with a foreign national.”  
  It read in part, “We have received legally protected and highly credible unclassified whistleblower disclosures.  Based upon those disclosures it has come to our attention that the Department of Justice and the Federal Bureau of Investigation possesses an unclassified FD-1023 form that describes an alleged criminal scheme involving then Vice President Biden and a foreign national relating to the exchange of money for policy decisions.  It has been alleged that the document includes a precise description of how the alleged criminal scheme was employed as well as its purpose” (Ibid. 41:31).  This is hard evidence which reportedly can be proved with the FD-1023 form. The FBI refuses to surrender to the committee the incriminating document.
  The next day May 10, the bigger part of the MOAB dropped revealing that a “massive racketeering and money laundering conspiracy involving at least 9 Biden family members who deposited millions in Chinese and other foreign funds through a maze of shell companies, cut-outs and pass-throughs” was announced by James Comer, Chair of the House Oversight Committee. (Ep. 3063b, May 7, 2023, 41:16).
  Comer began his press conference, “Since taking the gavel in January, our committee has accelerated our investigation into the Biden families, domestic and international business practices. We want to update you on a few of our findings….We have now established a network of over 20 companies formed by the Biden’s and their associates. Most of these companies were LLCs and formed when Joe Biden was Vice President. Based on the financial records we have obtained via bank subpoenas, we can now confidently trace at least $10 million in total from foreign nationals’ and their related companies going to the Biden family, their business associates and their companies.
  “What services did the Biden’s provide in exchange for this money? It is unclear what they provided other than access and influence.” James Comer identified “the nine Biden’s who are implicated in the corruption as: Hunter, James, Sara, Haley, Kathleen, Melissa, niece, nephew, niece, nephew and grandchild”—Joe Biden’s criminal syndicate family.
  “Joe Biden told the American people on October 22, 2020 that Hunter never made money from China. That is a lie based on the bank records. The Biden’s took steps to hide, confuse, and conceal payments they received from foreign nationals (Ep. 3066b, May 10, 2023, 45:00).
  “Here’s one example how a CCP [Chinese Communist Party] -linked associate layered domestic limited liability companies to pay Hunter Biden.”  A “Four Step Plan To Hide China Sourced Payments,” was provided. “Step 1 CEFC infrastructure Gonwengon creates CEFC infrastructure with Hudson West V as the sole member, that was on May 11, 2017. May 18, 2017. Step 2. Hudson West V Gonwengon removes Hudson West V as the sole member and adds Wauxon Group as the new sole member. June 30, 2017.  Step 3. Wauxon Group CEFC infrastructure $10 million August 4, 2017. Step 4 CEFC infrastructure makes direct payment of $100,000 to a Wasteco PC (Ibid.).”  Confusing but that is the intent of laundering money.
  “Multiple Biden family members receive money from the Chinese after it passed through an associates account. Additionally, Hunter Biden received money directly into his company’s account from a Chinese controlled entity.” Another chart entitled “China Payments to Biden is given” diagraming the steps.  
  Comer continues “in addition to the China money ties, we are adding a new country to our growing list of places the Biden’s received money from: Romania. The Biden family and associates’ activities in Romania reveal an influence peddling scheme from 2015 to 2017. While VP Biden was lecturing Romania on anti corruption policies, he served as a walking billboard for his son and family to collect money. Hunter and his associates capitalize on a lucrative financial relationship with a Romanian national who was later convicted of corruption. The Biden’s received over $1 million for the Romanian deal with 16 of the 17 payments made during Biden’s VP term. The money stops flowing from Romania soon after Joe Biden leaves office, establishing a pattern of influence peddling.
  “Additionally, Representative James Comer is publicly releasing the Second Bank Records Memo to the American people so they can see for themselves the activities the Biden family has engaged in, despite the President’s statements to the contrary. Ultimately, we believe the Biden family and their associates courted business in countries that correlated directly with Joe Biden’s work as vice president. This is also not normal. It is not ethical, and this is why we are working towards legislative solutions” (Ibid.).  Thus concluded the House Oversight Committee Report.
  Dr. Harold Pease has taught history and political science from this perspective for over 25 years at Taft College.