President Joe Biden’s home was used as the beneficiary address for the receipt of illicit payments from Chinese businessmen, a blockbuster new report finds.
Hunter Biden received wire transfers totaling more than $250,000 from Chinese business partners in the summer of 2019, with the beneficiary address listed as the Delaware residence of Joe Biden, according to information obtained by a congressional committee.
House Oversight Committee Chairman James Comer (R-KY) has been leading an investigation into the business dealings of the Biden family and the alleged involvement of President Biden in those ventures.
As part of this investigation, Comer subpoenaed financial records related to a specific bank account, which yielded records of two wire transfers originating from Beijing and connected to BHR Partners.
BHR Partners is a joint venture between Hunter Biden’s Rosemont Seneca and the Chinese investment firm Bohai Capital. It is a Beijing-backed private equity firm controlled by Bank of China Limited, with Hunter Biden reported to have sat on its board of directors.
The first wire transfer, dated July 26, 2019, amounted to $10,000 and was attributed to an individual named Ms. Wang Xin. There is a Ms. Wang Xin listed on the website for BHR Partners, but it is unclear if this is the same person who initiated the wire transfer.
The second wire transfer, dated August 2, 2019, was for $250,000 and originated from Li Xiang Sheng, also known as Jonathan Li, the CEO of BHR Partners, along with Ms. Tan Ling. The committee is working to identify Ling’s role in this transaction.
Both wire transfers list Robert Hunter Biden as the beneficiary with the address “1209 Barley Mill Rd.” in Wilmington, Delaware, which is the primary residence of President Biden.
Comer and the House Oversight Committee have obtained bank records as part of their investigation, alleging that the Biden family and their associates received millions of dollars from individuals in Russia, Ukraine, Romania, and Kazakhstan during the Obama administration.
It has also been revealed that from 2014 to 2019, the Biden family and their associates received $24 million in foreign payments, with $15 million going to the Bidens and $9 million to their business associates, an amount $4 million higher than previously known.
Committee aides clarified that beneficiary addresses can either be the address listed to the recipient account or the address listed by the individual initiating the wire transfer. Based on the wire records, it is unclear who listed the address.
It remains uncertain whether Hunter Biden was residing at the Biden family home in Wilmington at the time of these wire transfers in July and August 2019. The transfers occurred just months after then-Vice President Joe Biden announced his 2020 presidential campaign. Joe Biden had stated in August 2019 that he had “never discussed with my son or my brother or anyone else anything having to do with their business, period.”
Regarding Jonathan Li, Hunter Biden’s former business associate, Devon Archer, testified as part of the House Oversight Committee’s investigation that Joe Biden had coffee with the CEO of BHR in Beijing. Archer also mentioned that Biden wrote a college recommendation letter for Li’s daughter to attend Georgetown University and that Hunter Biden put his father on speakerphone for at least one call with Li.
Additionally, it was reported in 2022 that Biden wrote a college recommendation letter for Li’s son to attend Brown University.
House Oversight Committee Chairman James Comer emphasized the significance of bank records in this matter, stating, “Bank records don’t lie, but President Joe Biden does,” and asserting that Joe Biden’s statements about not receiving money from China were contradicted by the evidence. He called for transparency and accountability regarding the Biden family’s financial dealings and their potential impact on national security.
Despite Hunter Biden receiving more than $250,000 in the summer of 2019 from individuals linked to BHR, it was clarified in October 2019 by George Mesires, then-attorney for Hunter Biden, that Hunter served as a board member and his position was unpaid. Hunter had also invested $420,000 in BHR in October 2017, representing a 10% equity stake, but had not received compensation or a return on his investment up to that point.