House Oversight Committee Chair James Comer (R-KY) on Monday blew holes into James Biden’s reason for allegedly cutting President Joe Biden a $200,000 check in 2018, claiming it is a story contrived “out of their rear end.”
James Biden, Joe Biden’s brother, denied the $200,000 check he gave Joe Biden was due to a pre-existing business relationship. He insisted the money was a return payment for money Joe Biden lent him.
Comer believes the $200,000 payment is suspicious because the money flowed through a distressed entity, Americore, which loaned James Biden a total of $600,000. On March 1, 2018, Americore wired James Biden $200,000. That same day, James Biden sent Joe Biden a $200,000 check.
Comer, who subpoenaed James Biden’s financials in September, said James Biden’s financials contradict his claims.