Despite repeatedly claiming he has not benefited from China, President Joe Biden’s brother is arguing otherwise.
According to transcripts released on Friday, Biden’s brother, James confirmed that the president received $40,000 from a Chinese government-linked company in 2017.
While being questioned by House investigators, James Biden said that he did not believe the Chinese Communist Party-linked company, CEFC China Energy, was controlled by Beijing. He instead claimed that he “misspoke” during interrogation while speaking to an IRS agent in 2022. Initially, he said that the president’s son Hunter Biden, who was partnering with James, had described CEFC executive Ye Jianming as a “protégé” of Chinese President Xi Jinping.
“Where did you believe the source of the money that was going into [Hunter Biden’s company] Owasco, before being sent to you, was coming from?” A House investigator asked James Biden— per the New York Post.
“CEFC,” James confirmed.
James’s attorney, Paul Fishman, argued that “money’s fungible” as a House staffer reminded James that Hunter Biden “did not have sufficient funds” to repay the alleged loan of $40,000 on his own, stating that “it is traceable.”
“It was sweat equity, mainly, in dealing with him in terms of his other ventures,” James also said, referring to payments he received from Argentinian businessman Jose Luis Manzano.
More like Billions You mean !!!! DUGH