EXPOSED! Biden Biz Rakes In $20M During VP Tenure

EXPOSED! Biden Biz Rakes In $20M During VP Tenure

(ConcernedPatriot.com) – While Joe Biden served as vice president in the Obama administration, the Biden family firm got more than $20 million from Russia, Ukraine, and Kazakhstan, according to James Comer (R-KY), chair of the House Oversight Committee.

Before now, the committee released two batches of Biden’s business bank records. These revealed that the Biden company had acquired at least $10 million from commercial ventures in China and Romania.

Nine members of the Biden family, including two of Joe Biden’s grandkids, received income from the family’s international business ventures.

Comer anticipated that the committee’s findings would reveal that the Biden family took up to $30 million from its international business operations in June.

After serving subpoenas on six different banks and getting thousands of records in return, the committee disclosed the third tranche on Wednesday.

The committee claimed that its subpoenas were specific to people and organizations that had business with Biden family members and their affiliates.

The committee has not yet summoned family members of Joe Biden.

“During Joe Biden’s vice presidency, Hunter Biden sold him as ‘the brand’ to reap millions from oligarchs in Kazakhstan, Russia, and Ukraine,” Comer said in a press release. “It appears no real services were provided other than access to the Biden network, including Joe Biden himself.”

Comer said that Joe Biden is involved in the payments due to his connections to the family’s business partners.

“This is made clear by meals at CafĂ© Milano where then-Vice President Joe Biden dined with oligarchs from around the world who had sent money to his son,” Comer said.

“It’s clear Joe Biden knew about his son’s business dealings and allowed himself to be ‘the brand’ sold to enrich the Biden family while he was Vice President of the United States,” he added.

Regarding the bank records, the committee gave the following details:

Hunter Biden and Devon Archer Used Rosemont Seneca Entities to Bring in Millions from Oligarchs in Europe and Asia:

Using accounts nominally tied to Devon Archer (but using the familiar “Rosemont Seneca” branding), Hunter Biden received incremental payments originating from foreign sources, attempting to hide the source and size of the payments.

In February 2014, a Russian Oligarch Sent $3.5 Million to a Shell Company Associated with Hunter Biden and Devon Archer: Russian billionaire Yelena Baturina transferred $3.5 million to Rosemont Seneca Thornton, a shell company.

Approximately $1 million was transferred to Devon Archer, and the remainder was used to initially fund a new company account, Rosemont Seneca Bohai, which Devon Archer and Hunter Biden used to receive other foreign wires.

In the Spring of 2014, a Ukrainian Oligarch Placed Archer and Biden on the Burisma Board of Directors and Agreed to Pay them $1 Million Each per Year:

Burisma Holdings’ (Burisma) corporate secretary, Vadym Pozharsky, worked on behalf of the Ukrainian oligarch and owner of Burisma, Mykola Zlochevsky.

Hunter Biden was initially hired by Burisma to work as counsel for the company. Pozharsky and Zlochevsky met with Hunter Biden at a conference in Lake Como in Italy, where they decided Hunter Biden would work on the board of directors with Devon Archer.

Then-Vice President Joe Biden visited Ukraine soon after their first payments. Payments from Burisma for Devon Archer and Hunter Biden were wired to Rosemont Seneca Bohai. Payments were transmitted in incremental amounts to Hunter Biden’s different bank accounts.

In April 2014, a Kazakhstani Oligarch Wired the Exact Price of Biden’s Sports-car to a Bank Account Used by Archer and Biden:

In February 2014, Hunter Biden met with Kenes Rakishev at a Washington, DC, hotel. Rakishev worked closely with the prime minister of Kazakhstan, Karim Massimov.

In April, Rakishev, a Kazakhstani oligarch, wired $142,300 to Rosemont Seneca Bohai. The next day, a payment was made from Rosemont Seneca Bohai for a sports-car for Hunter Biden for $142,300.

Archer and Biden then arranged for Burisma executives to visit Kazakhstan in June 2014 to evaluate a three-way deal between Burisma, a Chinese state-owned company, and the government of Kazakhstan.

Hunter Biden received millions of dollars in payments from Yelena Baturina, Burisma, and Kenes Rakishev. Vice President Biden had dinner with them in the spring of 2014 and 2015 in Washington, DC.

Comer said that in July, the Biden family business prompted six banks to report to the Treasury for scrutiny more than 170 “large” sums of money in Suspicious Activity Reports (SARs), 20 more than was previously reported.

SARs “often contain evidence of potential criminal activities, such as money laundering and fraud,” a 2020 Senate report claims.

Comer thinks the Biden family used over 20 front companies to conceal payments and launder money. Racketeering, he explained, is the act of establishing numerous shell businesses solely for money laundering.

Copyright 2023. ConcernedPatriot.com

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