President Biden’s brother James disclosed during the impeachment investigation that a $40,000 check written to Biden in 2017 originated from a Chinese business associated with their communist regime.
The 74-year-old James Biden made it clear to House investigators that he did not believe CEFC China Energy was governed by the Chinese government. He acknowledged that while collaborating with his uncle, Hunter Biden referred to CEFC executive Ye Jianming as a “protégé” of President Xi Jinping, a mistake he had told an IRS agent in 2022.
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“Where did you think the funds coming into Owasco [Hunter Biden’s company] were coming from before they were sent to you?During the interview on February 21, one House investigator reportedly questioned the president’s brother, according to a New York Post report.
However, a House staffer swiftly pointed out that James Biden actually lacked the funds to repay his brother $40,000, despite the White House calling it a “loan repayment.” This put James Biden’s attorney, Paul Fishman, in a difficult position when attempting to argue that “money is fungible.”
Between November 2022 and July 2023, James Biden received four wire transfers totaling $840,000 from an Argentinean businessman. As stated in the interview, the funds were used to settle the businessman’s partial ownership position in an Argentine natural gas company.
James Biden said to investigators, “It was sweat equity, mainly in dealing with him in terms of his other ventures.” He also mentioned that Manzano had asked him to speak with Mexican billionaire Carlos Slim regarding a possible 4G investment in Argentina.
Additionally, Manzano “at one point” engaged in talks regarding collaborating with CEFC.
Since the New York Post published the first set of emails from Hunter Biden’s infamous laptop in 2020, the Biden family’s lucrative relationship with CEFC has come under scrutiny. The collaboration came to an end in 2018 when Ye Jianming, the chairman of the CEFC, vanished following allegations of corruption in China.
