WASHINGTON—The House Committee on Oversight and Accountability today released a timeline of the Biden family’s influence peddling schemes. The timeline includes significant dates beginning in the Obama-Biden Administration, including when then-Vice President Biden traveled to Ukraine, Romania, and China on official business and Biden family influence peddling schemes in those countries. President Biden has repeatedly denied knowing anything about his family’s business dealings despite evidence to the contrary. The timeline contains important dates as to when Joe Biden knew and lied to the American people about his family’s business schemes.
Below are some key findings of the investigation into the Biden family’s influence peddling schemes:
- The Complicated Web of Biden Family and Associates’ Companies: Biden family members and business associates created a web of over 20 companies—most were limited liability companies formed after Joe Biden became Vice President.
- The Biden Family Received Millions of Dollars from Foreign Sources: Bank records so far show the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ and their related companies. The Committee has identified payments to Biden family members from foreign companies while he served as Vice President and after he left public office.
- The Biden Family Used Business Associates’ Companies to Receive Foreign Funds: Despite creating many companies after Vice President Biden took office, the Biden family used business associates’ companies to receive millions of dollars from foreign companies.
- Attempts to Conceal Large Financial Transactions: After foreign companies sent money to business associates’ companies, the Biden family received incremental payments over time to different bank accounts. These complicated financial transactions appear to be meant to conceal the source of the funds and reduce the conspicuousness of the total amounts made into the Biden bank accounts.
- CCP-Linked Chinese Nationals Hid the Source of the Money:CCP-linkedChinese nationals and companies with significant ties to Chinese intelligence and the Chinese Communist Party hid the source of the funds paid out to the Bidens by layering domestic limited liability companies. The Biden family and associates’ activities in coordination with Chinese nationals and their corporate entities appear to be an attempt to engage in financial deception. Multiple Biden family members received money from the Chinese after it passed through an associate’s account. Additionally, Hunter Biden received money directly into his company’s account from a Chinese-controlled entity.
- Biden Family and Associates’ Activities in Romania Indicate Influence Peddling Scheme: The Biden family and associates’ activities in Romania bear clear indicia of a scheme to peddle influence from 2015 to 2017. While Vice President Biden lectured Romania on corruption and ethics, the Bidens received over a million dollars from a company controlled by a Romanian individual accused of corruption, Gabriel Popoviciu, through a Biden family associate.
- FBI’s Biden Bribery Record Mirrors Evidence Obtained by the Oversight Committee: The Oversight Committee has reviewed the FBI’s unclassified FD-1023 form that memorialized a trusted confidential human source’s conversations with a Burisma executive who claims Joe Biden demanded $5 million and then was paid in exchange for certain actions. The Burisma executive stated that he did not pay “the big guy” directly but used so many bank accounts to hide the money. It is unclear what, if anything, the FBI has done to verify the allegations contained within this record.