New documents have revealed that the $250,000 wire Hunter Biden received from his Chinese business partners was marked as a "personal investment", despite his legal team previously claiming it was a loan and that he never received any returns on his investment. According to Fox News Digital's investigation, the first wire transfer of $10,000, dated July 26, 2019, was labeled as "ACC/LOAN TO BENEFICIARY" from an individual named Ms. Wang Xin. The second wire transfer, dated August 2, 2019, was for $250,000 from Li Xiang Sheng, also known as Jonathan Li, the CEO of Beijing-backed private equity firm BHR Partners.
The documents also revealed that the wires listed the beneficiary as Robert Hunter Biden with the address "1209 Barley Mill Rd." in Wilmington, Delaware, the main residence of President Joe Biden. These revelations come as Hunter Biden's attorney, Abbe Lowell, claimed the wires were a "documented loan" and that the address listed was the only permanent address Hunter had at the time. However, this contradicts previous statements from Hunter's former attorney, George Mesires, who had said that Hunter's role at BHR Partners was unpaid and that he had not received any compensation or returns from his investment.
These new revelations raise questions about the nature of Hunter Biden's relationship with BHR Partners and its CEO, Jonathan Li. The wires were sent just months after Joe Biden announced his 2020 presidential campaign and after he had publicly stated that he had never discussed business matters with his son or brother. However, Fox News Digital reported that Hunter Biden's former business associate, Devon Archer, testified that Joe Biden had met for coffee with Li in Beijing and had even written a college recommendation letter for his daughter to Georgetown. In another revelation, it was reported in 2022 that Joe Biden had also written a college recommendation letter for Li's son to Brown University.
This latest development adds to the mounting evidence of the Biden family's ties to foreign businesses, particularly in China. Republican congressman James Comer, who has been leading an impeachment inquiry against President Biden, stated that these new findings prove that Joe Biden had lied about his family's financial ties to China. He also pointed out that these actions by the President pose a threat to national security. The Oversight Committee, along with the Judiciary and Ways and Means committees, will continue to investigate the evidence and money trail to ensure transparency and accountability for the President and his family's alleged corruption.
The White House has declined to comment on these new revelations. This comes ahead of the first hearing to be held by the Oversight Committee as part of House Republicans' impeachment inquiry against President Biden. These documents have also been released as the Biden administration faces criticism over his administration's handling of the ongoing conflict in Afghanistan, as well as the ongoing COVID-19 pandemic.
These new findings only add to the controversies and allegations surrounding the Biden family's dealings. It remains to be seen how this will impact the President's approval ratings and future plans, as well as the ongoing investigations into his potential conflicts of interest. The American public continues to demand transparency and accountability from their leaders, and it is now up to the investigations and legal proceedings to determine the truth behind these wire transfers and their possible implications.