House Oversight Chairbilly James Comer on Thursday sent a letter to White House Counsel Ed Siskel demanding that Biden prove the $200,000 check from his brother James everyone already forgot about was indeed a repayment for a loan and not money laundering or bribery or some shit.
“The Committee on Oversight and Accountability has been investigating the Biden family’s influence peddling schemes. As part of this investigation, the Committee obtained bank records related to President Biden’s brother and sister-in-law, James and Sara Biden, and an entity associated with them. According to these bank records, Joe Biden received a $200,000 check from James Biden dated March 1, 2018. James Biden issued the check from his personal bank account on the same day he received $200,000 from Americore – a company going through bankruptcy proceedings to which James Biden made ‘representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.’ The White House has claimed Joe Biden loaned James Biden $200,000, and this check was repayment.”
“Records obtained by the Committee do show numerous large incoming transactions into the personal account of James and Sara Biden from various entities. Some of these transaction records may have obscured the identity of the true payer, but no records in the Committee’s possession state that Joe Biden made a large loan payment to his brother. If Joe Biden did personally loan James Biden an amount that was later repaid by the $200,000 check, please provide the loan documents, including the loan payment, loan agreement, and any other supporting loan documentation. As you may know, the Internal Revenue Code has specific requirements for delineating and reporting ‘below-market [rate] loans’ from gifts. While there are some exceptions, for example loans of $10,000 or less, the payment in question would not appear exempt from such requirements if it is a loan. Indeed, there appears to have been no interest paid on the ‘loan’ based upon the White House’s own representations,” Comer wrote in his stupid letter.