Current:Home > reviewsGOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing." -VitalWealth Strategies
GOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing."
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-09 06:40:10
House Republicans released bank records of President Biden's brother, James Biden, Friday, that they argue raise more questions about whether President Biden personally benefited from his family's business ventures.
Bank records released by the GOP-led House Committee on Oversight and Accountability revealed a $200,000 personal check paid to Mr. Biden from his brother, James Biden, and sister-in-law, Sara Biden. The personal check, which was labeled a loan repayment, was issued before Biden's presidency, on the same date in 2018 when Americore Health LLC, a healthcare company that manages rural hospitals across the United States also wired a $200,000 loan into James Biden's PNC bank account.
In video remarks posted to X, Rep. James Comer, the Republican chairman of the House Oversight and Accountability Committee claimed, "Joe Biden's ability to be paid back by his brother depended on the success of his family's shady financial dealings."
In a bankruptcy filing last year, Americore Health LLC claimed James Biden received hundreds of thousands of dollars in loans from the company on the promise that his last name "could 'open doors' and that he could obtain a large investment from the Middle East, based on his political connections."
After Americore Health LLC later filed suit for non-payment, James Biden agreed to a settlement payment with Americore Health LLC for $350,000.
James Biden's attorney took issue with the way the GOP-led panel has described the check.
"The Oversight Committee's description of the $200,000 check is highly selective and misleading," said Paul Fishman, attorney for James Biden. "The Committee has the bank documents that show both the loan Jim received from his brother in January 2018 and the repayment by check six weeks later. At no time did Jim involve his brother in any of his business relationships."
This latest document release comes after Rep. Comer pledged to "continue to follow the money" in its investigation into the Biden family's businesses, even as the House remains in disarray, without an elected speaker for over two weeks. Shortly after Rep. Kevin McCarthy was ousted as speaker, Comer asserted the Oversight Committee would continue to "read emails, text messages, put together timelines trying to get people to come in."
In September, the Oversight Committee said it had "uncovered how the Bidens and their associates created over 20 shell companies – most of which were created when Joe Biden was vice president – and raked in over $24 million dollars between 2014-2019," adding committee investigators had "identified nine members of the Biden family who have participated in or benefited from these business schemes." President Biden was not among those named by the committee.
The House of Representatives remains paralyzed, and Republicans, who are in the majority, are back to square one, after dropping Rep. Jim Jordan as their speaker nominee following his third failed attempt to win the speakership Friday. Republicans will try again to settle on a candidate Monday, nearly three weeks after Rep. Kevin McCarthy first lost his speakership earlier this month.
"It's no coincidence they rushed out a new distraction mere minutes after yet another failed Speaker vote," Ian Sams, White House spokesman for oversight and investigations said in a statement to CBS News.
"After rummaging through thousands of pages of a private citizen's bank records, they have again turned up zero evidence of wrongdoing by President Biden – and that's because there is none."
- In:
- Joe Biden
veryGood! (163)
Related
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Halle Berry Shares Rare Photos of 15-Year-Old Daughter Nahla in Birthday Tribute
- How Queen Elizabeth II's coronation created a television broadcasting battleground
- U.S. tracking high-altitude balloon first spotted off Hawaii coast
- Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
- Facebook shrugs off fears it's losing users
- Lukas Gage Reveals Mom's Surprising Reaction to Racy White Lotus Scene With Murray Bartlett
- GameStop's stock is on fire once again and here's why
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Elon Musk says he has secured the money to buy Twitter
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Russia-Ukraine war: What happened today (March 21)
- It's Been A Minute: Digital Privacy In A Possible Post-Roe World
- How can our relationships with computers be funnier and friendlier?
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Hairstylist Chris Appleton Confirms Romance With Lukas Gage
- Transcript: Rep. Tony Gonzales on Face the Nation, April 30, 2023
- Here's why tech giants want the Supreme Court to freeze Texas' social media law
Recommendation
Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
Perfect Match's Chloe Veitch Moves on From Shayne Jansen With Hockey Player Ivan Lodnia
An appeals court finds Florida's social media law unconstitutional
New York attorney general launches probe of Twitch and Discord after Buffalo shooting
New Orleans mayor’s former bodyguard making first court appearance after July indictment
Researchers work to create a sense of touch in prosthetic limbs
Freddie Mercury's costumes, handwritten lyrics and exquisite clutter up for auction
How the false Russian biolab story came to circulate among the U.S. far right