The younger brother of President Joe Biden, James Biden was recently involved in an undisclosed testimony to a congressional committee. According to various sources, he stated that a $40,000 check issued to the president back in 2017 leveraged funds he had acquired from a company with suspected ties to the Chinese government. The information also revealed that James had international income flowing in as late as the previous year.

Despite the apparent association with CEFC China Energy, a company believed to be overseen by the Chinese administration, the 74-year-old Mr. Biden maintains a different stance. He insists that he erred in his previous statement with the IRS earlier this year, where he stated that his nephew Hunter Biden, who had business affiliations with the company and James, had described its chairman Ye Jianming as a confidant of Chinese President Xi Jinping.

IRS officials probed James in February about his knowledge of the source of the funds aimed at Hunter Biden's company, Owasco. 'CEFC', was James's straightforward response after a significant amount of back and forth between his legal representation and the investigators. During the questioning, his lawyer, Paul Fishman, attempted to beat around the bush saying 'money's fungible', until pointed out that James 'did not have sufficient funds' to make the supposed $40,000 payment independently, 'so it is traceable'.

The younger brother of President Joe Biden, James Biden was recently involved in an undisclosed testimony to a congressional committee. According to various sources, he stated that a $40,000 check issued to the president back in 2017 leveraged funds he had acquired from a company with suspected ties to the Chinese government. The information also revealed that James had international income flowing in as late as the previous year.
Despite the apparent association with CEFC China Energy, a company believed to be overseen by the Chinese administration, the 74-year-old Mr. Biden maintains a different stance. He insists that he erred in his previous statement with the IRS earlier this year, where he stated that his nephew Hunter Biden, who had business affiliations with the company and James, had described its chairman Ye Jianming as a confidant of Chinese President Xi Jinping.
IRS officials probed James in February about his knowledge of the source of the funds aimed at Hunter Biden's company, Owasco. 'CEFC', was James's straightforward response after a significant amount of back and forth between his legal representation and the investigators. During the questioning, his lawyer, Paul Fishman, attempted to beat around the bush saying 'money's fungible', until pointed out that James 'did not have sufficient funds' to make the supposed $40,000 payment independently, 'so it is traceable'.

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