Current:Home > InvestGOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing." -Summit Capital Strategies
GOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing."
View
Date:2025-04-15 13:34:05
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! (92941)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Man wins $9.6 million from New York LOTTO, another wins $1 million from HGTV lottery scratch-off
- New tent cities could pop up in NYC as mayor removes homeless migrants from shelters
- Man arrested in slaying of woman found decapitated in Northern California home, police say
- What to watch: O Jolie night
- Human skull found in Florida thrift store, discovery made by anthropologist
- Italy grants citizenship to terminally ill British baby after Vatican hospital offers care.
- A 'trash audit' can help you cut down waste at home. Here's how to do it
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- New Edition announces Las Vegas residency dates starting in late February after touring for 2 years
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Ariana Madix reacts to ex Tom Sandoval getting booed at BravoCon: 'It's to be expected'
- Animal shelters think creatively to help families keep their pets amid crisis
- Moldova’s pro-Western government hails elections despite mayoral losses in capital and key cities
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Owner of Black-owned mobile gaming trailer in Detroit wants to inspire kids to chase their dreams
- Trump's decades of testimony provide clues about how he'll fight for his real estate empire
- Another ex-player is alleging Blackhawks’ former video coach sexually assaulted him in 2009-10
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Hit-and-run which injured Stanford Arab-Muslim student investigated as possible hate crime
US senators seek answers from Army after reservist killed 18 in Maine
QB changes ahead? 12 NFL teams that could be on track for new starters in 2024
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Gov. Youngkin aims for a GOP sweep in Virginia’s legislative elections. Democrats have other ideas
Kyle Richards tears up speaking about Mauricio Umansky split: 'Not my idea of my fairytale'
3 new poetry collections taking the pulse of the times