$20M and Counting: Tally on Foreign Money to Biden Family Rises With Release of New Bank Records
Fred Lucas /
The tally of foreign money to the Biden family has hit at least $20 million, based on the third round of bank records the House Oversight and Accountability Committee released Wednesday—pointing to millions from oligarchs from Russia, Kazakhstan, and Ukraine.
Foreign sources sent the money to Biden family members and business associates while Joe Biden was vice president during the Barack Obama administration.
In February 2014, Russian billionaire Yelena Baturina transferred $3.5 million to Rosemont Seneca Thornton, a shell company owned by Hunter Biden and his partner Devon Archer. About $1 million was transferred to Archer, and the remainder was used to initially fund a new company account, Rosemont Seneca Bohai.
In July, Archer testified to the House committee that while Biden was vice president, he showed up for a dinner with Hunter Biden’s business associates that included Baturina.
“During Joe Biden’s vice presidency, Hunter Biden sold him as ‘the brand’ to reap millions from oligarchs in Kazakhstan, Russia, and Ukraine,” House Oversight and Accountability Chairman James Comer, R-Ky., said in a public statement about the new bank records. “It appears no real services were provided other than access to the Biden network, including Joe Biden himself.”
The Russian billionaire attended the dinner at Café Milano along with then-Vice President Joe Biden.
“Hunter Biden seems to have delivered,” Comer continued. “This is made clear by meals at Café Milano where then-Vice President Joe Biden dined with oligarchs from around the world who had sent money to his son. It’s clear Joe Biden knew about his son’s business dealings and allowed himself to be ‘the brand’ sold to enrich the Biden family while he was Vice President of the United States.”
Comer said the committee will continue to investigate whether “President Biden is compromised or corrupt, and our national security is threatened.”
Archer referenced in his testimony that a Kazakhstani oligarch, Kenes Rakishev, provided money for Hunter Biden to buy a sports car. The newly-released records show that in February 2014, Hunter met Rakishev at a Washington hotel.
In April, Rakishev wired $142,300 to Rosemont Seneca Bohai, according to the committee’s summary of the records. The next day, a payment was made from Rosemont Seneca Bohai for a sports car for Hunter Biden in the amount of $142,300.
Archer and Hunter Biden arranged for Burisma executives to visit Kazakhstan in June 2014 to evaluate a three-way deal between Burisma, a Chinese state-owned company, and the government of Kazakhstan.
Have an opinion about this article? To sound off, please email [email protected] and we’ll consider publishing your edited remarks in our regular “We Hear You” feature. Remember to include the url or headline of the article plus your name and town and/or state.