The committee said those companies were formed mostly in Delaware and Washington, D.C., with the help of Hunter Biden’s business partners Rob Walker and James Gilliar.
"After assuming the vice presidency in 2009, records reveal Hunter Biden and his business associates formed at least 15 companies," the memo said. Those companies include Lion Hall Group LLC; Owasco P.C.; Robinson Walker, LLC; Skaneateles, LLC; Seneca Global Advisors, LLC; Rosemont Seneca Partners, LLC; Rosemont Seneca Principal Investments LLC; Rosemont Seneca Bohai, LLC; Hudson West III, LLC; Hudson West V, LLC; CEFC Infrastructure Investment (US) and others.
"Bank records show the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ companies," the memo said, adding that the committee identified payments to Biden family members from foreign companies "while Joe Biden served as Vice President and after he left public office."
"[T]he Biden family used business associates’ companies to receive millions of dollars from foreign companies," the memo said, adding that the Biden family "received incremental payments over time to different bank accounts."
In some instances, Biden associates would receive significant deposits from foreign sources into their bank accounts and then transfer smaller, incremental payments to Biden bank accounts," the memo said. "These complicated and seemingly unnecessary financial transactions appear to be a concerted effort to conceal the source and total amount received from the foreign companies."
It said Chinese nationals and companies "with significant ties to Chinese intelligence and the Chinese Communist Party hid the source of the funds by layering domestic limited liability companies."
The committee says it is investigating "the opaque corporate structure of particular Biden-affiliated companies, those companies’ complicated connections with each other, whether these companies maintained books and records, and why certain foreign nationals sought to partner with and engage in businesses with specific Biden family members and their companies."
It said it already sees signs that the Biden family may have collected money from foreign nationals trying to influence U.S. policy. For example, the committee said it discovered that Hunter Biden, through his associate Rob Walker, received more than $1 million from a foreign company reportedly controlled by Gabriel Popoviciu, the subject of a criminal probe and prosecution for corruption in Romania. Then-Vice President Biden met with Romanian leaders in 2014 and 2015 "regarding corruption in the country."
The committee said it found that in addition to Hunter Biden, James Gilliar and Rob Walker receiving foreign funds, James Biden, Hallie Biden and "other Bidens" also received "foreign payments."
The memo included a breakdown of the transactions from Chinese and Romanian nationals and companies.
Specifically, with regard to China, the memo points to two people —Ye Jianming and Gongwen Dong – and warned that particular Chinese business venture posed "potential threats to American national security." Both people were connected to Hunter Biden’s joint-venture with Chinese energy company CEFC.
"After assuming the vice presidency in 2009, records reveal Hunter Biden and his business associates formed at least 15 companies," the memo said. Those companies include Lion Hall Group LLC; Owasco P.C.; Robinson Walker, LLC; Skaneateles, LLC; Seneca Global Advisors, LLC; Rosemont Seneca Partners, LLC; Rosemont Seneca Principal Investments LLC; Rosemont Seneca Bohai, LLC; Hudson West III, LLC; Hudson West V, LLC; CEFC Infrastructure Investment (US) and others.
"Bank records show the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ companies," the memo said, adding that the committee identified payments to Biden family members from foreign companies "while Joe Biden served as Vice President and after he left public office."
"[T]he Biden family used business associates’ companies to receive millions of dollars from foreign companies," the memo said, adding that the Biden family "received incremental payments over time to different bank accounts."
In some instances, Biden associates would receive significant deposits from foreign sources into their bank accounts and then transfer smaller, incremental payments to Biden bank accounts," the memo said. "These complicated and seemingly unnecessary financial transactions appear to be a concerted effort to conceal the source and total amount received from the foreign companies."
It said Chinese nationals and companies "with significant ties to Chinese intelligence and the Chinese Communist Party hid the source of the funds by layering domestic limited liability companies."
The committee says it is investigating "the opaque corporate structure of particular Biden-affiliated companies, those companies’ complicated connections with each other, whether these companies maintained books and records, and why certain foreign nationals sought to partner with and engage in businesses with specific Biden family members and their companies."
It said it already sees signs that the Biden family may have collected money from foreign nationals trying to influence U.S. policy. For example, the committee said it discovered that Hunter Biden, through his associate Rob Walker, received more than $1 million from a foreign company reportedly controlled by Gabriel Popoviciu, the subject of a criminal probe and prosecution for corruption in Romania. Then-Vice President Biden met with Romanian leaders in 2014 and 2015 "regarding corruption in the country."
The committee said it found that in addition to Hunter Biden, James Gilliar and Rob Walker receiving foreign funds, James Biden, Hallie Biden and "other Bidens" also received "foreign payments."
The memo included a breakdown of the transactions from Chinese and Romanian nationals and companies.
Specifically, with regard to China, the memo points to two people —Ye Jianming and Gongwen Dong – and warned that particular Chinese business venture posed "potential threats to American national security." Both people were connected to Hunter Biden’s joint-venture with Chinese energy company CEFC.
