Click to access Bank-Memorandum-5.10.23.pdf
This Second Bank Records Memorandum expands on information the Committee recently received from subpoena returns and, additionally, serves as a response to misinformation spread by the President, Minority Members, and their allies regarding the contents of the First Bank Records Memorandum.
The Committee has subpoenaed four different banks and received thousands of records in response. The Committee’s bank subpoenas were tailored to specific individuals and companies that engaged in business activities with Biden family members and their business associates.
Committee staff will continue to release memoranda to Majority Members as new information is uncovered.
The Committee has Reviewed Thousands of Bank Records: The Committee has obtained thousands of relevant bank records via subpoenas.
The Complicated Network of Biden Family and Associates’ Companies: Biden family members and business associates created a web of over 20 companies—most were limited liability companies formed during Joe Biden’s vice presidency.
The Biden Family Received Millions of Dollars from Foreign Sources: Bank records show the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ companies. The Committee has identified payments to Biden family
members from foreign companies while Joe Biden served as Vice President and after he left public office.
The Biden Family Used Business Associates’ Companies to Receive Foreign Funds: Despite creating many companies after Vice President Biden took office, the Biden family used business associates’ companies to receive millions of dollars from foreign companies.
Attempts to Conceal Large Financial Transactions: After foreign companies sent money to business associates’ companies, the Biden family received incremental payments over time to different bank accounts. These complicated financial transactions appear to conceal the source of the funds and reduce the conspicuousness of the total amounts made into the Biden bank accounts.
Shocking new developments emerge in the explosive Biden Romania scandal…
All roads lead to Romania, according to a recent report by the House Oversight Committee that revealed Joe Biden received foreign funds from Romania during his time in office as vice president. The news has come as a bombshell and added to the scrutiny of the Biden family’s alleged corruption. While Ukraine and China have been the primary focus of the Biden Crime Family allegations, Romania was never considered to be a potential source of foreign funds… but here we are.
We also know, thanks to a 2022 New York Post report, that Hunter Biden met with his father multiple times while he was working for a Romanian real estate tycoon accused of corruption — an effort that netted Joe Biden’s second son and associates “millions” of dollars, a source close to the arrangement told The Post.