Biden Business Paid $20M While Joe Biden was VP

    Photo: Wikimedia Commons

    The Facts

    • On Wednesday, the US House Oversight Committee revealed that the Biden family, including current President Joe Biden and first son Hunter Biden, has brought in at least $20M of personal wealth from foreign entities.

    • The newly released "Third Bank Records Memorandum" follows two prior bank memos published by the Republican-majority committee. The latest release shows that Yelena Baturina, the widow of Moscow's former Mayor Yury Luzhkov, wired millions to a firm co-owned by Hunter.

    The Spin

    Republican narrative

    Despite the left's dismissive attitude, when Biden's relatives receive money, Biden is receiving money. If such behavior were exercised by the relatives of a Republican VP, Americans wouldn't hear the end of it. The Biden admin. has been obscuring the truth for years — both Joe and Hunter should be subpoenaed, and full bank records released, so that we can finally get to the crux of the Biden family's business dealings.

    Democratic narrative

    House Republicans are showing their intent to smear the President with accusations of corruption, despite a lack of evidence that he financially benefitted from the business transactions of his son. It seems that Republicans are fixated upon impeaching Joe Biden even without a clear establishment of the facts. This is a storm over a plethora of baseless conspiracy claims.

    Nerd narrative

    There is a 24% chance that Hunter Biden will be indicted before November 5, 2024, according to the Metaculus prediction community.

    Public figures in this story

    Political split



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