GOP Memo Show Bidens Received $20M From Russia, Ukraine, and Kazakhstan

Daily Report August 10,2023

The GOP-led House Oversight Committee released a memo on Wednesday showing that the Bidens received over $20 million from Russia, Ukraine, and Kazakhstan while President Joe Biden was vice president.

The memo was the result of the committee’s investigation that subpoenaed six different banks and received thousands of records in response. According to the committee, the subpoenas were tailored to individuals and entities engaged in business activities with the Bidens and their associates.

According to the Memo, Hunter and Devon Archer used Rosemont Seneca Entities to receive millions from Oligarchs in Europe and Asia. Archer, a close business associate of the first son, testified against Hunter and Joe Biden before Congress in July. Hunter Biden would later receive incremental payments from the account to hide the payment’s source and size.

The committee memo also showed that a Ukrainian Oligarch Placed Archer placed Hunter and Archer to work on the board of Burisma in the spring of 2014. Both men received a payment of $1 million per year. Burisma wired the payment to Rosemont Seneca Bohai, with Hunter receiving his payment in incremental amounts via different bank accounts. Joe Biden, who was vice president at the time, visited Ukraine soon after Burisma made the first payment to Hunter.

Russian billionaire Yelena Baturina transferred $3.5 million to Rosemont Seneca Thornton in February 2014. Around $1 million was transferred to Archer, and the rest was used to fund Rosemont Seneca Bohai. According to Archer’s testimony before Congress, then-vice President Joe Biden had dinner with Yelena Baturina in 2014 and 2015.

Kazakhstani Oligarch Kenes Rakishev wired $142,300 to an account belonging to Hunter and Archer in February 2014.

The money was then used to buy Hunter Biden a sports car. Hunter and Joe Biden met with Rakishev at a Washington, D.C., that same month.

“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 Committee Chair James Comer (R-KY)said in a press release. “It appears no real services were provided other than access to the Biden network, including Joe Biden himself. … 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.”

 

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