by Mitch Kokai
Senior Political Analyst, John Locke Foundation
The Biden family raked in upwards of $20 million from foreign business partners during the Obama administration, according to new records out Wednesday.
According to financial documents released by the House Oversight Committee, President Joe Biden’s son Hunter ran the family influence-peddling scheme by funneling money across a series of shell companies to conceal “the source and size of the payments.” The records released Wednesday reveal large payments from oligarchs in Russia, Ukraine, and Kazakhstan.
“It appears no real services were provided other than access to the Biden network, including Joe Biden himself,” said House Oversight Chairman James Comer, R-Ky. “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.”
Last week, former Biden family business partner Devon Archer detailed the family influence-peddling operation in testimony before the Oversight Committee. Archer, the co-founder of Hunter Biden’s firm, Rosemont Seneca, told lawmakers that foreign oligarchs hired the president’s son to buy immediate access to Washington politicians including Joe Biden himself, gain the Biden “brand,” and intimidate enemies.
“I think at the end of the day, part of what was delivered is the brand,” Archer said. “I mean, it’s like anything, you know, if you’re Jamie Dimon’s son or any CEO. You know, I think that’s what we’re talking about, is that there was brand being delivered along with other capabilities and reach. … I think ‘brand’ is the best way to describe it.”
Archer told the committee Joe Biden spoke with his son’s associates at least 20 times, contradicting Democrats and Biden’s own denials of any involvement from 2019, 2020, 2021, 2022, and 2023. Other records indicate, however, that President Biden interacted with family business partners more than 200 times.