Hunter Biden and his associates made $10 million more than was previously known from their foreign business dealings, newly released bank records show.
The House Oversight Committee said on Wednesday that it had sent subpoenas to six banks for the records of businesses and people who worked with the Biden family but noted that congressional investigators have not yet sent subpoenas for any of the bank records of Biden family members.
A memo prepared by the committee said congressional investigators have now confirmed $20 million worth of payments through companies run by Hunter Biden and his business associates; in May, the committee said its work had uncovered $10 million of payments.
And those payments likely paint an impartial picture of how much income Hunter Biden and his partners raked in while Joe Biden was vice president. The new records focus only on a handful of deals involving Ukraine, Russia, and Kazakhstan; Hunter Biden is known to have taken payments from Chinese entities as well, including in the form of a large diamond that is now missing.
The latest records involve just three entities in the Rosemont Seneca family of companies. Hunter Biden and his former business partner, Devon Archer, established the companies while Joe Biden was vice president, and the three under scrutiny this week represent just a fraction of the more than 20 shell companies used by members of the Biden family and their associates during Joe Biden’s vice presidency.
One of the most eye-popping payments involved a $142,300 wire from Kenes Rakishev, a wealthy and well-connected Kazhakstani oligarch who, emails show, was interested in investing in Rosemont Seneca so he could build “a more global brand.”
The day after Rakishev sent the money, one of the Rosemont Seneca entities used it to purchase a sports car that cost exactly $142,300.
Archer appeared to assure Rakishev in email correspondence from 2014 that he could arrange for then-Secretary of State John Kerry to visit Kazakhstan. Rakishev had requested that Kerry visit his country, and Archer said he would “ensure [it's] planned soonest” but only “if we have some business started as planned.”
Archer and Hunter Biden also worked toward a deal involving Burisma, a Ukrainian energy company on whose board they both served, and a Chinese company that would have been based in Kazakhstan. It’s unclear whether the deal came to fruition.
In 2014, Hunter Biden introduced then-Vice President Joe Biden to Rakishev at a dinner, the House Oversight Committee said.
Another notable payment came from Yelena Baturina, who also attended the dinners with Joe Biden. Baturina is a powerful Russian oligarch who paid one of the Rosemont Seneca companies $3.5 million in February 2014, around the same time as the first dinner that Joe Biden attended.
The White House has continued to dismiss the findings as old news and maintained Joe Biden’s denials of having ever been involved.
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