ANN KENEVAN
on June 14, 2026
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WASHINGTON — President Biden received $40,000 in “laundered” funds from Chinese government-linked CEFC China Energy, according to a memo released Wednesday by the House Oversight Committee.
The 2017 transfer from first brother James Biden and his wife Sara to the future president allegedly involves the same business deal in which Joe Biden was called the “big guy” and penciled in for a 10% cut — and would be the first proven instance of the commander-in-chief getting a piece of his family’s foreign income.
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