(FamilyConservationPAC.com) – According to court filings, James Biden secretly brokered a $140 million settlement agreement between a U.S. corporation and the Saudi Arabian government in 2012 due to his relationship with the then-vice president, Joe Biden.
The information is another example of the Biden family company buying and selling influence.
James Comer (R-KY), chairman of the House Oversight Committee, is apparently already in possession of copies of the court records and is looking into the incident as part of his investigation into the Biden family for nine offenses, including wire fraud, tax evasion, and money laundering.
Notably, James Biden previously held the position of executive vice president. He also had a minority share in the U.S. company’s subsidiary.
HANNITY: SHOCKING NEW REPORT ON BIDEN CORRUPTION – REP JAMES COMER (R-KY) pic.twitter.com/XOQ7DxbRht
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James Biden was engaged to negotiate with the Saudis “because of his position and connection” with then-Vice President Biden, according to two separate statements made in an affidavit by former U.S. Treasury employee Thomas Sullivan, who was trying to settle the agreement as a private consultant.
According to court records, a $132 million settlement was reached after the business negotiations.
The American corporation “employed [James] Biden as a settlement middleman in order to profit on the influence and orchestration of the settlement by the then Vice-President,” according to partner Thomas Lankford’s declaration for Lankford & Reed in May 2022.
James Biden and his wife, Sara, were questioned about the back-door transaction by the attorneys after the U.S. corporation decided to go behind the back of the legal team to collect its money through James Biden.
According to an affidavit, this interview took place on July 16, 2017.
James Biden reportedly said during the interview that “Of course, the [James Biden] name didn’t hurt” to close the sale. Joe and according to Sara, they “told each other everything.”
Sara’s assertion refutes Joe Biden’s assertion that he has never discussed economic dealings with the Biden family.
The son of the previous CEO and current CEO of the American business denied any connections to Joe or James Biden in 2020. “I am not connected to the Bidens. Jim Biden spent a few years employed by a Hill subsidiary. That affiliate did not submit a report to me. I didn’t want to put money into that business,” David Richter told the New Jersey Globe.
He said, “I’ve never seen or heard from Jim Biden since it was shut down at my suggestion after many years of failure.”
However, David Richter acknowledged that James Biden was helpful in the sale, according to a 2015 Fox News story.
According to David Richter’s father, the friendship between James Biden and Joe Biden was not a factor in the settlement agreement.
It should be emphasized that James Biden had prior experience working with the American company’s affiliate, HillStone International, before the Saudi agreement.
In 2010, the subsidiary appointed James Biden as executive vice president and granted him a small equity position in the business.
Should the House Oversight Committee investigate the Biden family, their foreign payouts, and business dealings abroad?
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