Congressman Dan Meuser has experience in banking and he explains why the “loan” payments to Joe Biden from family members are likely illegal.
All of America knows that the Bidens are a crime family. Joe Biden led the family “business”. The product the family sold was favors by the US government. To sell laws or privileges within the government is illegal. But the way the Bidens went about cashing in was likely also illegal.
Joe Biden received checks from family members for “loans”. One check was for $200,000.
Another check identified was for $40,000
Congressman Dan Meuser shared the following:
Throughout the course of the Oversight Committee’s impeachment inquiry, they uncovered two checks from Sara and Jim Biden to Joe Biden. One for $40,000 and the other for $200,000 — both of which had “loan repayment” written in the memo line. While these transactions were classified as a loan repayments, there is no evidence that President Biden ever extended these loans. This is particularly concerning because the IRS mandates that any loan between family members be made with a signed written agreement, a fixed repayment schedule, and a minimum interest rate. Classifying such a payment as a “loan repayment” is often used as a way to avoid paying taxes on large amounts of income — as the former Revenue Secretary of Pennsylvania, I can tell you this is one of the oldest tricks in the book. And given no evidence has been produced showing President Biden had in fact made this loan, it is possible he and his brother committed tax fraud and tax evasion.
Here is Meuser’s Truth:
These checks are also only the very tip of the iceberg. Hunter made $1 billion from China in another transaction. These checks are small potatoes compared to that.