Posted on 02/02/2024 10:43:05 AM PST by Red Badger
Joey Langston, a former Joe Biden fundraiser, testified to loaning James Biden $800,000 and was not repaid for the full value. This marks the latest piece of evidence uncovered by the impeachment inquiry showing unusual loans to and from Biden family members.
The most recent person to testify before the House Oversight Committee's President Biden impeachment inquiry reportedly says he loan one of Biden's brothers about $800,000 in 2016 and 2017, but got back only about half of the money.
The witness, Joey Langston, a friend of President Biden and former campaign fundraiser for him, says he loaned the money to James Biden in at least four installments, three in 2016 and one in 2017, according to a source familiar with Langston's transcribed interview Thursday.
Langston testified that Biden only repaid him $400,000, about half of the original value. He testified that he does not have documentation for these loans nor does he recall the dates of other loans he provided.
The inquiry, to learn whether President Biden has ever committed any impeachable offenses, centers in large part on the overseas business deal of James Biden and the president's son, Hunter Biden, and to learn whether President Biden profited from them.
Langston previously spent six months in prison and was fined $250,000 in a scheme to bribe a federal judge in Mississippi. He was also disbarred from practicing law in the state.
Langston is also the latest creditor to a Biden family member who also donated to Joe Biden's campaigns.
Kevin Morris, the Hollywood lawyer and friend of Hunter Biden, met the first son at a California fundraiser for his father before loaning him about $5 million. In the past, Langston hosted fundraisers for Joe Biden and communicated with the then-senator on legislative matters, according to ProPublica.
Other loans received by James Biden appeared to provide financial benefits to his brother, Joe Biden.
The impeachment inquiry previously uncovered that James Biden took $600,000 in loans from the failing healthcare company Americore.
According to the company's bankruptcy court documents, Biden received these loans "based upon representations that his last name, 'Biden,' could 'open doors' and that he could obtain a large investment from the Middle East based on his political connections."
The inquiry found that on the same day that Americore wired $200,000 to James Biden's personal bank account, he wrote a check for the same amount to his brother, Joe Biden.
The court documents showed that James Biden never repaid Americore, even as the company struggled to stay afloat. It eventually declared bankruptcy after promised investments from the Middle East Biden promised never materialized.
I read that in the Bush v. Gore case neither side paid their attorney’s. It’s common that local campaign offices don’t pay their rent. I gather there are special rules in the tax code that enable the unpaid party to take credits. This is probably one of those special deals politicians put into the tax code.
I’ve looked at the financial transactions between James, Joe, Frank and Hunter and how they money laundered millions of dollars in graft, kickbacks and plain old extortion from Ukraine, China and other places.
They all ought to be in prison.
I hope geriatric Biden is around to see prosecution of him and his other corrupt family members - and to know that history will never forget it.
Someone in the Biden crime family hatched this idea that everything is called a loan. I guess it goes back to the days when bums and grifters called everything a loan, like “loan me a cigarette”, or “hey buddy, loan me a couple bucks.” Who hasn’t faced that knowing it never will be repaid? These days when faced with a similar request, I point out the obvious by saying “you have no intention to pay me back.” They always smile and agree.
The public understands a cigarette or a couple of bucks, but $40k, $200k, $400k, $600k???? Yes, they do play everyone for fools. I’m not so sure a jury will play along with the cutesy crap.
Oddly it’s the elitist leftists that will publicly defend the Bidens. The everyday democrat knows what is going on and polling shows that.
EC
Joey Langston, a former Joe Biden fundraiser, testified to loaning James Biden $800,000 and was not repaid for the full value.
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we those “loans” made in the form of cash or gold bars?
The unpaid porion looks like it might be a gift for tax puposes, right?
If I gave my sister $800K and she only paid me back $400K, then the remaining $400K should be a gift for tax purposes, and anything beyond $10K a year is taxable, amiright?
The Biden crime family as work!
The BIG question is..........where did the “disbarred
jailbird” Langston get all that money to lend a Biden?
What was his source of income?
Langston said the so-called loans
were parceled out, made in segments.......
Was the money rolling in from Hunter’s
lucrative foreign influence-peddling deals?
Then rerouted to the Biden’s.......on cue?
I don’t know. I’m not H&R Block..............
WHEN CANKLES failed to win OVAL OFFICE-—she left behind a large trail of UNPAID venues-—small vendors & other items pertaining to campaign appearances.
NEVER did hear if those small businesses got paid.
“I’m not so sure a jury will play along with the cutesy crap.”
Did Joe loan him the money so James could invest it for Joe in a Chinese business? I suspect James was just a straw man to make it look like Joe had nothing to do with it.
You are correct, but venue shopping is an art and a science. The left uses DC and NYC. I’m sure at least one of these transactions had one party outside the cesspools. Delaware may even work with the right uncompromised judge.
EC
In other words that was a $400K bribe.
If I gave my sister $800K and she only paid me back $400K, then the remaining $400K should be a gift for tax purposes, and anything beyond $10K a year is taxable, amiright?
it depends
are you a democrat or a republican?
I was a Dem until 1982, walked away and never looked back. That absolutely ensures I would be audited and hauled into court if I did 1% of what the Biden crime family has gotten away with.
The most prolific loaners in political history
Where did he get $800,000?
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