The investigation was initially launched last September in light of evidence showing that the president actively participated in business transactions with foreign business partners of his relatives while he was the vice president under Barack Obama. IRS investigators also alleged that there was a far-reaching cover-up by the Justice Department at the time.
The report, which is nearly 300 pages long, describes how Biden took part in “abuse of power” and “obstruction of justice or obstruction of Congress” in a $27 million “influence-peddling racket” – something that would certainly justify trying to remove him from office were he not already on his way out. He announced he would not be seeking reelection on July 21 amid concerns about his steep cognitive decline. In fact, he is not expected to be impeached by the House despite a narrow majority for Republicans, partly as a result of his dropped bid for another term.
The report was based on interviews with 30 witnesses, along with dozens of subpoenas to obtain testimony. The House committees behind the report also reviewed millions of pages of bank records, business contracts, and other types of documents to reach their conclusion.
According to the report, “Joe Biden has exhibited conduct and taken actions that the Founders sought to guard against in drafting the impeachment provisions in the Constitution: abuse of power, foreign entanglements, corruption, and obstruction of investigations into these matters.”
They explained how the president's family carried out a worldwide influence peddling racket that brought them millions of dollars’ worth of profits “with the full knowledge and cooperation of President Biden.”
“One of the most egregious abuses of power uncovered in the history of the United States”
One of the major transgressions identified by the report was Biden’s support for the shady business ventures of his son Hunter and his brother James, which he then tried to cover up by resisting Congressional oversight.
The report called his actions “one of the most egregious abuses of power uncovered in the history of the United States.”
At least $18 million flowed from foreign entities to accounts and shell companies that are linked to members of the Biden family, who sold the “Biden brand” to various associates in places such as China, Russia, Ukraine and Kazakhstan. On several occasions, Joe reportedly met with or spoke to foreign patrons and implied that they would have access to him in exchange for the payments that could help to support the family's business interests.
One example they cited was how Hunter Biden received a $1 million per year salary for serving on the board of a Ukrainian natural gas company known as Burisma Holdings despite a dearth of relevant experience just weeks after his father, who was then the vice president, was named the Obama administration’s Ukrainian policy point person; Joe later leveraged his position to have a prosecutor investigating Burisma fired.
Biden's family and business associates went out of their way to cover up his involvement in business schemes by funneling the money through various networks and using code names and other tactics in hopes of maintaining “plausible deniability.”
The report also exposes the lies that Biden told about these situations, claiming repeatedly to the public that he "never” discussed business with his brother and son, nor did he ever interact with their business partners; the report contains considerable evidence indicating otherwise.
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