The House Oversight Committee made public on Monday a transcript of testimony from former business associate of Hunter Biden, Eric Schwerin, suggesting discrepancies with the White House's explanation regarding the handling of “loan” money involving Joe Biden and his family members.
Despite assertions from the White House and Biden's brother that the funds transferred from Biden family members to Joe Biden post-vice presidency were loan repayments, Schwerin, who handled Joe Biden's tax filings pro bono, informed congressional investigators that he never encountered any evidence of loans to family members. This revelation sparks renewed inquiries into the nature of payments between family members and Joe Biden.
A significant disclosure from the interview is that Eric Schwerin, during his partnership with Hunter Biden, conducted accounting tasks for Joe Biden without charging any fees. Schwerin informed the committee that due to his professional duties, he had access to Joe Biden's bank accounts up to the year 2017.
According to the transcript reviewed by Just the News, committee investigators asked Schwerin if Joe Biden ever provided any loans while Schwerin was compiling documents for him. Schwerin responded, “Not that I recall,” indicating a lack of recollection regarding any such loans during his involvement.
Schwerin further stated that he assisted with Joe Biden's taxes from 2009 to 2016 and continued to aid with household financial matters until 2017, coinciding with the year when the committee documents the initial “loan repayment” from Joe Biden's brother, James.
According to his interview transcript, James Biden informed the committee that he did not maintain any documentation for the loans he asserts were provided by his brother Joe Biden. He also clarified that he was not subject to any interest charges.
James Biden stated that he acquired the loans by reaching out to the law firm Monzack Mersky and Browder, which represented Joe Biden personally, and directly requesting funds from his brother's accounts. However, he admitted uncertainty regarding whether the funds originated from Joe Biden's corporate or personal accounts.
During his interview with the committee, Schwerin affirmed that he had access to both Joe Biden's personal and corporate accounts in 2017, coinciding with the receipt of the alleged $40,000 loan repayment.
