and they say they have the bank records to prove it. it is thousands of pages. comer says he and his investigators are following the money. there is a lot of money and thus far we ve only presented $1.3 million. as if that wasn t enough, that went to 3 or 4 biden family members. after this press conference that number will be significantly higher. question arises what were these family members doing to receive this money? dana: andy mccarthy, john deconvenience and jason chaffetz are standing by. let s go to david spunt at the justice department to. comer called today judgment day, says it will be a bad day for the white house. we ll see what he has to say in a moment. i may be cut off depending what time this begins. the team released an embargoed memo. 36 pages which lays out house republicans case that alleges the biden family & associates created more than 20 companies and made more than $10 million from those companies with foreign ties. there is a recurring theme.
verified by the washington post. things didn t go as planned because the chinese detained yi in march of 2018 for fraud. in an email to gong and another associate hunter tried to explain away the last year of doing business together. this is in the email that has been verified. he wrote and i quote. i am not in a joint venture with cefc or partners with them and i m not employed nor funded by cefc, close quote. hunter was funded by cefc as mismace will explain. i m extremely concerned about the president s connection to these individuals. he was supposedly meant to share office space with and denied knowing anything about these transactions and these business dealings and also has denied receiving any money for himself or his family from chinese connections. that has been proven to be a lie. i will yield back, mr. chairman, thank you. next one up miss mace.
council for an international arm for the people s liberation army called the china association for international friendly contact. according to a u.s. agency that organization is a platform for deploying undercover intelligence gotherers. he started an energy company started cefc, china. yi explained in a speech to the committee that the committee obtained and translated to english that cefc china s vision is very simple, it is to obtain overseas resources and serve the national strategy. not u.s. national strategy, chinese national strategy. it s the communist party s strategy. yi was close to xi and welcomed at least one foreign president to beijing with xi.
the d.o.j. has referenced yi and cefc bribing african leaders. the other chinese national i ll mention now is gong who did work for yi in america. when yi needed to do business in america he often looked to gong. the amount of money was strayingering. june through august of 2017 alone, yi transferred to gong in america more than $130 million. yi met with hunter biden in february 2017 and gave him a diamond worth tens of thousands of dollars as a gift. in august of 2017 yi through gong opened up a business with hunter and james biden called hudson west three based here in washington, d.c. hunter wanted to get joe biden s keys to the office and they could all share office space together according to an email
family members from adversaries of ours awrong the world it s wrong whether you have a republican or democrat by your name. intentionally taking steps to hide the money coming from china through a series of financial gymnastics. joe biden s political career was winding down at the time and one of the biden family s last chances to cash in on the name. we have evidence of chairman yi who believed to be affiliated with the chinese communist party intelligence organizations and accused of gathering intel for communist china, yi started cefc in china. his agent in america gong, which andy biggs mentioned earlier, formed cefc investment u.s. in 2017. may 18, 2017 he used one of his chinese company trying to hide the source of the money. you see this pattern repeated