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Biden: Zero ties to family businesses, assures ex-finance manager.

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TLDR:

Eric Schwerin, a longtime friend and associate of Hunter Biden who also served as President Joe Biden’s financial manager during his time as vice president from 2009-2017, testified before the House Oversight Committee that he had no knowledge of any financial transactions or compensation received by the elder Biden from his son or any other family member during that period. Schwerin also stated that he was not aware of any involvement by President Biden in his family’s business activities and that he could not recall any request for Biden to take official action for the benefit of his son’s clients or business partners. Republicans on the panel have alleged that President Biden financially benefitted from his son’s overseas business ventures or abused his authority to benefit his son’s employers. Schwerin’s testimony undermines those claims.

Key Points:

  • Eric Schwerin told the House Oversight Committee that he was not aware of any financial transactions or compensation received by President Biden from his son or any other family member during Biden’s time as vice president.
  • Schwerin stated that he had no knowledge of President Biden’s involvement in his family’s business activities and could not recall any request for Biden to take official action for the benefit of his son’s clients or business partners.
  • Republicans on the committee have made claims that President Biden financially benefitted from his son’s overseas business ventures or abused his authority to benefit his son’s employers.
  • Schwerin’s testimony contradicts those allegations and emphasizes that President Biden took a transparent and ethical approach to his personal finances.
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