Oversight Committee shares email on Chinese money laundering into Biden’s pocket
Bank Investigator Raises Concerns About $5 Million Chinese Money Laundering Scheme
Uncovering a Complex Web of Financial Transactions
House Committee on Oversight and Accountability Chairman Rep. James Comer recently revealed an email from a bank money laundering investigator that sheds light on some alarming financial activity. The investigator expressed concerns about the “unusual” movement of $5 million from a Chinese company, with $40,000 of that amount ending up in Joe Biden’s pocket.
The email, which was subpoenaed by Comer in 2018, outlines the investigator’s worries regarding the initial funding from Northern International Capital Holdings, an entity linked to the Chinese government. The investigator also highlighted the erratic payments made to Hudson West III, a joint venture involving Hunter Biden, and Owasco, P.C., a company owned by Hunter Biden.
Of particular concern was the fact that Hudson West III was transferring millions of dollars to Owasco, P.C., despite the latter not providing any services to the former. The investigator even suggested that this could be an example of China attempting to influence politicians’ children through “sweetheart deals.”
According to Comer, the bank investigator was so troubled by Hunter Biden’s financial transactions with the Chinese company that he wanted to reassess the bank’s relationship with the customer.
Click here to view the bank email
The Oversight Committee revealed that the flagged funds, which partially made their way to Joe Biden, originated from the account of his brother, James Biden, and sister-in-law, Sara Biden. These funds are part of a complex network of financial transactions that began with the initial $5 million funding from Northern International Capital Holdings.
Here is a timeline of the transactions:
- Aug. 8, 2017: Northern International Capital sent $5 million to Hudson West III. On the same day, Hudson West III transferred $400,000 to Owasco, P.C.
- Aug. 14, 2017: Hunter Biden wired $150,000 to Lion Hall Group, LLC, a company owned by President Biden’s brother James and sister-in-law Sara Biden.
- Aug. 28, 2017: Sara Biden withdrew $50,000 in cash from Lion Hall Group and deposited it into her and James Biden’s personal checking account.
- Sept. 3, 2017: Sara Biden wrote a $40,000 check to Joe Biden for a “loan repayment.”
While Sara and James Biden claim that the $40,000 was a loan repayment, it still raises questions about Joe Biden benefiting from his family’s financial activities, especially when it involves money from China. Chairman Comer emphasized that without his family leveraging his name and his son’s questionable actions, James wouldn’t have had the funds to write the $40,000 check to Joe.
Comer further stated, “We know that the sitting President of the United States knew about, participated in, and benefited from his family’s shady China dealings. The White House and their Corporate Media allies’ efforts to excuse and cover up this blatant corruption is appalling to the American people. House Republicans will continue to unearth the facts and provide the accountability the American people deserve.”
Evita Duffy-Alfonso is a staff writer to The Federalist and the co-founder of the Chicago Thinker. She loves the Midwest, lumberjack sports, writing, and her family. Follow her on Twitter at @evitaduffy_1 or contact her at [email protected].
What were the reasons behind the multiple transfers of large sums of money between Hudson West III, Owasco, P.C., and Hunter Biden?
Wasco, P.C. also received $2.5 million from Hudson West III.
These transactions raised numerous red flags for the bank investigator. The movement of large sums of money between entities without clear justification or proper documentation raised suspicions of money laundering. The connections between Chinese entities and Hunter Biden, as well as the subsequent transfers to James Biden and Sara Biden, suggested possible attempts to influence American politicians through illicit financial means. The bank investigator’s concerns are significant, especially in light of the ongoing debate surrounding foreign influence in US politics. Money laundering and illicit financial transactions pose a threat to the integrity of the American financial system and can undermine trust in government officials. The need for further investigation and transparency in these matters is crucial to ensure the accountability of all parties involved. It remains to be seen how this revelation will impact the ongoing discussions about potential foreign interference in US politics. The Oversight Committee has called for a comprehensive investigation into these transactions. The findings of such an investigation could have far-reaching implications and may lead to further scrutiny of financial activities involving foreign entities and politicians’ associations. The public’s trust in government and financial institutions depends on the transparency and integrity displayed in how money is moved and transactions are conducted. Addressing and exposing any potential money laundering schemes is paramount to maintaining trust and ensuring the fairness of our democratic system. As the investigation progresses, it is crucial for authorities to remain unbiased and thorough in their examination of the evidence. The truth must prevail, and any individuals found guilty of engaging in illegal financial activities should be held fully accountable, regardless of their political affiliations. Only through a commitment to justice and transparency can we preserve the integrity of our financial systems and democratic institutions.
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