Bank Investigator Blew Whistle on Chinese Payment to Hunter Biden Which Eventually Turned Into $40,000 Check for Joe Biden, Citing It As "Unusual" and a Possible Case of Influence Peddling

10% for the Big Guy, aka A Father's Vig.

Bank Investigator Flagged 'Unusual' Chinese Payments behind $40k Check to Biden, Raised Possibility of Influence Peddling

By Brittany Bernstein

A bank money-laundering investigator expressed serious concerns about a transfer of funds from China that ultimately trickled down to President Biden in the form of a $40,000 check from his brother, James Biden, according to an email obtained by the House Oversight Committee.

Biden received a $40,000 personal check from an account shared by his brother, James Biden, and sister-in-law, Sara Biden, in September 2017 -- money that was marked as a "loan repayment." The alleged repayment was sent after funds were filtered from Northern International Capital, a Chinese company affiliated with the Chinese energy firm CEFC, through several accounts related to Hunter Biden and eventually down to the personal account shared by James and Sara Biden.

Northern International Capital sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong on August 8.

On the same day, Hudson West III then sent $400,000 to Owasco, P.C., an entity owned and controlled by Hunter Biden. Six days later, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by James and Sara Biden. Sara Biden withdrew $50,000 in cash from Lion Hall Group on August 28 and then deposited the funds into her and her husband's personal checking account later that day.

On September 3, 2017, Sara Biden wrote a check to Joe Biden for $40,000.

An unidentified bank investigator sent an email on June 26, 2018 to colleagues raising concerns about money sent from Hudson West III to Owasco P.C. The email said the $5 million in funds sent from Northern International Capital to Hudson West III were primarily used to fund 16 wire transfers totaling more than $2.9 million to Owasco PC. The wires were labeled as management fees and reimbursements.

Oh look, more payoffs labeled vaguely as "reimbursements." Because, remember, if you want to hide the fact that you're taking payoffs and also avoid paying federal taxes on income, you can always pretend the money is a just a "loan repayment." It's not income at all! Just a "repayment" of a loan you made earlier!

"We find it unusual that approximately 58 percent of the funds were transferred to the law firm in a few months and the frequency of payments appear erratic," the investigator wrote in the email, which the committee shared with National Review.

The investigator said Hudson West III "does not currently have any investment projects at this time, which raises further concerns as millions in fees are being paid but does not appear to have any services rendered by Owasco PC."

So money is flowing in that cannot be matched to any actual value being provided in exchange for that money.

Which is Hunter Biden's entire "career."

The email also points to news at the time that indicated China had been targeting children of politicians and purchasing political influence through "sweetheart deals."

"Specifically, Hunter Biden's $1.5 billion dollar deal with the Chinese-State to establish a private-equity firm in which they manage the funds over time and make huge fees," the email said.

"The management company's purpose is to invest in companies that benefit Chinese government," it adds. "Thus, the activity on the account appears unusual with no current business purpose and along with the recent negative news ... may require re-evaluation of [redacted] relationship with the customer."

The media continues embargoing this story because they're engaged in a criminal conspiracy with the Biden regime.

posted by Disinformation Expert Ace at 12:13 PM

| Access Comments