Bank Investigator Raised Concerns About Money from China that Ultimately Funded $40,000 Payment to Joe Biden
WASHINGTON—House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) today released an email from a bank money laundering investigator who flagged serious concerns about money from China that ultimately funded the $40,000 check to Joe Biden.
“Long before our investigation into President Biden’s corruption, a bank money laundering investigator raised the exact concerns that we raised publicly about the Biden family business: ‘payments appear erratic,’ ‘does not appear to have any services rendered,’ ‘no current business purpose,’ and ‘China target[s] children of politicians and purchase of political influence through ‘sweetheart deals.’ Those are the words of a bank investigator who was just doing his job. The bank investigator was so concerned about Hunter Biden’s financial transactions with the Chinese company, he wanted to re-evaluate the bank’s relationship with the customer,” said Chairman Comer.
“Even worse, we know that the sitting President of the United States knew about, participated in, and benefited from his family’s shady China dealings. Joe Biden showed up to his son’s CEFC meetings and benefited from the money wired from China. The White House and their Corporate Media allies’ efforts to excuse and coverup 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,” continued Chairman Comer.
An email obtained by Chairman Comer’s subpoena reveals the bank investigator’s concerns about the initial $5 million funding from Northern International Capital Holdings, a CEFC affiliated entity linked to the Chinese government, and the subsequent erratic payments to Hudson West III, Hunter Biden’s joint venture with a Chinese national, and Owasco, P.C, an entity owned by Hunter Biden. The bank investigator emphasized how Hudson West III did not have any investment projects at the time, yet money was being paid to Owasco, P.C. without any services provided. The bank investigator also noted China’s pattern of targeting children of politicians to purchase political influence through “sweetheart deals.”
Chairman Comer recently revealed how Joe Biden received $40,000 in laundered money from the account of his brother, James Biden, and his sister-in-law, Sara Biden, in the form of a personal check. The money that landed in Joe Biden’s bank account was funded by a complex web of financial transactions that began with the initial $5 million funding from Northern International Capital Holdings. On August 8, 2017, Northern International Capital sent $5 million to Hudson West III. That same day, Hudson West III sent $400,000 to Owasco, P.C. On August 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. On August 28, 2017, Sara Biden withdrew $50,000 in cash from Lion Hall Group and then deposited the money into her and James Biden’s personal checking account on the same day. On September 3, 2017, Sara Biden cut a check to Joe Biden for $40,000 for a “loan repayment.”
Read the bank email here.
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