In a recent development, a bank investigator responsible for detecting and combating money laundering has raised concerns about “unusual” and “erratic” activity related to wire transfers of large sums of money to accounts belonging to Hunter Biden, son of President Joe Biden. The email, released by the House Oversight Committee, reveals that the investigator questioned the legitimacy of the payments, as they did not appear to correspond to any services rendered. Moreover, the investigator highlighted Chinese efforts to target the children of politicians.
The email, dated June 26, 2018, was sent from a Bank Secrecy Act manager to an assistant vice president and branch manager of a financial institution. The investigator expressed concerns about the high risk associated with the individual due to their “Politically Exposed Person” (PEP) designation. The investigator also noted that the funds in the account primarily funded wire transfers ranging from $157,393.19 to $400,000.00, totaling more than $2.9 million to a redacted name and to “Owasco PC—Law Firm in D.C.,” which was controlled by Hunter Biden.
The investigator found it unusual that approximately 58% of the funds were transferred to the law firm within a few months and expressed concerns about the frequency of payments appearing erratic. Additionally, negative news surrounding Hunter Biden’s financial concerns, extravagant spending, and alleged connections to drugs, strip clubs, and prostitutes raised further doubts about the legitimacy of the transactions.
The email also highlighted recent negative news indicating China’s targeting of children of politicians and its purchase of political influence through “sweetheart deals.” Specifically, the investigator pointed to Hunter Biden’s $1.5 billion deal with a Chinese state-owned firm to establish a private-equity firm that would benefit the Chinese government.
The bank investigator concluded by recommending a re-evaluation of the bank’s relationship with the customer due to the unusual account activity and negative news surrounding the beneficiary of the funds. These concerns were raised long before the House Oversight Committee’s investigation into President Biden’s alleged corruption.
House Oversight Committee Chairman James Comer, a Republican, has been leading the impeachment inquiry against President Biden and investigating the Biden family’s business dealings for several months. Comer emphasized that the bank investigator’s concerns align with the committee’s findings, suggesting that President Biden knew about, participated in, and benefited from his family’s questionable financial transactions with China.
Comer criticized the White House and their corporate media allies for attempting to excuse and cover up this alleged corruption, labeling their denials as “appalling to the American people.”
This latest revelation adds to the ongoing scrutiny surrounding Hunter Biden’s financial activities and raises further questions about potential influence and conflicts of interest. As investigations continue, it remains to be seen how this will impact the Biden administration and its efforts to address concerns regarding ethics and transparency.
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