Tuesday, December 5, 2023

Bank Watchdog Warned Hunter Biden Got China Cash for ‘no services rendered’: 2018 Email ; Bank Investigator Flagged 'unusual' and 'erratic' Activity in Hunter Biden's Financial Transactions from China that Republicans Say Funded the $40,000 'loan repayment' Check to Joe

Bank watchdog warned Hunter Biden got China cash for ‘no services rendered’: 2018 email:
A bank money laundering expert raised internal alarms in 2018 about first son Hunter Biden receiving millions of dollars from a Chinese government-linked business without “any services rendered,” an email released Wednesday by House Republicans shows.
The document was drafted by a Bank Secrecy Act manager who expressed concern about the transfer of more than $5 million by a Chinese company in 2017 within days of Hunter threatening his father’s wrath — with the expert noting that the funds were described without evidence as a “loan.”
“Since the Initial funding of $5,000,000,00 from Northern International Capital Holdings (HK) Limited on 08/08/17 as a business loan, it was noted that there was no loan agreement document submitted,” wrote the bank official, whose name and employer were redacted in the House Oversight Committee release.
“The funds in the account have primarily funded 16 wires [to a Hunter Biden-owned law firm]. These payments were Indicated as management fees and reimbursements,” the email author continued in the June 26, 2018, message.
“We find it unusual that approximately 58% of the funds were transferred to the law firm in a few months and the frequency of payments appear erratic,” the bank expert wrote.
“It was also previously indicated that [initial funds recipient] HUDSON WEST III LLC does not currently have any investment projects at this time, which raises further concerns as millions in fees are being pald but does not appear to have any services rendered by Owasco PC.”
The email adds that Hunter Biden’s ex-wife, Kathleen Buhle, had alleged “concerns about his extravagant spending on his own interests (drugs, strip clubs, prostitutes, etc.)” and that “recent negative news indicate China targeting children of politicians and purchase of political influence through ‘sweetheart deals’.”
The anti-money laundering expert noted that Hunter Biden was part of an earlier Chinese venture — namely, co-founding BHR Partners in 2013 within two weeks of Hunter joining his father on a trip to Beijing, where Joe Biden met with the firm’s incoming CEO Jonathan Li. The first son held a 10% stake in the company through at least part of 2021. --->READ MORE HERE
Bank investigator flagged 'unusual' and 'erratic' activity in Hunter Biden's financial transactions from China that Republicans say funded the $40,000 'loan repayment' check to Joe:
Republicans pushing for Joe Biden's impeachment publicized an email from a bank investigator who was alarmed by 'unusual' and 'erratic' activity in Hunter Biden's financial transactions with a Chinese company.
The money from the flagged transactions then trickled down to Joe Biden in the form of a $40,000 'loan repayment' check from James and Sara Biden in 2017, say Republicans.
According to bank records obtained by Republicans, a money trail started with a $5 million payment from Chinese oil giant CEFC, a Hunter venture, through several Biden-connected entities and resulted in the $40,000 deposit into Joe's account.
The Bank Secrecy Act manager wrote in a bombshell June 2018 email released Wednesday that Hunter's financial transactions sparked concern over their 'unusual' nature.
Specifically, the money transferred from the CEFC payment into Hunter's entities Hudson West and Owasco did not appear to have 'any services rendered' and serves 'no current business purpose,' the email continues.
In addition, the investigator raised the issue of China's targeting of 'children of politicians' where they 'purchase' political influence through 'sweetheart deals.'
Based on those concerns, the bank investigator ultimately recommended requiring a 're-evaluation' of the bank's relationship with 'high risk' client Hunter.
Chairman James Comer told DailyMail.com in a statement that 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.'
'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,' continued Comer.
He slammed the White House for attempting to 'coverup' what he called 'blatant corruption.'
Comer's Oversight Committee is spearheading the probe into the Biden family's 'influence peddling' operation as part of the larger impeachment inquiry into the president. They say that Joe Biden has been at the center of an extremely lucrative 'extortion scheme' between members of his family and foreign actors - including China. --->READ MORE HERE
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