WASHINGTON — House Oversight and Accountability Committee Chairman James Comer (R-Kent.) today released an email from a bank money laundering investigator who raised serious concerns about the 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 same concerns we had publicly expressed about the Biden family business: ‘payments appear irregular,’ ‘no service is not returned”, “no case pending”. and “China is targeting children of politicians and buying political influence through “sweet deals.” These were the words of a bank investigator who was just doing his job. The bank’s investigator was so concerned about Hunter Biden’s financial dealings with the Chinese company that he wanted to reevaluate the bank’s relationship with the client. » said President Comer.
“Even worse, we know that the sitting president of the United States knew about, participated in, and benefited from his family’s questionable dealings with China. Joe Biden showed up at his son’s CEFC meetings and benefited from money wired from China. The efforts of the White House and their corporate media allies to excuse and cover up this blatant corruption are appalling to the American people. House Republicans will continue to uncover the facts and provide the accountability the American people deserve. » continued President Comer.
An email obtained through Chairman Comer’s subpoena reveals the bank’s investigator’s concerns about the initial $5 million in funding from Northern International Capital Holdings, a CEFC-affiliated entity linked to the Chinese government, and subsequent improper payments to Hudson West III, Hunter Biden’s joint venture with a Chinese national, and Owasco, PC, an entity owned by Hunter Biden. The bank investigator pointed out that at the time, Hudson West III had no investment plans, but money was being paid to Owasco, PC, without any services being provided. The bank’s investigator also noted China’s tendency to target the children of politicians in order to gain political influence through “sweetheart deals.”
President Comer recently revealed how Joe Biden received $40,000 in laundered money from the account of his brother, James Biden, and 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 in funding from Northern International Capital Holdings. On August 8, 2017, Northern International Capital sent $5 million to Hudson West III. The 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 his sister-in-law Sara Biden. On August 28, 2017, Sara Biden withdrew $50,000 in cash from the Lion Hall Group, then deposited the money into her and James Biden’s personal checking accounts on the same day. On September 3, 2017, Sara Biden presented a $40,000 check to Joe Biden for “loan repayment.”
Read the bank’s email here.