WASHINGTON—An email from a bank money laundering investigator obtained by House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) reveals that Joe Biden’s son Hunter Biden , received funds from China that the bank’s investigator said were unrelated to the actual business, Kimberly Strassel of The Wall Street Journal The editorial board writes in a new column. The bank’s investigator raised serious concerns about the money from China that ultimately financed the operation. $40,000 check to Joe Biden.
Key extracts:
“A warning document released this week by Oversight Chairman James Comer provides more evidence on the point of cashing out – and it comes from an unbiased source.
“The document is a June 2018 email from an internal bank investigator – someone trained to look for money laundering – who reported suspicious activity on a Hunter Biden joint venture account. In his email to a bank executive, the investigator says he was monitoring Hunter given his designation as a PEP – an acronym for “politically exposed person,” a category of clients that poses a risk of bribery. -wine or corruption. The investigator then explains that the “account activity” and “negative news” indicate Hunter is “high risk.”
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“The investigator asked why someone was receiving “millions in fees” when “it doesn’t appear” there were any “services rendered.”
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“A federal investigation and whistleblowers from the Internal Revenue Service forced some media coverage into whether Hunter had paid proper taxes on his overseas earnings. Still, Oversight Committee investigators are looking into the actual transactions, questioning what exactly Hunter did to earn the payments. The bank’s investigator was concerned that the Chinese money flowing into Hunter’s account was unrelated to the actual business and suggested the bank reevaluate its “relationship with the customer.”
“The email cites media reporting that Hunter’s “extravagant spending” could have “put his family in a deep financial hole,” and that reports of “China targeting the children of politicians and buying money” political influence through “love agreements”. This email was written years before Hunter’s laptop was made public and he became the target of a Congressional investigation.
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“Meanwhile, bank records obtained by the House Oversight Committee show that at least 40,000 of that $5 million quickly found its way into a Joe Biden bank account, through his brother James, who ‘recorded as loan repayment.
“Democrats and their media allies insist this was a loan, obscuring the whole picture, which is damning. THE evidence Everything indicates that Joe is well aware of Hunter’s business forays– telephoning Hunter during his son’s business meetings, entertaining Hunter’s potential business clients, allowing his son to follow Air Force Two to business meetings. Hunter and James had also done business together.
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“He might not have been able to stop his son or brother from profiting from the family name, and he might never have taken an ‘official act’ in Hunter’s name. But he helped Hunter sell his brand, and the money from that sale ended up in his account.
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