Biden Crime Family is Exposed for $5 Million Loan From Chinese Business

A money laundering investigator for a bank expressed serious misgivings concerning a $5 million loan in 2017 that the Biden family received from a branch of a Chinese energy company. They flagged the transaction as “high risk” and potentially connected to efforts by the Communist Party of China to gain influence through Hunter Biden, per a revelatory memo published by congressional investigators on November 27, 2023.
The unnamed investigator specifically expressed concerns that the loan had no paperwork, that a Biden family company sent a large amount of the money to a law firm connected to Hunter Biden and that the recipient firm inside the Biden family apparently did not have any investments who needed a loan, which the memo released by House Oversight Committee Chairman James Comer noted.
On November 27, Comer also noted that the $5 million web of transactions resulted in a $40,000 check deposited in Joe Biden’s account.
Per the memo, the bank investigator identified Hunter Biden as a Politically Exposed Person (PEP). This term is largely used in the financial industry for money laundering reviews that designate a person who is either “entrusted with a prominent public function” or a family member of who someone who fulfills such a role, per The Federal Financial Institutions Examination Council.
“We have been monitoring the subject customer due to the PEP designation and observations on the account activity as well as recent negative news indicate this entity to be high risk,” the money laundering investigator wrote to bank officials as he tracked the money from Northern International Capitol Holdings (HK) Limited, a company connected to China CEFC Energy, via the Biden family’s Hudson West III firm and to Hunter Biden’s Owasco PC law firm.
“These payments were indicated as management fees and reimbursements. 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 investigator’s memo called attention. “It was also previously indicated Hudson West III LLC does not currently have any investment projects at this time, which raises further concerns as millions in fees are being paid but does not appear to have any services rendered by Owasco PC.”
On top of that, the memo highlighted that the deployment of the $5 million loan from China has “no loan agreement document submitted” and that there were public news reports of Hunter Biden being mired in financial difficulties.
“There has been negative news regarding the beneficial owner of Owasco PC, Robert Hunter Biden (son of former U.S. Vice President-Joe Biden) regarding allegations by his ex-wife that there were financial concerns about his extravagant spending on his own Interests (drugs, strip clubs, prostitutes, etc,) which may put his family ln a deep financial hole,” the examiner highlighted.
“More recent negative news indicate China targeting children of politicians and purchase of political influence through ‘sweetheart deaIs,'” the examiner continued.
The Biden family is as corrupt as they come. They have clearly profited from the pro-globalization policies the DC establishment has pursued in the last four decades. Transnational elites, which includes the Bidens, have profited handsomely, while countless Middle Americans have been left to economically rot.
Republicans must use the prudential power of the state to ensure that the Bidens are brought to justice for their corrupt business dealings.
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