Bank Detective Flagged Biden Transfer of $40K
In a recent development, House Oversight Committee Chair James Comer (R-KY) released an email raising serious concerns about a financial transaction involving former Vice President Joe Biden.
This email, uncovered by a bank investigator, highlighted a $40,000 payment to Biden, potentially linked to Chinese funds.
On Wednesday, Comer disclosed an email obtained by Breitbart News. This communication, from a bank investigator, flagged a $40,000 check made out to Joe Biden, expressing concerns about its Chinese funding origins.
Scrutinizing the Money Trail
The investigation began with a subpoena that led Comer to this crucial piece of evidence. The email detailed a complex series of transactions involving Hunter Biden, Joe Biden's son, and various entities with ties to China.
The series of transactions started on July 30, 2017. An IRS whistleblower alleged that Hunter Biden used his father's influence to press a Chinese businessman named Zhao for a $10 million payment.
Subsequently, on Aug. 8, 2017, accounts linked to Hunter Biden received $5 million from Zhao. This money was transferred from a Chinese company, Northern International Capital, to Hudson West III, a joint venture involving Hunter Biden and CEFC associate Gongwen Dong.
The Flow of Funds Raises Questions
On the same day, Aug. 8, 2017, Hudson West III sent $400,000 to Hunter Biden's company, Owasco P.C. This transaction was one of several that drew the investigator's attention.
Further complicating the financial web, on Aug. 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group. This company is owned by Joe Biden’s brother, James Biden, and his wife, Sara Biden.
The investigator noted that despite the significant sums of money moving through these accounts, Hudson West III didn't seem to have any active investment projects. Instead, the firm was making payments to Owasco without any apparent service exchange.
Concerns Over Political Influence
Adding to the investigator's concerns was the pattern of transactions leading to Joe Biden. On Aug. 28, 2017, Sara Biden withdrew $50,000 in cash from Lion Hall Group, later depositing it into a joint account with James.
Then, on Sept. 3, 2017, Sara Biden wrote a $40,000 check to Joe Biden. This was described as a “loan repayment,” but the investigator questioned its legitimacy given the preceding transactions.
The investigator's analysis suggested a pattern of “erratic” transactions with “no current business purpose,” indicative of China's strategy to gain influence through politicians' family members.
Comer's Perspective on the Matter
According to Comer, the bank investigator's observations were alarming. The transactions appeared to lack a clear business rationale, raising suspicions about their true nature.
Comer emphasized the seriousness of the issue, pointing out the potential implications for U.S. politics and the integrity of its leaders.
Those are the words of a bank investigator who was just doing his job. 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.
This statement by Comer underlines the gravity of the situation, as the investigator's findings suggest the potential misuse of political influence for personal gain.
Implications for Political Integrity
The revelation of these transactions comes amid growing scrutiny of the Biden family's financial dealings. It raises questions about the extent to which foreign entities might seek to influence American politics through financial means.
The details of the transactions paint a picture of a complex network of funds moving through various entities, ostensibly without clear business purposes.
These revelations are likely to fuel further investigations and discussions about the integrity of U.S. political figures and their susceptibility to foreign influence.
Conclusion: A Closer Look at Political Finance
The case underscores the need for greater transparency and oversight in political financing, particularly concerning foreign funds. The intricate web of transactions involving the Bidens and Chinese entities poses significant concerns about the potential for undue influence in American politics.
- House Oversight Committee Chair James Comer released an email from a bank investigator about a suspicious $40,000 check to Joe Biden.
- The email traces a series of transactions from Chinese sources through Hunter Biden's accounts to Joe Biden.
- Investigators express concerns over the lack of apparent business purpose for these transactions, suggesting potential political influence by China.