China Money President Biden Received Linked To Money Laundering Investigation

Daily Report November 30,2023

Bank investigators reportedly raised money laundering concerns over the $40,000 President Joe Biden received from James and Sarah Biden, according to an email released by House Oversight Committee Chairman Rep. James Comer ( R-KY).

Comer on Wednesday released a  June 2018 email sent by a bank’s money laundering investigator to his colleagues. The expert raised concerns about a  $5 million payment sent from China to Hudson West III, Hunter Biden’s business entity, on Aug. 8, 2017.

“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,” the email revealed by Comer reads.  “The funds in the account have primarily funded 16 wires ranging from $157,494.19 to $400,000.00 totaling $2,915,375.25 to [redacted] CLEARING SERVICES LLC (Further Credit Owasco PC — Law Firm in D.C). 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 the payments appear erratic. It was also previously indicated that 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 P.C.”

The investigator noted how China was targeting the children of politicians and buying up political influence with “sweetheart deals.” The investigator specifically mentioned Hunter Biden’s $1.5 billion deal with China to establish a private equity firm, adding that the sole purpose of the deal is to invest in companies that benefit the Chinese government. The investigator urged the bank to reevaluate its relationship with Hunter.

“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,” Comer said in a statement. “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. Joe Biden showed up to his son’s CEFC meetings and benefited from the money wired from China. The White House and their Corporate Media allies’ efforts to excuse and coverup this blatant corruption is appalling to the American people. House Republicans will continue to unearth the facts and provide the accountability the American people deserve,”

Upon receiving the $5 million, $400,000 was wired to Hunter Biden’s Owasco P.C. bank account. Hunter then wired $150, 000 to James and Sarah Biden’s Lion Hall Group business account. The couple deposited $50,000 dollars of that money into their personal account. Sarah Biden cut a $40,000 check to Joe Biden in September 2017.

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