Democrats can huff and puff all they want about the Bidens’ rather obvious money laundering enterprise, but they can’t rewrite history.
Not yet, anyway, though “Big Brother” certainly specialized in revisionist history in George Orwell’s 1984.
In a revealing media report, first unveiled on Fox News, records of a Bank Secrecy Act manager’s 2018 investigation into the Bidens’ “business dealings” revealed strong suspicions of potential money laundering.
“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 investigator noted.
A “PEP” is a politically exposed person, which means that they are more likely than the average person to be targeted for bribery than average.
In the case of the Bidens, much more likely.
Indeed, the investigator found that Hunter Biden’s account received several millions, allegedly for providing services.
Alas, the investigator found that every single payment Biden received was not at all related to “any services rendered.”
“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 investigator observed.
Rather strange, isn’t it. Especially for an account with “initial” funding of $5M!
Wonder where in the world those millions came from … courtesy of Hunter’s father’s alleged servitude under Obama.
After the “initial” funding of $5M, the account also experienced a number of highly irregular, and highly lucrative transactions.
Indeed, the funds in the account were “primarily funded” from a total of sixteen wires “ranging from $157,393.19 to $400,000.00.”
The enormous, six-figure sums were described as “management fees and reimbursements,” without giving any insight into the nature of such “reimbursements.”
And, most hilariously of all, the recipient of those funds was the strangely named “Owasco PC – Law Firm in D.C.”
The supposed law firm is an entity controlled by – you guessed it – Hunter Biden.
Little wonder that the investigator noted a host of unusual activity as a result.
“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 … 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 PC,” the investigator continued.
Well, blatant bribery probably is erratic by nature.
And, unlike Senator Menendez, who was happy to take half a million in cash from Egyptians in a less traceable deal, Hunter is apparently so out of it that he had the Chinese directly wire him millions … transfers that were immediately identified in the investigation.
Most insanely of all, Hunter appears to have sold out national security in favor of his own personal predilections.
“Furthermore, 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 in a deep financial hole,” the report noted.
Well, that’s nice. Hunter gets his desires satisfied while national security is fried.
On top of that, Hunter also ensured that “China First” companies received top billing in his alleged “investments.”
“Specifically, Hunter Biden’s $1.5 billion dollar deal with the Chinese-State to establish a private-equity firm in which they manage the funds over time and make huge fees … The management company’s purpose is to invest in companies that benefit Chinese government,” the investigation continued.
So, in other words, another money laundering boondoggle with a bunch of Chinese firms that eschew standard GAAP accounting practices.
What could possibly go wrong?
Plenty, per House Oversight Committee Chairman James Comer.
“Long before our investigation into President Biden’s corruption, a bank money laundering investigator raised the exact concerns that we raised publicly about the Biden family business: ‘payments appear erratic,’ ‘does not appear to have any services rendered,’ ‘no current business purpose,’ and ‘China target[s] children of politicians and purchase of political influence through ‘sweetheart deals.’ Those are the words of a bank investigator who was just doing his job,” Comer remarked dryly.
One can only hope that investigator surfaces during the eventual impeachment against Biden.
Author: Ofelia Thornton