Bank Investigator Flagged Biden Accounts as Money Laundering in 2018 

simon jhuan /
simon jhuan /

As further proof that the Biden family has enjoyed payouts from foreign entities, a newly released email from a bank official expressed his worries about wire transfers exceeding $2.9 million from a Chinese firm to Biden’s law firm, Owasco PC.  

In 2018, a bank investigator tasked with identifying and preventing money laundering raised red flags about “unusual” and “erratic” activity linked to over a dozen wire transfers of substantial amounts of money to accounts associated with Hunter Biden. 

The investigator noted, “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 appears erratic.” The communication further observes that HUDSON WEST III LLC did not have any investment projects during the transfers, raising concerns over the millions of dollars in fees paid to Owasco without any services rendered.  

In addition, the bank official referred to “negative news” surrounding the owner of Owasco PC, Robert Hunter Biden. Of specific concern, the investigator observed. were “allegations by his ex-wife that there were financial concerns about his extravagant spending.” The official also highlighted news regarding China’s “targeting children of politicians and purchase of political influence through ‘sweetheart deals,'” explicitly citing Hunter Biden’s “1.5 billion dollar deal with the Chinese-State.” 

The unnamed bank official, whose information has been redacted to ensure privacy, notes his concerns about Hunter Biden’s $1.5 billion deal with the Chinese State, establishing a private equity firm. The firm manages the funds over time and earns substantial fees in this arrangement. The investigator observes that the management company aims to invest in companies that benefit the Chinese government. 

The investigator expressed even more misgivings in the email, citing that Hunter had a “PEP designation” (Politically Exposed Person), implying a higher risk due to their prominent position or relationships. 

Last month, the Oversight Committee acquired bank records disclosing that on August 8, 2017, $5 million was transferred to Hudson West III, a joint venture involving Hunter Biden and an associate linked to the Chinese Communist Party, Gongwen Dong. On the same day, Hudson West III forwarded $400,000 to Owasco.  

In his email, the investigator noted that following the $5 million loan from Northern International Capital Holdings (HK) Limited on that date, there was no submission of a loan agreement document, raising additional questions. 

The email concluded with the official’s opinion that Hunter’s accounts were filled with unusual activity that seemed to have “no business purpose.” It recommended that the bank “re-evaluate” its position with Hunter. 

According to House Oversight Committee Chairman James Comer (R-KY), the funds from China eventually contributed to a $40,000 check to President Joe Biden, identified as a loan repayment from Biden’s brother James in 2017. Comer asserted that the recently disclosed email proves that a money-laundering expert within the bank had concerns about Hunter Biden years before the committee’s investigation. 

Following the $5 million “loan,” Hunter Biden transferred $150,000 to Lion Hall Group, a company owned by James Biden and his wife, Sara Biden. By August 28, 2017, Sara Biden allegedly withdrew $50,000 in cash from Lion Hall Group, depositing it into her and James Biden’s personal checking account. 

In the following days, Sara Biden wrote a $40,000 check to Joe Biden, with the memo line indicating “loan repayment.” The White House, upon learning of the check, stated that the committee found, as a private citizen, the president had loaned his brother James his own money when needed and only discovered a record indicating repayment. 

In response, Comer strongly criticized both the White House and the liberal media for their efforts to “excuse and cover up this blatant corruption,” describing their denials as appalling. “Even worse,” Comer said, “we know that the sitting President of the United States knew about, participated in, and benefited from his family’s shady China dealings.” 

As the evidence continues to unfold, the White House and the liberal media have dug into the argument that the investigations are “unfounded” and politically motivated. But the argument falls flat when a money-laundering expert voices concern over unusual activity in the Biden bank accounts years before the impeachment inquiries and Hunter Biden investigations. 

With the walls closing in around Biden, it’s almost time for a new Trump indictment or, failing that, a new pandemic. Smoke and mirrors have worked for the Biden administration so far; it’s time to thumb through the playbook and see what’s next.