Bank Investigator Flagged Biden Payment From China

[Anthony Quintano from Westminster, United States, CC BY 2.0, via Wikimedia Commons]

An investigator focused on preventing money laundering flagged a money transfer from China that ultimately ended up in Joe Biden’s pockets. The transaction and the warnings from bankers has received the attention of James Comer, the chairman of the House Oversight Committee who has been looking into claims that the Biden Family has been receiving millions of dollars from foreign agents. 

During the summer of 2022, emails from Hunter Biden’s abandoned laptop revealed that his associates referred to the president as “The Big Guy.”

In a bombshell investigation, The New York Times reported that “James Gilliar, a former British special forces officer with ties to UK intelligence services, discussed The Post’s exclusive report with an unnamed person on Oct. 14, 2020, according to the message provided by a whistleblower to GOP congressional investigators probing the laptop.

Gilliar had referenced the ‘big guy‘ as he acted as the driving force behind Hunter and his uncle Jim Biden’s planned multimillion-dollar deal with Chinese energy conglomerate CEFC.

In an email to Hunter, Jim and other partners on May 13, 2017, Gilliar outlined an equity breakdown in which 10% of the lucrative CEFC joint venture would be held by Hunter ‘for the big guy.’” 

 Now some believe to have uncovered how “The Big Guy” got paid by China. 

The National Review explains how the scheme appeared to work. Biden received a $40,000 personal check from an account shared by his brother, James Biden, and sister-in-law, Sara Biden, in September 2017 — money that was marked as a “loan repayment.” The alleged repayment was sent after funds were filtered from Northern International Capital, a Chinese company affiliated with the Chinese energy firm CEFC, through several accounts related to Hunter Biden and eventually down to the personal account shared by James and Sara Biden.

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Northern International Capital sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong on August 8.

On the same day, Hudson West III then sent $400,000 to Owasco, P.C., an entity owned and controlled by Hunter Biden. Six days later, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by James and Sara Biden. Sara Biden withdrew $50,000 in cash from Lion Hall Group on August 28 and then deposited the funds into her and her husband’s personal checking account later that day. 

On September 3, 2017, Sara Biden wrote a check to Joe Biden for $40,000.

On Wednesday, the Oversight Committee released an email from a manager responsible for enforcing the Bank Secrecy Act, who expressed concerns that the payments made by a client did not seem to be in exchange for any actual services. Additionally, the email mentioned that the Chinese government was attempting to target the children of politicians. As a potential solution, the manager recommended that the bank reconsider its relationship with this particular client.

“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 writes in the email examined by Fox News. 

A “PEP designation” is short for a “Politically Exposed Person.”

“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 concerned email continues.

“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 explained. “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.”

“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 investigator wrote.

The investigator noted that China had been targeting the children of American politicians and noted that Hunter’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.”

Earlier in the week, reports revealed that the president’s son may soon find himself facing the Oversight Committee in person. 

The Washington Post wrote that “Abbe Lowell, a lawyer representing Hunter Biden, disclosed the offer in a letter in response to a subpoena this month that is seeking a deposition, which would take place behind closed doors. It is a striking escalation in the battle between the president’s son and congressional Republicans, who have focused on his past business dealings and have launched impeachment hearings aimed at President Biden.

Lowell’s three-page letter cited past comments from Rep. James Comer (R-Ky.), the chairman of the committee, that essentially dared Hunter Biden to come and testify in public.

‘Mr. Chairman, we take you up on your offer,’ Lowell wrote, in a copy of the letter reviewed by The Washington Post. ‘Accordingly, our client will get right to it by agreeing to answer any pertinent and relevant question you or your colleagues might have, but — rather than subscribing to your cloaked, one-sided process — he will appear at a public Oversight and Accountability Committee hearing.’”

No date has been scheduled for his testimony. 

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