Republicans pushing for Joe Biden’s impeachment publicized an email from a bank investigator who was alarmed by ‘unusual’ and ‘erratic’ activity in Hunter Biden’s financial transactions with a Chinese company.
The money from the flagged transactions then trickled down to Joe Biden in the form of a $40,000 ‘loan repayment’ check from James and Sara Biden in 2017, say Republicans.
According to bank records obtained by Republicans, a money trail started with a $5 million payment from Chinese oil giant CEFC, a Hunter venture, through several Biden-connected entities and resulted in the $40,000 deposit into Joe’s account.
The bank money laundering investigator wrote in a June 2018 email released Wednesday that Hunter’s financial transactions sparked concern over their ‘unusual’ nature.
Specifically, the money transferred from the CEFC payment into Hunter’s entities Hudson West and Owasco did not appear to have ‘any services rendered’ and serves ‘no current business purpose,’ the email continues.
In addition, the investigator raised the issue of China’s targeting of ‘children of politicians’ where they ‘purchase’ political influence through ‘sweetheart deals.’
Based on those concerns, the bank investigator ultimately recommended requiring a ‘re-evaluation’ of the bank’s relationship with ‘high risk’ client Hunter.
A money trail beginning in July 2017 snaked from Chinese oil giant CEFC – one of Hunter Biden’s joint ventures – into Joe’s account in the form of a $40K check, say Republicans
Chairman James Comer told DailyMail.com in a statement that 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.’
‘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,’ continued Comer.
He slammed the White House for attempting to ‘coverup’ what he called ‘blatant corruption.’
Comer’s Oversight Committee is spearheading the probe into the Biden family’s ‘influence peddling’ operation as part of the larger impeachment inquiry into the president. They say that Joe Biden has been at the center of an extremely lucrative ‘extortion scheme’ between members of his family and foreign actors – including China.
The $40,000 check is at the center of their allegations.
WhatsApp messages from August 2017 previously published by DailyMail.com, Hunter demanded $10 million from CEFC, and claimed his father was ‘sitting here’ next to him during the exchange.
After an initial $5 million from CEFC was put in the joint venture on August 8, 2017, and a transfer of $400,000 was placed into Hunter Biden entity Owasco, P.C. on the same day. Then, $150,000 was transferred directly from Owasco into the bank account of James and Sara Biden – Joe’s sister-in-law – on August 14, 2017.
Then on September 3, 2017, Sara wrote a $40,000 check direct to Joe – just six days after she took out $50,000 in cash, according to the obtained documents.
Joe Biden has previously stated that Hunter never made money from China, and the White House has maintained that the president never benefitted from his family’s business ventures.
White House spokesperson Ian Sams have batted away Comer’s claims of money laundering by the Biden family, saying the Republican chairman’s ‘lies and conspiracy theories are getting more desperate by the day.’
Republicans also have revealed a separate $200,000 personal check from James Biden to Joe Biden.
According to bankruptcy court documents, James Biden took money from his health care business Americore and sent it directly to his brother Joe Biden.
The documents show that in 2018, James Biden obtained $600,000 in loans from Americore. James was able to receive the loans based upon ‘representations’ that his last name, ‘Biden,’ could ‘open doors.’
On March 1, 2018, Americore wired a $200,000 loan into the personal bank account of James and Sara Biden.
That same day, James Biden wrote a $200,000 check to ‘Joseph R. Biden’ from his personal account for a ‘loan repayment.’ At the time, Joe had already left the vice presidency position.
Republicans leading the investigation into the Biden family’s ‘influence peddling scheme’ that is the center of their impeachment inquiry into the president, say this personal check directly shows Joe was aware of – and included in – his family’s dealings.
They are also casting doubt that the money was actually for a loan repayment.
On March 1, 2018, Americore wired a $200,000 loan into the personal bank account of James and Sara Biden
In September, then-Speaker Kevin McCarthy unilaterally launched the impeachment inquiry – being led by Oversight.
But now the House is now considering taking a formal vote on whether or not to launch an impeachment inquiry into President Joe Biden.
GOP Majority Whip Tom Emmer informed members in a closed-door meeting Wednesday that there could be a vote on opening the inquiry over the next few weeks because he said the Biden administration is stonewalling on documents requests, according to a source in the room.
At the start of this month Speaker Mike Johnson told reporters the House was nearing a decision on whether or not to vote on articles of impeachment – the final step in the process – not an inquiry.