Republicans pushing for Joe Biden’s impeachment published an email from a bank investigator alarmed by “unusual” and “erratic” activity in Hunter Biden’s financial dealings with a Chinese company.
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, Republicans say.
According to banking records obtained by Republicans, a money trail began with a $5 million payment from Chinese oil giant CEFC, a Hunter company, through several Biden-linked entities, and resulted in the deposit of $40,000 into Joe’s account.
The The Bank Secrecy Act manager wrote in a June 2018 email released Wednesday that Hunter’s financial transactions raised concerns about their “unusual” nature.
In particular, it appeared that the money transferred through the CEFC payment to Hunter’s entities Hudson West and Owasco “did not provide any service” and that it “serves no current business purpose,” the email continues .
In addition, the researcher raised the issue of China’s targeting of “politicians’ children,” “buying” political influence through “sweetheart deals.”
Based on these concerns, the bank investigator ultimately recommended requiring a “re-evaluation” of the bank’s relationship with “high-risk” customer Hunter.
A money trail that started in July 2017 trickled from Chinese oil giant CEFC — one of Hunter Biden’s joint ventures — into Joe’s account in the form of a $40,000 check, Republicans say
Chairman James Comer told DailyMail.com in a statement that the bank investigator was “so concerned about Hunter Biden’s financial dealings with the Chinese company that he wanted to reevaluate the bank’s relationship with the customer.”
“Worse, we know that the sitting President of the United States knew about, participated in, and profited from his family’s shady China dealings,” Comer continued.
He blasted the White House for trying to “cover up” what he called “egregious corruption.”
Comer’s Oversight Committee is leading the investigation into the Biden family’s “influence peddling” operation as part of the larger impeachment inquiry into the president. They say Joe Biden has been at the center of a highly lucrative “racketeering scheme” between members of his family and foreign actors – including China.
The $40,000 check is at the heart of their allegations.
In WhatsApp messages from August 2017, previously published by DailyMail.com, Hunter demanded $10 million from CEFC and claimed his father was sitting “right here” next to him during the exchange.
After an initial $5 million infusion from CEFC into the joint venture on August 8, 2017, and a transfer of $400,000 to Hunter Biden entity Owasco, PC on the same day. Then, on August 14, 2017, $150,000 was transferred directly from Owasco to the bank account of James and Sara Biden – Joe’s sister-in-law.
Then, on September 3, 2017, Sara wrote a $40,000 check directly to Joe — just six days after she withdrew $50,000 in cash, according to the documents obtained.
Joe Biden has previously stated that Hunter never made money from China, and the White House has insisted that the president never profited from his family’s business ventures.
White House spokesman Ian Sams dismissed Comer’s claims about money laundering by the Biden family, saying the Republican chairman’s “lies and conspiracy theories are growing more desperate by the day.”
Republicans also unveiled a separate $200,000 personal check from James Biden to Joe Biden.
According to bankruptcy court documents, James Biden took money from his healthcare company Americore and sent it directly to his brother Joe Biden.
The documents show that James Biden received $600,000 in loans from Americore in 2018. James was able to receive the loans based on “representations” that his last name, “Biden,” could “open doors.”
On March 1, 2018, Americore transferred a $200,000 loan to James and Sara Biden’s personal bank account.
That same day, James Biden wrote a check for $200,000 to “Joseph R. Biden” from his personal account for “loan repayment.” At that time, Joe had already left the position of vice president.
Republicans leading the investigation into the Biden family’s “influence peddling scheme,” which is at the heart of their impeachment inquiry into the president, say this personal audit directly shows that Joe knew about — and was involved in — the actions of his family.
They also doubt whether the money was actually for loan repayment.
On March 1, 2018, Americore transferred a $200,000 loan to James and Sara Biden’s personal bank account
In September, then-Speaker Kevin McCarthy unilaterally launched the impeachment inquiry, led by Oversight.
But now the House is considering holding a formal vote on whether to launch an impeachment inquiry into President Joe Biden.
GOP Majority Whip Tom Emmer informed members during a closed-door meeting Wednesday that a vote on opening the investigation could come in the coming weeks, as he said the Biden administration is resisting document requests, a source in the chamber said.
Early this month, Speaker Mike Johnson told reporters that the House was nearing a decision on whether to vote on articles of impeachment — the final step in the process — and not on an investigation.