Report: U.S. Banks Flagged Over 150 Suspicious Financial Transactions from Biden Family
U.S. banks flagged over 150 suspicious financial transactions from Hunter and James Biden, according to CBS News on Wednesday.
The great number of wire transfers included “large” amounts of money tripped for further review by American banks, CBS News reported about the Biden family business operations.
For years, wire transfers have been the tool of choice for money launderers. To mitigate the risks to the financial institutions, suspicious wire transfers over $10,000 are flagged for review. Wire transactions involving more than $10,000 are also to be reported to the Internal Revenue Service.
Moreover, international wire payments, such as those to James and Hunter, are monitored by the Office of Foreign Assets Control to ensure the money is not a part of corrupt business schemes.
A grand jury is currently investigating the Biden family for tax fraud, money laundering, and the violation of lobbying laws in relation to corrupt business deals undertaken while President Joe Biden was in top positions in the U.S. government.
James and Hunter Biden were both directly paid by Chinese entities and promised retainer fees for their China work, totaling $165,000, Sen. Chuck Grassley (R-IA) told CBS News.
The wire transfers could be the intake component of a greater payout mechanism. In 2019, Hunter revealed in texts the Biden family’s payout vehicle. The detailed mechanism indicates a collection of 50 percent of familial salaries for 30 years.
“I hope you all can do what I did and pay for everything for this entire family for 30 years,” Hunter described in texts to his daughter. “It’s really hard. But don’t worry, unlike Pop [Joe], I won’t make you give me half your salary.”
According to emails from Hunter’s laptop, Hunter paid Joe Biden’s phone bill and various expenses while Joe Biden served as vice president, the New York Post reported:
[W]hile Joe was vice president, Hunter routinely paid at least some of his father’s household expenses, including AT&T bills of around $190 a month.
We know from an e-mail on June 5, 2010, with the subject “JRB bills” to Hunter from Eric Schwerin, his business partner at Rosemont Seneca, that he was expected to foot hefty bills to Wilmington contractors for maintenance and upkeep of his father’s palatial lakefront property. Joe’s initials are JRB, for Joseph Robinette Biden.
The bills that June included $2,600 to contractor Earle Downing for a “stone retaining wall” at Joe’s Wilmington estate, $1,475 to painter Ronald Peacock to paint the “back wall and columns” of the house, and $1,239 to builder Mike Christopher for repairs to the air conditioning at the cottage of Joe’s late mother, Jean “Mom-Mom” Biden, which was on his property and which he would later rent to the Secret Service for $2,200 a month.
According to former Utah U.S. attorney Brett Tolman, the Biden family’s payment mechanism may reveal the core of an entrenched business enterprise, which could involve legal “predicates” for racketeering charges.
Reports indicate Hunter and Joe shared bank accounts.
Constitutional scholar Jonathan Turley believes a special counsel should be appointed by Attorney General Merrick Garland to study Hunter’s corruption. Turley noted Joe Biden has denied any wrongdoing by Hunter and may have influenced the ongoing investigation.
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It’s like these guys know they can get caught but just don’t care. It’s pretty ballsy, but it’s become a hallmark characteristic of the Biden family. They did nothing wrong, but whatever you might think is an issue will never be done again. It’s a bizarre response to the various ethics inquiries into the family’s government access dealing days. It’s a web that’s intricate in the sense that Joe Biden is pretty much kept off the books—somewhat.
The deal with CEFC China Energy that fell through in 2017 was especially egregious. The Biden family got millions for their time. Joe Biden was involved despite saying he wasn’t aware of his son’s dealings. And it was with a company that had connections to China’s communist party—no shock. It was all corroborated by former associate Tony Bobulinski who was interviewed by the FBI and turned over all pertinent documents and devices. This deal was hashed out when Joe was still VP. It shows he’s compromised. The media didn’t care. Now, with Hunter Biden selling stick-figure art for insane sums of money the list of purchasers has remained a secret. The art world is notorious for money laundering, and the Biden White House sort of admitted that. In doing so, they’ve dragged Hunter back into the mix (via Daily Wire):
Hunter “The Artist” Biden may need to review the latest report issued by his father’s White House, warning potential illicit actors about the dangers of making a living in the money laundering business.
Flagged by Senior Ethics Fellow at Project of Government Oversight Walter Shaub, the White House released a document titled “United States Strategy on Countering Corruption.”
The report also stated that the U.S. government would “also hold accountable those who choose to engage in corruption. As part of this effort, the U.S. Government will enforce existing rules using proven tools, while also working with the Congress on new authorities to take on the corruption challenge as it stands today.”
This past year, Hunter Biden announced his decision to enter the art world. Shortly thereafter, buyers began shelling out boatloads of cash for the “esteemed” painter’s work.
This is more of a brazen network than the Clinton Foundation which was a legit slush fund for the Clinton family. Okay, fine—it was a bank where the wealthy and well-connected ‘donated’ a huge sum of money to the foundation to buy favors. That, in turn, would lead to a rather lucrative socioeconomic event benefitting the donor mightily somewhere down the line. As with any investment, some favors took more time—but the Clintons always came through for their partners. With Biden, it’s a shady artwork deal for his disgraced failure of a son where tons of money can just be dumped for these pieces of art—no question asked. The Bidens can’t be bought either, right? They’re special or something.
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