×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: house oversight | james comer | email | joe biden

Email Ties Hunter's Cash From China to $40K Check to President

By    |   Wednesday, 29 November 2023 07:37 PM EST

An email from an investigator about bank money laundering shows he raised concerns in 2018 about money from China that allegedly was used to fund a $40,000 check to President Joe Biden.

The email, obtained by subpoena from the House Committee on Oversight and Accountability, shows the investigator's concerns about an initial $5 million funding from Northern International Capital Holdings — an affiliate of CEFC China Energy, which is linked to the Chinese government — and "subsequent erratic payments" to Hudson West III, Hunter Biden's joint venture with a Chinese national, and Owasco PC, an entity owned by Hunter Biden.

"The bank investigator emphasized how Hudson West III did not have any investment projects at the time, yet money was being paid to Owasco PC without any services provided," the committee said in a news release. "The bank investigator also noted China's pattern of targeting children of politicians to purchase political influence through 'sweetheart deals.'"

Rep. James Comer, R-Ky., chair of the Oversight Committee, recently revealed that Joe Biden received $40,000 from the account of his brother, James Biden, and his sister-in-law, Sara Biden, in the form of a personal check.

"The money that landed in Joe Biden's bank account was funded by a complex web of financial transactions that began with the initial $5 million funding from Northern International Capital Holdings," the news release said.

The committee alleges on Aug. 8, 2017, Northern International Capital sent $5 million to Hudson West III. That same day, Hudson West III sent $400,000 to Owasco PC.

On Aug. 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group LLC, a company owned by James Biden and Sara Biden. On Aug. 28, 2017, Sara Biden withdrew $50,000 in cash from Lion Hall Group and then deposited the money into her and her husband's personal checking account on the same day.

On Sept. 3, 2017, Sara Biden cut a check to Joe Biden for $40,000 for a "loan repayment."

"Long before our investigation into President Biden's corruption, a bank money laundering investigator raised the exact concerns that we raised publicly about the Biden family business: 'payments appear erratic,' 'does not appear to have any services rendered,' 'no current business purpose,' and 'China target[s] children of politicians and purchase of political influence through "sweetheart deals,"'" Comer said in the news release. "Those are the words of a bank investigator who was just doing his job.

"The bank investigator was so concerned about Hunter Biden's financial transactions with the Chinese company, he wanted to reevaluate 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.

"Joe Biden showed up to his son's CEFC meetings and benefited from the money wired from China. The White House and their corporate media allies' efforts to excuse and cover up this blatant corruption is appalling to the American people."

Michael Katz

Michael Katz is a Newsmax reporter with more than 30 years of experience reporting and editing on news, culture, and politics.

© 2024 Newsmax. All rights reserved.


Newsfront
An email from an investigator about bank money laundering shows he raised concerns in 2018 about money from China that allegedly was used to fund a $40,000 check to President Joe Biden.
house oversight, james comer, email, joe biden
489
2023-37-29
Wednesday, 29 November 2023 07:37 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved