Bank Investigator Raises Concerns Over Chinese Firm’s Money Route to Hunter Biden and Joe Biden’s Account

A bank money laundering investigator expressed concerns about money sent from a Chinese firm to Hunter Biden’s joint business venture that eventually made its way into Joe Biden’s bank account, according to House Oversight.

House Oversight Committee Chairman James Comer released a June 2018 email from the money laundering expert to colleagues laying out his concerns about $5 million sent from a Chinese firm to Hudson West III, Hunter Biden’s business entity, and subsequent payments to Hunter Biden’s Owasco P.C. bank account.

“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 email revealed by Comer reads. The bank and the names of its employees are redacted.

“The funds in the account have primarily funded 16 wires ranging from $157,494.19 to $400,000.00 totaling $2,915,375.25 to [redacted] CLEARING SERVICES LLC (Further Credit Owasco PC — Law Firm in D.C). These payments were indicated as management fees and reimbursements. We find it unusual that approximately 58% of the funds were transferred to the law firm in a few months and the frequency of the payments appear erratic,” the email continues.

“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 P.C.” (Read more from “Bank Investigator Raises Concerns Over Chinese Firm’s Money Route to Hunter Biden and Joe Biden’s Account” HERE)

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