sbynews

DelMarVa’s Premier Source for Conservative News, Opinion, Analysis, and Human Interest

Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349

The opinions expressed by columnists are their own and do not represent our advertisers

Bank flagged money laundering, influence peddling concerns about Biden family’s $5M China loan

Some of proceeds from 2017 Chinese loan, flagged by a bank investigator for potentially money laundering and political influence, ended up in Joe Biden’s account, congressional investigators say.

Amoney laundering investigator for a bank raised serious concerns in 2017 about a $5 million loan that the Biden family received from the arm of a Chinese energy firm, flagging the transaction as “high risk” and possibly tied to efforts by the communist government to gain influence through Hunter Biden, according to an explosive new memo released by congressional investigators Wednesday.

The unnamed investigator specifically raised concerns that the loan had no paperwork, that a Biden family firm distributed large sums of the money to a Hunter Biden law firm and that the recipient firm inside the Biden family did not appear to have any investments in need of a loan, the memo released by House Oversight Committee Chairman James Comer stated.

Comer noted Wednesday that the complex $5 million trail of transactions also resulted in a $40,000 check landing in Joe Biden’s account.

The memo shows that the bank investigator identified Hunter Biden as a Politically Exposed Person (PEP), which is a widely used term in financial industry money laundering reviews to classify a person who is either “entrusted with a prominent public function” or a family member of one who is, according to The Federal Financial Institutions Examination Council.

More

2 thoughts on “Bank flagged money laundering, influence peddling concerns about Biden family’s $5M China loan”

  1. And yet the KING OF crooks still illegally occupies the oval office. But Trump is impeached, silenced and run out of town on lies!!!

Leave a Comment

Your email address will not be published. Required fields are marked *