By Steven Richards
Newly disclosed bank records, released on Monday as part of the House Republicans’ ongoing impeachment inquiry into President Biden, indicate that Hunter Biden arranged direct, monthly payments to his father. The records show that at least one payment of $1,380 was sent from Hunter Biden’s Owasco PC to Joe Biden in September 17, 2018.
At the time, Hunter Biden’s Owasco PC account was receiving payments from Hudson West III, a joint venture set up with executives from CEFC China Energy. The joint venture appeared to be in the process of winding down after CEFC’s founder and chairman, Ye Jianming, was detained and disappeared in China earlier in 2018, according to emails obtained from Hunter Biden’s laptop.
This new revelation fits a pattern that has emerged in the House investigation into the President and his family’s business dealings. That pattern suggests that Joe and Hunter Biden’s finances were intertwined, while Hunter Biden was raking in millions from his foreign business deals.
For his part, the President and the White House insist that he had no knowledge or relationship to his son’s business deals and repeat that there is “no evidence” to the contrary.
“Despite receiving this significant volume of material, House Republicans have just failed to turn up any evidence of wrongdoing by President Biden – but plenty of evidence debunking their claims,” White House spokesperson Ian Sams wrote in a memo released last week, according to Axios.
“Today, the House Oversight Committee is releasing subpoenaed bank records that show Hunter Biden’s business entity, Owasco PC, made direct monthly payments to Joe Biden,” Chairman James Comer, R-Ky., said in the committee’s press release.
“This wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world,” Comer continued.
The ACH Authorization Agreement document released by the committee reveals shows a payment scheme—signed and authorized by Hunter Biden—to send “periodic transfers” from his Owasco PC account to “Joseph R Biden Jr.” The payments were set to begin on September 15, 2018, around the same time that the account continued to receive payments from one of Hunter Biden’s Chinese joint ventures.
You can read the bank record below:
On September 13, 2018, four days before the $1,380 payment was transferred from the Owasco PC account to Joe Biden, Hunter Biden received an email from Wells Fargo, forwarding questions from its corporate compliance team.
“What is the purpose of the incoming wires from Hudson West?” the compliance team asked. “What is the business type for Hudson West? Who are the beneficial owners? What is the business address?” the questions continued.
According to this email obtained from Hunter Biden’s abandoned laptop, Wells Fargo appeared to have concerns about the incoming wires to his accounts from the Chinese-connected entity and Hunter Biden’s use of those business accounts for personal expenses. The team also questioned why Owasco was sending outgoing wires to Lion Hall Group, the entity owned by Hunter Biden’s uncle, James Biden.
The laptop from which the information came was initially dismissed as “Russian disinformation” by then-candidate Joe Biden’s campaign staff and most mainstream media. The New York Times took a year and a half after the election to finally admit the laptop was genuine.
You can read the email from Wells Fargo below:
Earlier that summer, bank money laundering investigators also flagged a $5 million loan from Northern International Capital Holdings (HK) Limited to Hudson West III, of which almost $3 million ended up in Hunter Biden’s Owasco PC law firm account, Just the News previously reported, citing an email released by the House Oversight Committee last week.
You can read that email here:
It is not yet certain how much Hunter Biden’s Owasco PC account received from Hudson West III in proximity to his payment to Joe Biden. About one week after the first transfer to Joe Biden’s account, Hunter Biden emailed a Hudson West III official and his uncle, directing further wires to his account and indicated that he had taken a $35,000 advance “last week,” coinciding with the payment to his father one week and one day earlier, according to the bank records.
“Please wire to my Owasco PC account the remaining two monthgkly [sic] draws minus the 35K adv once [sic] I took last week,” the typo-laden email reads. “So $295,000.00 today,” Hunter Biden explained.
This more than $300,000 total transfer to Owasco PC was fulfilled as Hudson West III was coming to the end of its life. Hunter Biden directed Hudson West III official, Mervyn Yan, to draw his money from the entity and then prepare to “unwind” as soon as possible.
“Then please give men detailed bank statements of what is left in the account after you’ve taken your final two draws,” Hunter Biden wrote. “We then need two [sic] discuss what we owe and to whom and determine what of any money is left for disbursement. Then we can unwind in an orderly way as soon was poswswible [sic],” he continued.
You can read Hunter Biden’s email to Yan below:
Hudson West III was a joint venture born out of Hunter Biden’s business association with Chairman Ye Jianming of CEFC China Energy, a former Chinese energy tycoon with connections to the Chinese Communist Party. In all, Ye Jianming’s various businesses sent almost $5 million to Hunter Biden through Hudson West III, as Just the News previously reported. Hunter Biden’s now-defunct plea deal confirmed many of these payments.
It is more than obvious that biden was taking laundered money from the CCP. It has been announced there will be a House vote next week or begin a formal impeachment inquiry. biden is as corrupt as the day is long. The American People deserve to know he has lied repeatedly.
“Property records show Joe’s six-bedroom second property was purchased on June 8, 2017 for $2,744,001 – just seven weeks before his son’s shakedown messages.” The Daily Mail reported.
There was no record of a mortgage lien against the Rehoboth property until Joe and Jill Biden opened a $250,000 HELOC (home equity line of credit) against the property last December.
Without a mortgage lien against he property where biden vacations on weekends, the beach front property was not financed. Where did biden get the cash to pay for the 2.7 million dollar beach house?
Was it a loan repayment from his dirtbag brother? How bout it greg.
Pelosi gave him a hot stock tip.
Trump is on trial now because some people asked him what he thought the value of his property holdings. He told them and also told them to do their own assessment. The left thinks he is guilty beyond any question. Yet, given the enormous quantity and quality of the evidence proving Robin Ware/Robert L. Peters/JRB Ware/Pedo Peter/idiot Biden is corrupt, a liar and a traitor, they just look the other way and deny it is there.
There is no value in Democrat’s credibility.