A Treasury Department agency called transactions “suspicious” that moved millions of dollars from abroad into bank accounts of companies owned by Hunter Biden, son of Democratic presidential candidate Joe Biden.
These transactions involving Hunter Biden are listed in the reports of an investigation by the Financial Crimes Enforcement Network (FinCEN) into “potentially improper actions” during the Obama administration, according to Just the News on Sept. 16.
In particular, it is questionable whether the Obama administration’s enforcement agencies adequately monitored the money obtained from abroad by Hunter Biden. Biden was with his father when Joe Biden was serving as U.S. vice president, which could imply a conflict of interest.
During that time, Hunter Biden conducted global business with companies and entities located in countries including Russia, China, and Ukraine.
These included the controversial Ukrainian company Burisma Holdings, which was repeatedly accused of corruption. Hunter Biden was appointed to its board of directors, not speaking the language, no knowledge of the company’s activities, and receiving a salary in excess of $50,000 per month.
A few months later, Burisma allegedly paid a bribe of $7 million to Ukrainian prosecutors to make the corruption allegations disappear.
Likewise, the FBI announced records showing that Burisma paid over $3 million from foreign accounts, to an investment account in New York linked to Hunter Biden.
One of the leads followed in the Treasury agency’s investigation is a warning to Ukrainian prosecutors that several payments, worth $16.6 million, looked suspicious. These were sent by Burisma to an account in New York controlled by Hunter Biden’s Rosemont Seneca Bohai company.
The notice was sent by the Latvian government, which was also investigating Burisma Holdings Limited, according to Just the News.
Another case points to Hunter Biden aboard Air Force Two in December 2013, traveling with Vice President Joe Biden to Beijing. There, he participated in an investment fund that received funds from the Bank of China, owned by the Chinese Communist Party (CCP).
At the same time, Joe Biden was facilitating the opening of U.S. capital markets to CCP-dependent companies, while Hunter Biden was negotiating with Chinese companies.
Another striking transaction was with a Chinese military aircraft manufacturer, which had been sanctioned five times by the U.S. government. One of this manufacturer’s subsidiaries was blacklisted by the government because of its ties to the Chinese military.
Senate investigators are also investigating real estate investments involving Hunter Biden and his partner Devon Archer. These were backed by Yelena Baturina, Russia’s only female billionaire and wife of the late Moscow Mayor Yury Luzhkov.
Sen. Rand Paul (R-Ky.) accused Joe Biden and his son Hunter of illegally profiting from public service, after Sen. Chuck Schumer (D-N.Y.) claimed that the Trump family was illegally making money from politics.
“I am offended and shocked that Schumer would be so scurrilous as to accuse the president and his children of making money illegally off of politics when the only people we know who have actually made money off this have been Hunter Biden and Joe Biden,” Paul said according to Fox News, on Jan. 28.
“Hunter Biden makes a million dollars a year, that’s documented, but Schumer just believes and makes up and says, ‘Oh, maybe the president’s kids are making money,'” Paul added.