U.S Treasury Secretary Janet Yellen, on Dec. 10, announced that the United States would step up efforts to investigate dirty money hidden in the United States by corrupt foreign officials, according to NTDTV. The Treasury Department will set up an anti-corruption fund to reward those who provide any information.

Yellen said it is common to think that Switzerland or the Cayman Islands are the focus of dirty money investigations. Still, now people say that the best place to hide illicit gains and launder money is in the United States.

The U.S. Congress has passed an “Incentive for Recovery of Assets” program. This program will be part of the “Defense Authorization Act” for the fiscal year 2021 to help the United States identify and recover stolen property and return it to the countries involved.

Experts say that the U.S. investigation into the number of corrupt foreign officials hiding in the United States is aimed at the Chinese Communist Party (CCP). The CCP’s wealth in the United States is astronomical, and many corrupt CCP officials have transferred funds and family members to the United States.

Arrests for money laundering by foreign authorities in the United States are a hot topic of discussion.

In the program “Observing Qin Bin Economy and Politics,” Qin said that Chinese people know that CCP officials, large and small, don’t just transfer money to the United States, Canada, Australia, Europe, and other countries. They also relocate their wives, children, and mistresses abroad.

Qin Peng said that the son and grandson of former CCP leader Jiang Zemin and the grandson of Deng Xiaoping both have U.S green cards.

Jiang Zemin was titled by Chinese netizens as the “Head Coach of the Corruption Team” and “China’s First Corruption,” which means that Jiang Zemin not only “gets rich alone,” but leads the corruption of CCP officials at all levels.

Bao Pu, son of Bao Tong, the Former Secretary of General Secretary Zhao Ziyang, told the Epoch Times that “Institutional corruption really started after Jiang Zemin came to power after June 4, 1989 [the day the CCP oppressed the people in Tiananmen].”

After Jiang Zemin came to power, reform of the political system reached a dead end, leading to corruption.

Bao said all economic policymaking happens in the black box. There is too much money to decide who to go to, which companies to support, who to take over, and what contracts to take for whom.

Guo Wengui, a wealthy businessman living in exile in the United States, once revealed that the state assets controlled by Jiang Zemin’s family were at least $1 trillion, and the laundered money amounted to $500 billion.

Qin Peng joked on the show that the U.S reward is a percentage of confiscated property, often in the millions of dollars.

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