A bank investigator hired to monitor Hunter Biden’s company, Owasco P.C. raised the alarm over an influx of Chinese money while despite the company providing zero services.
In a June 26, 2018 email from the investigator, concerns were raised over wire transfers from a Chinese company, and Biden’s joint Chinese venture, Hudson West III. Specifically, $5 million initially sent to Hudson West was described as a business loan, however “there was no loan agreement document submitted,” wrote the investigator, whose name and which bank he was working for was redacted.
Most of the funds were sent to Owasco via 16 wire transfers labeled as management fees and reimbursements.
“We find it unusual that approximately 58 percent of the funds were transferred to the law firm in a few months and the frequency of the payments appear erratic,” said the investigator. “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 PC.”
The investigator also noted that Hunter was the son of then-former VP Joe Biden, and…
Read the full article here