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US banks reported more than 150 suspicious Biden family transactions


US banks have reported more than 150 suspicious financial transactions from Hunter and James Biden, according to CBS News on Wednesday.

The large number of transfers included “Large” sums of money have been sent for further scrutiny by U.S. banks, CBS News reported of the Biden family’s business dealings.

For years, wire transfers have been the tool of choice for money launderers. To mitigate risk to financial institutions, suspicious wire transfers over $10,000 are flagged for review. Wire transactions involving more than $10,000 must also be reported to the Internal Revenue Service.

Additionally, international electronic payments, such as those to James and Hunter, are monitored by the Office of Foreign Assets Control to ensure that the money is not part of corrupt business schemes.

A grand jury is currently investigating the Biden family for tax evasion, money laundering and violation of lobbying laws in connection with corrupt business deals made while President Joe Biden held senior positions in the US government.

Both James and Hunter Biden were paid directly by Chinese entities and promised fees for their work in China, totaling $165,000, Sen. Chuck Grassley (R-IA) told CBS News.

Wire transfers could be part of a larger payment mechanism. In 2019, Hunter revealed in texts the Biden family’s payment vehicle. The detailed mechanism indicates a collection of 50% of family wages for 30 years.

“I hope you can all do what I did and pay for everything for this whole family for 30 years,” Hunter described in text messages to her daughter. “It’s really hard. But don’t worry, unlike Pop [Joe]I won’t force you to give me half your salary.

According to Hunter’s laptop emails, Hunter paid Joe Biden’s phone bill and various expenses while Joe Biden was vice president, the New York Post reported:

[W]While Joe was vice president, Hunter regularly paid at least some of his father’s household expenses, including AT&T bills of around $190 a month.

We know from an email dated June 5, 2010, with the subject “JRB bills” to Hunter from Eric Schwerin, his business partner at Rosemont Seneca, that he had to pay heavy bills to contractors in Wilmington for maintenance and maintaining his father’s lavish lakeside estate. Joe’s initials are JRB, for Joseph Robinette Biden.

The June bills included $2,600 to contractor Earle Downing for a “stone retaining wall” at Joe’s Wilmington estate, $1,475 to painter Ronald Peacock to paint the house’s “back wall and columns” and $1,239 to builder Mike Christopher for repairs to the air conditioning at the cottage of Joe’s late mother, Jean “Mom-Mom” Biden, which was on his property and which he would later lease to the Secret Service for $2,200 per month.

According to former Utah U.S. attorney Brett Tolman, the Biden family’s payout mechanism could reveal the heart of an established business enterprise, which could involve legal “predicates” for racketeering charges.

Reports indicate that Hunter and Joe share bank accounts.

Constitutional scholar Jonathan Turley believes a special advocate should be appointed by Attorney General Merrick Garland to investigate Hunter’s corruption. Turley noted that Joe Biden has denied any wrongdoing by Hunter and may have influenced the ongoing investigation.

Follow Wendell Husebo on Twitter and Gettr @WendellHusebo



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