A long-awaited Senate report on Hunter Biden’s financial dealings with Ukrainian, Chinese and Russian businesses created potential “criminal financial, counterintelligence and extortion concerns,” and alarmed US officials who perceived an ethical conflict of interest and flagged potential crimes ranging from sex trafficking to bribery.
The findings are contained in a joint report by the GOP-led Senate Homeland and Government Affairs and Senate Finance Committees, released just six days before the first Presidential Debate between Joe Biden and President Trump.
According to the Daily Caller’s Chuck Ross, suspicious financial transactions between Hunter Biden’s firms and foreign nationals from Russia and China – including a CCP-linked Chinese businessman, raised serious concerns. What’s more, Hunter’s seat on the board of Ukrainian energy giant Burisma while his father served as the Obama administration point-man for Ukraine, worried State Department officials in 2015 and 2016.
One official, Amos Hochstein, told the Senate Homeland Security and Senate Finance committees that he said to then-Vice President Joe Biden in October 2015 that Hunter Biden’s position on the board of Burisma “enabled Russian disinformation efforts and risked undermining U.S. policy in Ukraine.”
As Ross notes, while the report does not produce direct evidence of wrongdoing by Hunter Biden, Republicans say the evidence paints a troubling picture of Biden receiving “millions of dollars from foreign sources as a result of business relationships that he built during the period when his father was vice president of the United States and after.”
Hunter Biden also received a $3.5 million wire transfer from Elena Baturina, the wife of the former mayor of Moscow, according to the report.
And as Just The News‘ John Solomon writes, “Perhaps the most explosive revelation was that the U.S. Treasury Department flagged payments collected overseas by Hunter Biden and business partner Devon Archer for possible illicit activities.“
The so-called Suspicious Activity Reports flagged millions of dollars in transactions from the Ukrainian gas company Burisma Holdings, a Russian oligarch named Yelena Baturina, and Chinese businessmen with ties to Beijing’s communist government, the report said. Senate investigators have yet to determine if the FBI or others investigated the concerns. –Just The News
“The Treasury records acquired by the Chairmen show potential criminal activity relating to transactions among and between Hunter Biden, his family, and his associates with Ukrainian, Russian, Kazakh and Chinese nationals,” reads the 87-page report. Other transactions involving Biden-controlled firms were flagged for “potential criminal financial activity,” including wire transfers to Hunter’s Uncle, James Biden.
The report focuses on millions of dollars in wire payments that Hunter Biden’s firms received from Ye Jianming, the founder of CEFC China Energy Co., and Gongwen Dong, a U.S.-based associate of Ye’s.
According to Republicans, Ye has “extensive” connections to the Chinese government.
The Senate report says that on Aug. 4, 2017, a subsidiary of Ye’s company called CEFC Infrastructure Investment (US) LLC, wired $100,000 to Owasco, the Biden law firm.
A month later, on Sept. 8, 2017, Hunter Biden and Gongwen Dong applied for a $100,000 line of credit under a shell company they formed called Hudson West III LLC, according to the Senate report.
Biden, his uncle James, and James’s wife, Sara Biden, accessed the account through credit cards, and spent $101,291 on what Republicans call “extravagant items,” including plane tickets, hotels, restaurants and items at Apple stores. –Daily Caller
Meanwhile, according to US government records cited in the report, concerns were raised over potential ties to sex and human trafficking rings.
“Hunter Biden paid nonresident women who were nationals of Russia or other Eastern European countries and who appear to be linked to an Eastern European prostitution or human trafficking ring,” the report reads.
Senate Homeland Security and Governmental Affairs Committee Chairman Ron Johnson told Just The News that the sheer volume of potentially illegal activity in Hunter Biden’s foreign dealings left Joe Biden vulnerable to illicit influence or extortion.