The House Oversight Committee revealed the nine Biden family members that received over $10 million from foreign nationals. They tried to hide the money in shell companies.
From Fox News:
The committee said those companies were formed mostly in Delaware and Washington, D.C., with the help of Hunter Biden’s business partners Rob Walker and James Gilliar.”After assuming the vice presidency in 2009, records reveal Hunter Biden and his business associates formed at least 15 companies,” the memo said. Those companies include Lion Hall Group LLC; Owasco P.C.; Robinson Walker, LLC; Skaneateles, LLC; Seneca Global Advisors, LLC; Rosemont Seneca Partners, LLC; Rosemont Seneca Principal Investments LLC; Rosemont Seneca Bohai, LLC; Hudson West III, LLC; Hudson West V, LLC; CEFC Infrastructure Investment (US) and others.”Bank records show the Biden family, their business associates, and their companies received over $10 million from foreign nationals’ companies,” the memo said, adding that the committee identified payments to Biden family members from foreign companies “while Joe Biden served as Vice President and after he left public office.””[T]he Biden family used business associates’ companies to receive millions of dollars from foreign companies,” the memo said, adding that the Biden family “received incremental payments over time to different bank accounts.”
You make shell companies to launder money and/or conceal money. It’s that simple:
A shell corporation is a business that is formed that has no actual business operations. They are mostly created for money laundering or sometimes for parking early startup funds. They do not employ anyone or provide any services.Shell corporations are created in tax havens to avoid paying taxes and to hide the identity of the owner. If an individual is involved in an illegal activity, a shell corporation can be a platform to hide money. A shell corporation can be opened by opening a bank account and buying real estate in a tax haven.
One of the most common tax havens? DELAWARE and Nevada.
We also learned “that Hunter Biden, through his associate Rob Walker, received more than $1 million from a foreign company reportedly controlled by Gabriel Popoviciu, the subject of a criminal probe and prosecution for corruption in Romania.”
Then-Vice President Joe Biden lectured Romanian leaders about corruption in 2014 and 2015.
China is probably the biggest name. We all know about Hunter’s connections to the Chinese.
Comer mentioned Ye Jianming and Gongwen Dong, both of whom had connections with Hunter’s deals with the Chinese Energy company CEFC:
The memo said Ye had “close ties to the highest levels of the Chinese Communist Party and was reportedly deputy secretary-general for an international outreach arm of the People’s Liberation Army.” Ye was later detained by the CCP in 2018.”The Bidens received millions of dollars from their Chinese partnership,” the memo said. “When Ye was detained by the Chinese, Hunter Biden then attempted to distance himself from the relationship by claiming he had never been paid by CEFC. This was false.”The memo said Hunter’s company, Hudson West V, received a $24 million wire from Ye. CEFC later wired $100,000 to Hunter’s Owasco, P.C.
CLICK HERE FOR FULL VERSION OF THIS STORY