Senate report: Hunter Biden involved in vast financial network, connected to foreign governments around the world

by Joel Abbott · Sep 23rd, 2020 11:30 am

Last Updated Sep 24th, 2020 at 11:07 pm

On Wednesday, the Senate Homeland Security and Finance Committees released a long-awaited report detailing millions of dollars in suspicious monetary transactions between Hunter Biden and foreign entities.

Led by Senate Republicans, the committees investigated the Vice President's son for his dealings in Ukraine, Russia, and China. The investigation, which began in August 2019, was delayed by impeachment, COVID-19, and federal agencies that failed to comply with requests for documents.

The findings of the report level bombshell allegations against Hunter Biden and his associates, including Joe Biden's brother, James Biden, who has already faced allegations of fraud this year.

"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," details the report. "In particular, these documents show that Hunter Biden received 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."

The report outlined a number of key findings:

  • Days after Joe Biden visited Ukraine in 2014, Hunter Biden and his business partner Devon Archer were installed on Burisma's board and "paid millions of dollars from a corrupt Ukrainian oligarch for their participation on the board."
  • In 2015, both a senior official at the U.S. Embassy in Kyiv and a senior State Department official expressed concerns to Joe Biden's staff about a conflict of interest between the U.S. anti-corruption agenda in Ukraine and Hunter Biden's position on the board of Burisma, the largest natural gas company in the country. Ukrainian officials launched an investigation this year into Joe Biden's involvement in the 2016 firing of the Ukrainian prosecutor who was subsequently investigating Burisma. Joe Biden has publicly said that he threatened to rescind a $1 billion U.S. loan to Ukraine if the prosecutor was not fired.
  • Hunter Biden and Archer "engaged in numerous financial transactions with Chinese nationals who had deep connections to the Communist Chinese government." Ye Jianming, one of these individuals and the founder of CEFC China Energy Co., is extensively connected to the Communist Party. Ye also had financial connections to James Biden. The report concludes that there is "a vast web of corporate connections and financial transactions" between the Biden family and Chinese individuals.
  • Hunter Biden opened a bank account with Ye's senior associate, Gongwen Dong, and spent $100,000 around the world alongside James Biden and and James's wife, Sara.
  • Hunter Biden used Secret Service protection for personal foreign business trips in more than a dozen nations.
  • Hunter Biden was given $3.5 million by the wife of the former mayor of Moscow, Elena Baturina.
  • Archer received $142,300 from a Kazakh politician on the same day Joe Biden appeared with the Ukrainian Prime Minister to discuss Russia's actions in Crimea.
  • Hunter Biden gave money to women who have immigrated to the U.S. from Russia and Eastern Europe that are allegedly linked to prostitution and human trafficking rings.

The report also found evidence that former Secretary of State John Kerry knew about Hunter Biden's connections to Burisma, despite his December 2019 claim to the contrary. The report indicated that this, along with other discrepancies, shows multiple instances of "high-ranking Obama administration officials blatantly ignoring Hunter Biden's association with Burisma."


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