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Dec. 4, 2023, 5 p.m.
Biden got recurring $1,380 payment from Hunter's firm starting in 2018
Biden got recurring $1,380 payment from Hunter's firm starting in 2018
['Biden', 'Hunter', 'Joe', 'receive', 'payment']

WASHINGTON — President Biden received a recurring payment of $1,380 from his son Hunter's law firm beginning in late 2018 shortly after a bank money laundering officer warned that the same account was receiving millions of dollars in Chinese government-linked…

Biden got recurring $1,380 payment from Hunter's firm starting in 2018

WASHINGTON - President Biden received a recurring payment of $1,380 from his son Hunter's law firm beginning in late 2018 shortly after a bank money laundering officer warned that the same account was receiving millions of dollars in Chinese government-linked funds without "Any services rendered." A source told The Post that at least three payments were made - on Sept. 17, Oct. 15 and Nov. 15, 2018 - totaling $4,140 to the elder Biden from Owasco PC, according to the firm's bank records. The source of the funds used by Hunter to pay his father is murky, as records show that Hunter Biden was involved in two of his most controversial business relationships at the time, with Ukraine's Burisma Holdings and CEFC China Energy. At the time that the recurring payment was set up, Hunter also was at the tail end of disbursing millions of dollars received from CEFC China Energy - one of two major Biden family dealings with Chinese government-linked firms. On June 26, 2018 - less than three months before Joe Biden began to receive the monthly transfers - an internal Bank Secrecy Act expert warned colleagues that the financial institution should consider ending its relationship with Hunter as a result of Owasco PC seeming to receive Chinese funds without "Any services rendered." CEFC transferred $5 million to another Biden family-linked entity, Hudson West III, in August 2017 after Hunter warned a China-based associate of his father's wrath if a business deal was aborted, warning he was "Sitting here with my father." Much of the subsequent transfer later went to Hunter's Owasco PC. Prior bank records released by the Oversight Committee indicate that Joe Biden received payments of $40,000 and $200,000 from his brother James, who also was involved in the CEFC venture and other foreign-focused enterprises. James Biden paid Joe Biden $200,000 on March 1, 2018 - the same day that James received a $200,000 transfer from troubled rural hospital company Americore after pledging to use his political connections to secure a Middle Eastern investor, according to bankruptcy filings.

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