Follow Us

Banks filed at least 6 suspicious activity reports flagging Joe Biden's home address, senator says

Reports flagged $12 million in transactions tied to Hunter Biden via Joe Biden's Wilmington, Delaware home address and raised concerns about money laundering, human trafficking, Sen, Ron Johnson tells Just the News.

Published: December 7, 2023 11:19pm

Updated: December 8, 2023 1:02am

Banks filed at least six reports concerning Hunter Biden's foreign business dealings that flagged President Joe Biden's home address in Delaware and raised concerns about possible criminal activity involving money laundering or human trafficking, according to a U.S. Senator who investigated the first family's finances for years.

Sen. Ron Johnson of Wisconsin, the top Republican on the Senate Permanent Subcommittee on Investigations, told the Just the News, No Noise television show Thursday night that the Suspicious Activity Reports (SARS) chronicled about $12 million in transactions over several years, some of which passed through Joe Biden's Wilmington, Del., home where he had allowed his son to stay.

Johnson said Joe Biden would have almost certainly known his son was using his home as a business and banking address, if nothing else from postal mail arriving at the location. He added that House impeachment investigators have plenty of grounds to question Joe Biden's complicity in his son's foreign dealings. The House is set to vote on formally authorizing an impeachment inquiry next week.

"There'd be so much activity coming into his address, in this case, Hunter Biden's businesses, that he obviously would have to be aware," Johnson said of the president. "So, again, I just use the word obvious, It has been so obvious for so long, that Biden Inc. is a corrupt enterprise. And that this president is corrupt, that he is compromised.

"And he fully was aware of this, that he fully benefited from it. The members of his family benefited from all these these millions dollars flowing in from countries that are adversarial to America," he added.

Johnson's revelation came just a few hours before Special Counsel David Weiss unveiled a nine-count indictment against Hunter Biden in federal court in California alleging the first son engaged in a years-long tax evasion scheme in which he avoided paying $1.4 million in federal taxes on millions in foreign incomes from countries like China, Ukraine and Romania.

"Rather than pay his taxes, the Defendant spent millions of dollars on an extravagant lifestyle," the indictment charged.

Johnson is one of the most versed members in Congress on the Biden family scandal, having conducted a two-year probe alongside Sen. Chuck Grassley, R-Iowa, that concluded in 2020 that Joe Biden's family collected millions in foreign monies from countries adversarial to the United States that left the first family compromised from a national security perspective.

Johnson said Thursday that revelations from House investigators, IRS whistleblowers and subpoenaed documents since then only heighten his concerns. 

"They (Biden family) did nothing for it (the money) other than they had the right name. And they were influence peddling. And the people paying these millions expected favors in return, some some kind of public policy coming from the former vice president and maybe even a potential president of the United States. Now they got him. Now he's compromised."

Johnson said his team has been assisting impeachment investigators in the House and will provide the information about Joe Biden's house that was gleaned from the SARs.

“We found six of the Treasury reports on Hunter Biden, listing his suspicious activities," Johnson explained. "The money flows in those reports are over $12 million. Now, there might be double counting in there, you just don't really know exactly what the activity is. These reports are really meant to obviously raise awareness to prompt further investigation, which of course this Department of Justice, FBI, I don't think did an honest job of doing.

“But it does point out we know what's suspicious about them and there are terms like money laundering, human trafficking, those types, that that's why these transactions raise suspicion,” he continued. “I mean, Hunter Biden has dozens and dozens and dozens of these Treasury reports that are concerned about suspicious activities he's undertaking in terms of money transfers. I mean, this is, again, it's just to me, it just underscores and confirms the criminal nature, the corrupt nature of Biden family, Inc.”

Congressional investigators say they have no identified more than 150 SARs filed over nearly a decade involving Biden family businesses and associates. Hunter Biden has been charged with tax and gun charges, but neither he or his father have ever been formally accused of money laundering or human trafficking in court. But IRS witnesses have confirmed to Congress that their tax probe into Hunter Biden began with concerns about a foreign human trafficking operation.

A Suspicious Activity Report is filed “to report known or suspected violations of law or suspicious activity observed by financial institutions subject to the regulations of the Bank Secrecy Act,” according to the Financial Crimes Enforcement Network (FinCEN).

Just the News previously reported that Grassley and Johnson’s Senate committees had obtained SARs that covered concerns from FinCEN about several foreign transactions to Hunter Biden-connected businesses in September 2020 in the lead up to the presidential election.

The report, released by Grassley and Johnson, detailed Hunter Biden’s work for the Ukrainian energy company, Burisma, and the millions in compensation that he received for his position on the board. The Senators highlighted specifically how Hunter Biden’s work intersected with the exercise of official U.S. policy in Ukraine, which was being spearheaded by his father, then Vice President Joe Biden.

The report also covered a $3.5 million wire from the widow of a Russian oligarch and Hunter Biden’s business arrangements with Ye Jianming, a Chinese Communist Party-connected energy executive.

You can read the Johnson-Grassley report here:

 

The Daily Mail previously reported it reviewed Suspicious Activity Reports (SARs) from the Treasury Department that purportedly show Hunter Biden’s accounts being monitored as late as December 2019 and linked payments from those accounts and his business accounts to an “Eastern European prostitution ring.”

According to the Daily Mail, Wells Fargo identified 25 individuals linked to the foreign prostitution ring and about $7 million in suspicious transactions, including checks from Hunter Biden that “may have been falsified to hide his payments to hookers from his business account.”

Documents released by the House Ways and Means Committee from IRS whistleblowers Gary Shapley and Joseph Ziegler also showed Hunter Biden’s spending on escorts and that he classified some of those payments as tax deductions, Just the News previously reported. These documents included an investigator interview with one of Hunter Biden’s accountants and another with an alleged escort who described an encounter with the younger Biden.

The IRS whistleblowers also testified that they referred potential Mann Act violation to the Justice Department during their investigation of Hunter Biden’s tax violations. The Mann Act prohibits the transport across state lines of “any woman or girl for the purpose of prostitution or debauchery, or for any sexual activity for which any person can be charged with a criminal offense.”

This is not the first time that Joe Biden’s home address was implicated in Hunter Biden’s suspicious transactions. In September, the House Oversight Committee obtained records of bank wires that showed that Hunter Biden received two wires from China for $250,000 and $10,000 in 2019.

Oversight Chairman James Comer, R-Ky., said that two wires originating from China listed Joe Biden’s Wilmington address as the beneficiary. These payments were sent while Joe Biden was running for president.

“Bank records don't lie, but President Joe Biden does,"  Comer said in a press release at the time. "In 2020, Joe Biden told Americans that his family never received money from China. We've already proved that to be a lie earlier this year, and now we know that two wires originating from Beijing listed Joe Biden's Wilmington home as the beneficiary address when he was running for President of the United States."

Hunter Biden’s attorney, Abbe Lowell, did not immediately respond to a request for comment.

At the time, the White House spokesman pushed back on Joe Biden’s address showing up in these payments.

“Imagine them arguing that, if someone stayed at their parents' house during the pandemic, listed it as their permanent address for work, and got a paycheck, the parents somehow also worked for the employer…It's bananas…Yet this is what extreme House Republicans have sunken to,” spokesman Ian Sams wrote on X.