Godboy
Diamond Member
- Dec 29, 2008
- 37,430
- 20,344
They showed a bunch of super shady money transfers and suggested that it looked like criminal activity. Their suggestion seems pretty spot on. I have yet to hear a plausible alternative explanation for these transfers and why they were funneling it through so many LLC's..No, they didn’t update you on their on their investigation. What they did was to spin a tale about what they think they might have found. There is a whole lot of speculation in that memo, and none of it is backed up with evidence.
They made a lot of accusations and insinuations, which would require evidence they don’t have, and have no legal right to ask for. What they don’t have is any evidence that any kind of crime has been committed.
The corporate entities created might have been created to launder funds. They could be obscuring illegal payments. But after 30 years experience in banking finance and law, I seriously doubt it. I look at all of the transfers, deposits and cheques that the Republicans have presented and see a normal international investment group with both active partners and silent partners, working on projects in multiple countries. A close friend with an MBA and a background in international banking and finance saw the same thing. Time magazine called the report a “swing and a miss”.
The problem being that it takes a background in law, business and finance to conduct a knowledge based assessment of that memo. And that’s what the Republicans are counting on. That their voters don’t have the expertise to spot the gaping holes in the story they’re selling you.
Hunter Biden has said that this was the group of family and friends who were investing in this opportunity in China, and the monies coming out were the investors getting their return on investment. And while I might have questions about that $10 million wire transfer, and what that distribution was all about, it’s not because I suspect it was criminal. Rather I suspect that China pushed them out.
Both Russia and China used the same strategy of inviting investment in their countries when they were building a capitalist society, and an investor class, and then forcing foreign capital or ownership out when their businesses are successful.
I have no doubt that Hunter Biden has cashed in on his name. But I have a lot of serious doubts that he broke any laws in doing so, or that the entire Biden family is both lawless and corrupt.