New treasury documents reveal that bank investigators suspected that Hunter Biden was associated with a “sex trafficking ring” and falsified checks to pay prostitutes.
The Daily Mail reviewed several Suspicious Activity Reports (SARs) that show the first son’s accounts were being monitored as late as December 2019, following an investigation which discovered payments from Hunter and his companies to a suspected “Eastern European prostitution ring.”
While SARs do not definitively prove wrongdoing or illegal activity, they are filed to the treasury when investigators at a bank notice suspicious behavior by customers.
A previously unreported document, which was filed to the Department of the Treasury on December 17, 2019, by financial crime investigators at Wells Fargo, exposed 25 individuals linked to the suspected ring and nearly $7 million in suspicious transactions. The transactions often included checks from Hunter himself, which they believed may have been falsified to hide his payments to prostitutes from his business accounts.
The report stemmed from a confidential source, but read, in part, “Biden has sent money to individuals who may be part of an Eastern European prostitution ring” and added that investigators were monitoring “several [Wells Fargo] customers suspected of participating in a sex trafficking ring associated with Biden.”
Others connected to the ring included women with Russian passports and a Chinese company that the money was funneled to.
The SAR tracked $1,162,732 being sent to Hunter’s company Owasco, stemming from Rob Walker, one of his business partners, a family friend to the Bidens and a former official under the Clinton administration.
Walker was partnered with Biden in several of his overseas deals which are under criminal investigation, including the multimillion-dollar energy joint venture with Chinese government-linked company CEFC.
Investigators with Wells Fargo said Hunter withdrew $105,492 in cash from Owasco and $263,978 from his personal accounts between February and November 2017, spanning nine separate states, with several withdrawals stemming from Monaco.
“These cash withdrawals were conducted during a time period in which Biden publicly admits to heavy usage of drugs and prostitutes,” the report read.
The document said Hunter’s “high volumes of cash transactions” were potentially linked to “prostitution and or drugs.”
“Wells Fargo’s financial crimes investigations conducted a continued review of customer Robert Hunter Biden as well as several related customers for funds derived from unknown sources, the unusual movement of funds, and unusually high volumes of cash transactions that appeared related to prostitution and or drugs,” the report said.
“This investigation observed that Biden and related business accounts received unknown sources of funds, which funded cash withdrawals, outgoing transfers, and outgoing checks that appeared to be needlessly split into smaller amounts for no clear economic purpose.”
“The overall activity appeared related to prostitution or drugs. The review also found that several customers suspected of participating in a sex trafficking ring associated with Biden continued to have what appeared to be an unusual movement of funds in their accounts,” it continued.
The Financial Crime Investigators (FCI) who wrote the SAR said that the suspicious checks Hunter wrote from his business account could have been used to conceal payments to prostitutes.
“Between October 15, 2014, and April 22, 2015, Owasco issued 13 business checks to Biden totaling $58,432 that appeared unusual in nature,” the report said.
“Specifically, Owasco issued multiple checks on the same or consecutive days that appeared to be for the same purpose. For example, on March 15 and March 16, 2015, Owasco issued three checks of $2,488, $5,000 and $5,000 to Biden, and each check had the notation ‘pay period 3/1 – 3/15.’”
“FCI was unable to determine a legitimate economic purpose for splitting checks into smaller amounts in this manner, which could be for the purposes of deception or concealment,” the report said.
Some previous documents that have been reported have included documents, texts, and videos, including transactions documented in other SARs filed by banks to the Treasury. In all, they show that Hunter spent over $30,000 on escorts in just five months.
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