Biden Family: U.S. Banks Flagged 150 Financial Transactions of James Biden, Hunter Biden as 'Concerning'
The Biden family has been reported to have 150 financial transactions flagged by U.S. banks as "concerning," particularly those involving U.S. President Joe Biden's brother, James Biden, and the president's son, Hunter Biden.
CBS' Catherine Herridge tweeted that some of those concerns include large wire transfers involving Hunter and James, according to The Daily Wire report.
Herridge reported that critics have largely kept the focus of investigations on the president's son, Hunter, and his allegedly skeptical international business dealings.
However, Biden's brother, James, was also linked to a number of transactions that the U.S. banks flagged as "concerning."
Senate Judiciary Committee ranking member Chuck Grassley told the CBS reporter that they have people with the Biden name transacting with Chinese business people that have a relationship with the Communist Party.
Grassley added that James was "very much part of this."
Biden Family Financial Transactions
International wire payments, such as James' and Hunter's, are monitored by the Office of Foreign Assets Control to ensure that the money is not a part of corrupt business schemes.
Suspicious wire transfers over $10,000 are flagged for review to mitigate the risks to the financial institutions.
Meanwhile, wire transactions involving more than $10,000 are also being reported to the Internal Revenue Service, according to a Fox Metro News report.
James and Hunter were reportedly both directly paid by Chinese entities and promised retainer fees for their China work. The amount was a total of $165,000.
Reports also indicate that Hunter and the president shared bank accounts.
The New York Post reported that while Biden was vice president, Hunter routinely paid at least some of his household expenses, including AT&T bills of around $190 a month.
Former Utah U.S. Attorney Brett Tolman noted that the Biden family's payment mechanism may reveal the core of an "entrenched business enterprise," involving legal "predicates" for racketeering charges.
Attorney General Merrick Garland should appoint a special counsel to study Hunter's "corruption," according to Constitutional scholar Jonathan Turley.
The scholar added that Biden denying any wrongdoing by Hunter may have influenced the ongoing probe against the president's son.
Hunter Biden Federal Probe
The investigation on Hunter Biden started as a tax inquiry under the Obama administration, which then stretched in 2018 to include possible criminal violations of tax laws, foreign lobbying, and money laundering rules, according to The New York Times report.
Prosecutors are trying to prove that Hunter intentionally violated the Foreign Agents Registration Act, which requires disclosure to the Justice Department of lobbying or public relations assistance on behalf of foreign clients.
Hunter's lawyer, the Justice Department, and the U.S. attorney's office in Delaware had declined to comment at the time.
The investigation on Hunter is being overseen by David C. Weiss, the U.S. attorney for Delaware. He worked in the office during the Bush and Obama administrations.
Hunter reportedly told one associate that the tax liability was more than $1 million, adding that he had to take out a loan to pay it off.
This article is owned by Latin Post.
Written by: Mary Webber
WATCH: New details emerge in GOP probe of Hunter and James Biden - from CBS Evening News