In 2018, a money laundering investigator warned of abnormal transactions from Hunter Biden, the son of then-Vice President Joe Biden, to entities in China. According to reports in the Washington Post and the New York Times, the investigator, John Paul Mac Isaac, worked on behalf of a wealthy Chinese businessman who was connected to Hunter Biden’s business dealings in Ukraine.
Mac Isaac stated in a deposition that the transactions were “unusual” and had “no rational explanation.” He went on to say that the payments were “erratic” and varied in amounts ranging from $10,000 to $850,000.
The transactions, which took place between May 2014 and June 2015, were revealed during a dispute resolution process between the businessman’s company, CEFCChina Energy, and a Naval officer in the U.S. Navy. CEFCChina Energy is a now-defunct energy company owned by Ye Jianming, a Chinese businessman who also happened to be a close associate of Hunter Biden.
Mac Isaac, the investigator who worked for CEFCChina Energy at the time, reportedly warned the company of the “unusual” payments from China. He noted that the payments had no logical explanation, and he was unable to explain why the company was making such payments.
It is not clear whether the payments were connected to legitimate business activities or were related in some way to Hunter Biden’s political connections in Ukraine. However, the revelation has raised questions of possible money laundering and corruption involving Hunter Biden and his Ukraine dealings. The Biden campaign has previously denied any wrongdoing but has declined to comment on the recently revealed transactions.
The strange transactions have garnered a great deal of attention from the media and politicians on both sides of the aisle. Many critics have suggested that Hunter Biden should not have been in a position to receive such payments and that the transactions should be investigated to ensure that no laws were broken.