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Catherine Herridge is a journalist of pretty high ethics and integrity.
If her name is on a story where there is obviously smoke, there is almost certainly fire.
In a separate interview, Herridge reported that among the various markers that attract the attention of the Treasury nerds the review this stuff is layering and velocity of the transactions.
In the 150 or so very large transactions, there was layering often used to obscure the source and destination of the money. The money in these transactions was often into and out of the accounts within a single day.
Of course, the size and "roundness" of the transacted amounts also comes into play. $300,000 gets more attention than $163,273.25 which looks and sounds more like a payment for a specific product or service.
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APRIL 6, 2022 / 6:49 PM / CBS NEWS
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CBS News has also learned more than 150 financial transactions involving either Hunter or James Biden's global business affairs were flagged as concerning by U.S. banks for further review. Some of those concerns included large wire transfers. Such banking reviews could point to deeper problems — or they could prove innocuous. Information shared with CBS News does not indicate the outcome of the banking reviews.
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Federal officials have confirmed that Hunter Biden is the focus of an ongoing investigation out of the U.S. attorney's office in Delaware. The probe is centered on tax and other financial issues. A 2019 federal subpoena obtained by CBS News shows the criminal probe in Delaware has sought Hunter and James Bidens' bank records dating back to 2014, when Joe Biden was vice president.
<snip>
If her name is on a story where there is obviously smoke, there is almost certainly fire.
In a separate interview, Herridge reported that among the various markers that attract the attention of the Treasury nerds the review this stuff is layering and velocity of the transactions.
In the 150 or so very large transactions, there was layering often used to obscure the source and destination of the money. The money in these transactions was often into and out of the accounts within a single day.
Of course, the size and "roundness" of the transacted amounts also comes into play. $300,000 gets more attention than $163,273.25 which looks and sounds more like a payment for a specific product or service.
GOP probe of Hunter Biden's business dealings turns to president's brother James
Republican Senator Chuck Grassley tells CBS News that his concerns are related to newly obtained banking records.
www.cbsnews.com
<snip>GOP probe of Hunter Biden's business dealings turns to president's brother James
Republican Senator Chuck Grassley tells CBS News that his concerns are related to newly obtained banking records.
www.cbsnews.com
GOP probe of Hunter Biden's business dealings turns to president's brother James
BY CATHERINE HERRIDGE, GRAHAM KATES, MICHAEL KAPLAN, ANDREW BASTAPRIL 6, 2022 / 6:49 PM / CBS NEWS
<snip>
CBS News has also learned more than 150 financial transactions involving either Hunter or James Biden's global business affairs were flagged as concerning by U.S. banks for further review. Some of those concerns included large wire transfers. Such banking reviews could point to deeper problems — or they could prove innocuous. Information shared with CBS News does not indicate the outcome of the banking reviews.
<snip>
Federal officials have confirmed that Hunter Biden is the focus of an ongoing investigation out of the U.S. attorney's office in Delaware. The probe is centered on tax and other financial issues. A 2019 federal subpoena obtained by CBS News shows the criminal probe in Delaware has sought Hunter and James Bidens' bank records dating back to 2014, when Joe Biden was vice president.
<snip>