Back in 2018....it came up in the banking news....ABLV, a Latvian bank....was noted for serious money-laundering. This involved not only Russian money-laundering, but also cash for North Korea.
The US had a serious meeting with Latvian leaders and kinda hinted in a serious way.....they needed to correct some serious problems.
The odds that ABLV was the only Latvian bank doing this? That's a curious question.
But that wasn't the only problem....Latvian was allowing shell companies to be staged and operated, without much control. You'd just show up....file some paperwork, and 'X-to-X' would be created. It might amount to be strictly a mailbox where 20-million a year would flow into, and out....seemingly on paper to be legit but mostly non-existent.
So after the money was cleaned in Latvia, it'd move onto Cyprus....where another company would be created....another mail-box scheme. Here, you could show enormous losses or business deals being made (at least on paper), and then the money could flow cleanly back to the US.
Yeah....in a way, this would be a way that Hunter Biden might have moved cash around. Some Ukrainians gave him money, which he shifted to Latvia....cleaning it. Then he flipped the money to a fake shell company out of Cyprus, and then delivered it back to the US.
So there's this curious part of the story....around back in the fall of 2018, Cyprus got all heated up and dumped 20,000 fake business accounts....to show they were 'serious'. There is no evidence that Hunter Biden's fake account was in the 20,000. Maybe he was never into using Cyprus banks, or that his account avoided the cleansing.
Any of this reported to IRS? No, but they might now be interested.
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