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Glenn Beck unveils money laundering scheme linked to Hunter Biden and Burisma
Image source: BlazeTV video screenshot

Glenn Beck unveils money laundering scheme linked to Hunter Biden and Burisma

This provides context to President Trump's discussions last year with the president of Ukraine

In a Thursday night special, BlazeTV host Glenn Beck laid out the evidence implicating a possible international money laundering scheme linked to Ukrainian gas firm Burisma and former Burisma board member Hunter Biden.

The links provided by Beck show that $1.8 billion in U.S. taxpayer dollars sent to Ukraine during the Obama administration is unaccounted for — and raises the question: Why hasn't Congress launched an investigation into how those funds were spent?

What are the details?

During the special, Beck explained that in 2014, $23 million was sent to a bank in London via wire transfer by Mykola Zlochevsky, the head of Burisma. British authorities immediately froze the accounts and began tracing the funds back to their origins.

According to Beck, the evidence suggests that the money had been laundered through the minimally regulated Latvian banking system and transferred into an array of shell companies.

"Not only did Biden not seem to care about his new company being investigated for stealing and laundering money," Beck said, "he also apparently didn't mind that the primary owner of Burisma [Valeriyovych Kolomoyskyi] was on a U.S. visa ban list for — get this — murders and beheadings."

A few weeks after Burisma was implicated in a money laundering ring, Hunter Biden became a board member, and within a few months, then-Vice President Joe Biden and Secretary of State John Kerry lobbied for $1.8 billion to be delivered into PrivatBank — which was owned by Kolomoyskyi and became Ukraine's state bank.

That $1.8 billion is still missing and could have gone anywhere — possibly into Kolomoyskyi's own pocket, or possibly spent in whole or in part to bankroll Ukraine's war with Russia, given that the oligarch was known for "bankrolling" the conflict. But if the funds were used to fund a war with Russia, those taxpayer dollars were not authorized by Congress.

The International Monetary Fund has also been investigating corruption and money laundering in Ukraine, and in 2016, the Ukrainian government finally seized PrivatBank from Kolomoyskyi for enriching himself off of IMF loans.

On September 10, 2019, the IMF informed the White House Budget Office that there was an "obligating event" that needed to occur in order for Ukraine to receive further IMF funds.

On Sept. 11, police special forces raided PrivatBank, seizing documents and evidence needed to investigate the scheme. The same day, President Donald Trump released military aid to Ukraine.

"Trump wanted a public announcement of 'investigations,' and everyone assumed that he meant an interview on CNN," Beck said. "I'd say a special forces daylight raid on Ukraine's biggest and most corrupt bank is one hell of a public announcement."


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