Corruption Concerns Mount as Hunter Biden's Artwork to Go on Sale for Up to Half a Million Dollars Per Painting- Corruption Concerns Mount as Hunter Biden’s Artwork to Go on Sale for Up to Half a Million Dollars Per PaintingHunter Biden
"President Joe Biden’s
scandal-plagued son Hunter Biden is reportedly now engaged as a “full-time artist” and is working with Soho art dealer Georges Bergès to hold an exhibition in New York in the coming months, with prices for Hunter’s artwork ranging from $75,000 to $500,000, according to
Artnet.
...Schweizer suspects Hunter’s latest venture could potentially be
another form of pay-for-play for the Biden family....
Money laundering in the art world has been identified as an issue, as
detailed by a bipartisan Senate investigation last year:
The Senate report details how a pair of Russian oligarchs with ties to Russian President Vladimir Putin allegedly seized on the
secrecy of the art industry to evade sanctions by making more than $18 million
in high-value art purchases.
...The Rotenberg example and many other investigation details highlight the fact that, unlike selling stock or making routine bank transfers,
- art sales through auction houses are not subject to anti-money laundering provisions in the Bank Secrecy Act.
- When art is sold, according to the report, sellers are not required to confirm the identity of the buyer nor to make sure the artwork isn’t being used to launder dirty money...Read all.