DONALDS: “That is the entire purpose here. Here’s an example of what I mean. You have Rosemont Seneca Partners, Rosemont Seneca Advisers, Rosemont Seneca Technology Partners, RSP holdings, RSTP Alpha, RSTP 2 Bravo Rosemont Seneca Thornton, Rosemont Seneca Bohai, I want to make sure I pronounced it right. Bohai — B-O-H-A-I. And the list goes on and on. Cycling through this many companies serves no legitimate purpose. And as somebody who actually worked in banking, I did that long before I came here, whenever there was like this, many companies just laying all over the place, and you see wire transfers, cashier checks over here, going to random members of the family for no apparent purpose, at the size and velocity at which all of this was being conducted, the only logical conclusion of a financial professional is you are concealing money. Let me restate this, you are concealing money from either the IRS or from credit agencies or from other people in general. That’s the only reason you set up a structure like this. Some of these companies were connected to Hunter’s, personal professional company, Owasco or [indecipherable], however you want to pronounce it. And the list goes on and on. And Mr. Biggs, he talked about Hudson West III and some of those other issues that were going on as well. One thing I want to make sure is that all of this has happened and Joe Biden is aware, nobody in this room can logically sit here and say that the president of the United States had no idea that these companies were being formed while he was vice president of the United States. And I will add you he was in probably a better mental shape than than he is today. You know, I’ll throw that out there. And so what this committee —“

[If the Bidens had rational value to trade for all that cash, they wouldn’t need the shell companies. And if they did trade rational value rather than influence for those millions of dollars, what exactly was it? There would be receipts and other documentation identifying goods and legit services. — Ed]