According to House Oversight Committee Chair James Comer (R-KY), the Biden family established more than 20 shell companies to conceal payments and engage in money laundering. Comer disclosed that after examining Suspicious Activity Reports (SARs) at the Treasury and issuing subpoenas to banks and individuals, it was discovered that the Biden family had created over 20 entities to receive, transfer, and collect payments from various business partners.
In an interview with Fox News, Comer expressed his astonishment at the presence of these seemingly inexplicable shell companies. He expressed doubt that the Bidens had paid taxes on the millions of dollars they received from foreign adversaries around the world.
In March, the committee unveiled that the Biden family’s business had received over $10 million over several years through business schemes in Romania and China, indicating potential influence peddling. For instance, SARs obtained by the committee revealed that a Biden associate named Rob Walker received a $3 million wire transfer from CEFC China Energy Co. In turn, four members of the Biden family—Hunter, James, Hallie, and an unidentified individual named “Biden”—received a combined $1.3 million portion from this wire transfer.
Breitbart News reported that the Biden family business received a total of $5.1 million shortly after Hunter Biden’s correspondence with CEFC, utilizing multiple accounts such as Owasco and Hudson West III LLC. Comer raised concerns about how these transactions were reported for tax purposes, questioning whether they were categorized as a provided service.
Going forward, Comer’s committee plans to depose associates of the Biden family business in the upcoming weeks and months. In early July, Comer announced that Devon Archer, one of Hunter Biden’s close associates, would be the first individual to be deposed to unravel the international business schemes of the family.
Archer, who served alongside Hunter Biden on the board of Ukraine-based energy company Burisma in 2014, was previously involved in defrauding a Native American tribal entity and was ordered by the court to pay a judgment of over $43 million to the victims.There have been allegations that Mykola Zlochevsky, the executive of Burisma, bribed both Hunter and Joe Biden with $5 million each.
Comer emphasized that the forthcoming depositions would be supported by the recent public testimony of IRS whistleblowers, who made serious allegations against Hunter Biden, the Justice Department, and President Joe Biden. The accumulation of sufficient bank records has enabled Comer’s committee to pose detailed questions to these IRS employees.
Among the allegations made by the whistleblowers were claims that Assistant U.S. Attorney Lesley Wolf prevented investigators from inquiring about Joe Biden’s involvement as “the big guy.” Wolf allegedly restricted the scope of the investigation by blocking questions related to “the big guy,” despite evidence of Joe Biden’s complicity. The whistleblowers also asserted that Rob Walker mentioned Joe Biden’s presence at a meeting with CEFC and family associates.
Comer expressed confidence that the upcoming committee hearing would facilitate substantive progress in the deposition process, allowing them to question individuals assisting the Bidens with funneling and laundering money. The committee aims to acquire specific information about the transactions through these interrogations.