According to James Comer (R-KY), chair of the House Oversight Committee, the Biden family opened up over 20 shell corporations to conceal payments while laundering money.
Comer revealed on Twitter that the Biden family established over 20 organizations to accept, transmit, and collect funds from a variety of business partners after analyzing the suspicious activity reports (SARs) from the Treasury and also subpoenaing banks and individuals as well.
Comer stated to Fox News, “We found many of these shell companies that definitely don’t make any sense. On the majority of the millions of cash they collected from our enemies throughout the world, I do not think they ever paid one cent of revenue, not a penny in taxes.”
The committee reported in March that over a period of several years, the Biden family firm collected over $10 million from commercial ventures in China and Romania in exchange for what looks to be influence peddling.
For instance, SARs reviewed by the committee showed Rob Walker, a Biden associate, had received a $3 million wire transfer through CEFC China Energy Co. Hunter, Hallie, James, and an unknown “Biden” were the four Biden family members that received a combined $1.3 million portion of the $3 million wire transfer.
According to Breitbart News, the Biden family firm received an overall total of $5.1 million through many accounts, which included Owasco and Hudson West III LLC, within a few days of Hunter Biden’s communications to CEFC.
“How were these items listed on their taxes?” Comer was prompted. “Is it a service that they offered?”
Comer’s committee will start removing business associates of the Biden family in the upcoming weeks and months. Early in July, Comer stated that Devon Archer, who was one of Hunter Biden’s closest allies, was going to be the first member to be removed in order to expose the family’s elaborate worldwide business machinations.
The “best friend in business” of Hunter Biden, Archer, found himself in hot water in 2022 after committing fraud against a Native American tribal organization. He was mandated by the court to pay the victims $43,954,416.75 in damages. Before his arrest, Archer was a member of the board of Burisma, a Ukrainian energy firm, where Hunter and Joe Biden were reportedly bought with $5 million each by Mykola Zlochevsky, the company’s leader.
Comer said that the IRS whistleblowers’ public testimony this week, which exposed at least 13 severe claims against Hunter Biden, the Justice Dept., and President Biden, will support future depositions.
We’ve gathered enough bank information at this point in the inquiry to be able to ask these IRS personnel specific, in-depth questions, Comer said.
“When we bring in the people who were assisting the Bidens in fusing and laundering this money,” Comer said, “This should constitute a good substantive committee hearing which will enable us to keep moving forward with the deposition process. We will also be able to interrogate them specifically about particular transactions.”