Oversight Committee Now Examining Biden Bank Records
It was in January that Kentucky Rep. James Comer, Chairman of the House Oversight Committee, first requested that the Treasury Department turn over the 150-plus Suspicious Activity Reports (SARs) from bank records relating to Hunter Biden. In response, he was told he hadn’t specified a purpose for this information. That bought Treasury some time, while Comer did as they asked and supplied the specific legislative purpose for looking into these records. After more delay — they wouldn’t even attend a committee hearing last Friday — the Oversight Committee finally threatened to conduct a transcribed interview under penalty of perjury with a Treasury Department official about the content of the records and why they were dragging their feet. That did it, and Treasury came around on Monday.
On Tuesday, the committee announced that permission to look at these had finally been granted, tweeting:
@US Treasury is finally providing access to the suspicious activity reports for the Biden family & their associates’ business transactions. We’ll continue to follow the money trail to determine the extent of the Biden family’s influence peddling.
Note that they don’t say “determine if there was influence peddling.” We already know there was; now we need to know the “extent” of it.
Chairman Comer Undeterred by Treasury Department Stall Tactics
It appears the Treasury Department had anticipated a congressional investigation into the Bidens’ finances, because they changed a rule to allow them to limit the ability of minority party members to request SARs. (Republicans were in the minority in the House until January of this year.) For over 20 years before that rule change, members of Congress had had access to SARs. But Comer, then the ranking member on the committee, was undeterred. In July of last year, Comer accused them of putting up this roadblock specifically to stop them from investigating the Bidens’ business affairs.
We are going to continue to use bank documents and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business schemes, if Joe Biden is compromised by these deals, and if there is a national security threat, Comer said. If Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance.
The best tool turned out to be the ballot box, because now that the House is majority-GOP, the Treasury Department is out of options and must comply.
The Daily Caller notes that even FBI Director Christopher Wray testified in August of 2022 that large payments to “politically exposed” people (such as Hunter Biden) can be part of “malign foreign influence campaigns.” Those words might come back to haunt him if the ‘Justice’ Department is pressed to act on them in Hunter’s case.
The Foreign Money Train
Comer has already announced a big finding: that the Biden family received a $3 million wire transfer made to Hunter business associate Rob Walker from CCP-tied Chinese energy company CEFC two months after then-Vice President Joe Biden’s term of office ended. Soon after that, more payments of hundreds of thousands of additional dollars were made to members of the Biden family.
No one seems to know what these family members did to warrant that kind of compensation. But CEFC was apparently the gravy train. As Breitbart reports,
The Biden family had previously negotiated a deal with CEFC from which Joe Biden (Big Guy) would receive a 10 percent equity stake in the joint venture with Hunter’s former business partner Tony Bobulinski. In 2017, Hunter earned a $1 million retainer from the company’s chairman, Ye Jianming. Hunter also received a large diamond from Ye worth an estimated $80,000 in February 2017.
The SARs should also reflect the money paid to Hunter and James Biden for their work with corrupt Ukrainian energy company Burisma. Breitbart has details.
The Biden Family Enterprise
Comer also revealed that yet another Biden family member has apparently profited from the foreign money train, as one of three Bidens who received a “cut” of the wire transfer to Rob Walker. As of this writing late Wednesday, he still hasn’t named this family member and has not announced any specific plans to do so. He said the $3 million transfer was “just the first wire that we’ve actually been able to obtain records on. There are many, many more.”
So, if suspicions are correct, this isn’t just about Hunter — it’s a family enterprise. And the money appears to have gone directly into their personal accounts, not business. Comer’s theory, he says, is that the Biden family was running an influence-peddling operation, and it seems they weren’t even properly registered as foreign agents, as you’d think would be important for relatives of the Vice President.
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The New York Post goes into some detail about the members of the Biden family who were or who might have been part of the scheme — we’ll let them do the speculating — quoting from investigative journalist Peter Schweizer’s ever-more-timely 2020 book Profiles in Corruption: Abuse of Power by America’s Progressive Elite.
“This just shows how deep the Biden family was involved in this influence-peddling scheme,” Comer said to Laura Ingraham on Wednesday evening. (It was on Wednesday that Oversight Committee staff went to the Treasury Department for their first ‘in camera’ look at the SARs.) “What we don’t know is what the purpose of the money was…Everyone says, it was for an energy deal. Well, it looks to me like these people who were closely aligned with the Chinese Communist Party sent $3 million to a shell corporation, and they turned around and split it three ways…”
The payment was made “for no apparent reason,” he said, and instead of investing it in a business, the Biden family members appear to have “just stuck it in their pocket.”
“This is just one transaction,” he said to Laura. “We are on the hunt for about a dozen more just like this one.” He told her it’ll probably turn out that “six or seven” Bidens “were involved in various business schemes around the world,” and that there is “no explanation” for why they’ve received so much money from our adversaries.
This ‘Stinks to High Heaven’
And considering all the money we’re sending to Ukraine — this seeming obsession of Biden and the current “as long as it takes” (!) mentality — the significance of the payments from that part of the world seems greater than ever.
The whole Burisma thing stinks to high heaven, Comer said, speaking of no-experience Hunter’s highly-paid position on the Burisma board. And it’s ironic that Jamie Raskin, my counterpart on the Oversight Committee, led the impeachment of Donald Trump for a supposed quid pro quo with Ukraine when everything that I’m researching shows that the quid pro quo was Joe Biden, holding up the foreign aid to Ukraine during the Obama administration in exchange for the termination of that special prosecutor who was investigating corruption within Burisma, the company that the then-Vice President’s son sat on the board of.
The committee is following the money, he said, looking at the “first set” of bank records and starting to look specifically at the banking violations — 150 of them from at least 13 different banks!
Of course, all this will be studiously ignored by most major media, who will try to bury it just as the ‘Justice’ Department appears to be burying the whistleblower report of Hunter associate and CEFC adviser Gal Luft, who says he’s ready to “name names” and that he first provided information about Hunter, Joe and Jim Biden to the DOJ in March of 2019. (That was even before the FBI had Hunter’s laptop.) From all appearances, the DOJ is where incriminating evidence against anyone named “Biden” goes to die.
Mike Huckabee is the former governor of Arkansas and longtime conservative commentator on issues in culture and current events. A New York Times best-selling author, he hosts the weekly talk show Huckabee on TBN.
Originally published at MikeHuckabee.com. Reprinted with permission.