A new Hunter Biden scandal? House Oversight Committee Chair James Comer (R-KY) has revealed his intention to release further bank records related to the Biden family later this week.
In a recent social media update, Comer asserted, “This week, I am poised to unveil an additional set of Biden family bank records. Unlike the claims made by Democrats, bank records provide an unfiltered account of financial transactions.”
As discussions around the Republican-led inquiry into the Biden family’s business dealings persist, this forthcoming release marks the third instance since the Republican party regained control of the House.
Earlier this year, Comer disclosed that three members of the Biden family collectively received $1.3 million through a bank transfer facilitated by a Biden associate from a Chinese energy corporation. The transaction occurred a mere two months following Joe Biden’s departure from the vice-presidential position.
A Family Affair
In May, Comer shed light on the Biden family’s involvement in business ventures in Romania and China, purportedly yielding a minimum of $10 million. The funds were allegedly linked to influence-peddling activities. Additionally, nine members of the Biden family, including two of Joe Biden’s grandchildren, received monetary gains from these overseas business endeavors.
During an appearance on the Verdict with Ted Cruz podcast, Comer outlined the involvement of multiple financial institutions flagging over 170 “large” transactions through Suspicious Activity Reports (SARs) to the treasury. This disclosure, which exceeds prior knowledge by 20 flagged transactions, is crucial considering that SARs often provide insight into potential illicit financial activities, such as money laundering and fraud, according to a 2020 Senate report.
Comer stated, “We are expecting a fresh influx of bank records this week, amounting to over $10 million. I anticipate the total figure to range between $20 and $30 million.”
Comer also claims the Biden family might have established more than 20 shell companies to obscure transactions and facilitate money laundering. “The act of establishing a network of shell companies solely for the purpose of money laundering fits the definition of racketeering,” he remarked.
Georgia Gilholy is a journalist based in the United Kingdom who has been published in Newsweek, The Times of Israel, and the Spectator. Gilholy writes about international politics, culture, and education.