House Oversight Committee Chairman James Comer provided an update on the Committee’s investigations into the Biden family, stating that they have subpoenaed bank records from President Joe Biden’s brother, James Biden.
Comer expressed concerns about potential securities fraud involving James Biden’s role at Americore Health LLC and discussed numerous suspicious activity reports filed against the Biden family by multiple banks.
“We’ve been able to subpoena his bank records,” Comer said. (Trending: Bud Light Gets Bad News Ahead of Christmas)
“And I can tell you, there’s a lot of questions we have for James Biden. That’s why he received a subpoena.”
“We know from court records, this Americore Health is in federal bankruptcy court,” he said.
“They obviously have accused Jim Biden of a lot of things so this is all public record. And it shows that it wasn’t just Hunter Biden, this was the whole Biden family.”
He highlighted the Committee’s findings related to shell companies and raised questions about financial transactions involving the Bidens, particularly those from China.
“So, shell companies, they’re not real businesses,” Sen. Ted Cruz noted.
“This is not a dry cleaner. This is not a gas station. They’re no employees, they’re no paychecks.”
“They’re not a business in any sense. This is a legal entity, and it’s a legal entity created to send money to, and it’s what is often used for money laundering.”
“It’s what’s often used to hide the source of the money.”
Comer noted that the Biden family has had “170 suspicious activity reports” filed in regard to their accounts, which he labeled as “unprecedented.”
“I was the director of a bank for over a decade, never has anyone received more than one or two that was affiliated with my bank,” he said.
“And the fact that this family got 170, from six different banks, on dozens of different accounts showed that there’s something bad going on here, because the banks are notifying the Treasury [that they] believe the vice president’s family are involved in some type of fraud.”
“The bank examiner said, wait a minute, you [said] this account is pretty much dormant,” Comer said. “We don’t know what this company is, all we know is that the president’s son owns it. He got a $5 million wire from China.”
Apparently the Bidens said that the money was a loan, which the bank found suspicious.
“No one would loan anyone $5 million without having some type of loan documentation,” Comer said. “So, then he said, we fear this could be a bribe, because we know China influences politicians through vulnerable family members. And we’ve seen in the news where his ex-wife said he was on drugs, he was in financial trouble. We believe this could be a real national security threat. So that’s as serious of an email I’ve ever seen from a major bank examiner.”
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