The House Oversight Committee confirmed Friday afternoon that four major U.S. banks and one individual belonging to the Biden family received subpoenas for financial records.
This revelation provides insight into the path House Oversight Committee Chairman James Comer (R-K.) is taking to investigate the Biden family for nine offenses involving money laundering and wire fraud. provide. His investigation includes issuing subpoenas, requesting interviews from Biden business associates, and interviewing whistleblowers.
Bank of America, Cathay Bank, JPMorgan Chase and HSBC USA NA are among the banks from which Comer extorted information, Fox News confirmed. In addition, former Biden business associate Marvin Yang was also subpoenaed.
Yan was an official at CEFC China Energy Co. and was involved in a $1 million retention received by Hunter Biden on behalf of CEFC officials as attorney. CEFC also negotiated a joint venture with Mr. and Mrs. Biden where the “big guy” would get a 10% stake in him.
In March 2018, James Biden said, legal services Provided CEFC “wire transfer instructions” to make payments and transfer funds to Hudson West III LLC, an entity controlled by James and Hunter.
“I have received it. I will respond as soon as possible.” Yan answered return. The wire transfer went through the next day.According to his 2020 report for Sen. Chuck Grassley (R-Iowa), Cathay Bank received Funding from HSBC USA NA
Yang, however, became suspicious that Hunter was not being forthright about the additional business expenses and demanded receipts. In November 2018, “Yan signed documents dissolving Hudson West III LLC on November 2, 2018.” washington post report.
Yang, who has certain financial information about the Biden family, appears to be a prime target for the Kummer investigation.
Comer’s investigation is progressing. In March, Comer filed a subpoena with Bank of America seeking “all financial records” of three Biden family business associates involved in a 14-year deal with CEFC China Energy from 2009. I heard the news that you asked for it.
Comer coerced Bank of America into complying with his demands, but after months of hard work, he also obtained access to Suspicious Activity Reports (SARs) from the U.S. Treasury Department. According to the 2020 Senate reportSARs “often contain evidence of potential criminal activity such as money laundering and fraud.” said 13 banks were involved in reporting suspicious activity:
From the SAR, the commission revealed in March that the Biden family received a total of $1.3 million in cuts in 2017 from business associates of the Biden family who were sent a $3 million wire transfer from CEFC. Hunter admitted to paying $1.3 million to China, which Joe Biden falsely denied.
“It’s not true,” Joe Biden told reporters.
In 2018 and 2020, Breitbart Senior Contributor and President of the Government Accountability Institute Peter Schweitzer secret empire and Broken profile. Each book is new york times It hit the bestseller list after Hunter and Joe Biden flew to China aboard Air Force Two in 2013, before Hunter’s company signed a $1.5 billion deal with the Chinese government’s Bank of China subsidiary. Schweitzer’s research also revealed other large and lucrative foreign deals and cronyisms of the Biden family.
Breitbart Political Editor Emma Joe Morris new york post In Hunter Biden’s “Laptop From Hell,” Joe Biden appeared to be closely involved in Hunter’s business, which also garnered international headlines when she revealed, along with Miranda Devine. bottom. Ten Investing in companies founded by descendants with top officials of the Communist Party of China.
Follow Wendell Husebo twitter @WendellHusebø.he is the author of The Politics of Slave Morality.
