The House Oversight Committee is taking a closer look into the Biden family’s financial records, with four major U.S. banks and one individual having been subpoenaed for information. This probe is being led by Chairman James Comer (R–KY) to investigate nine violations, including money laundering and wire fraud.
House GOP subpoenas banks seeking Biden family financial records…
The committee has ordered that Bank of America, Cathay Bank, JPMorgan Chase, and HSBC USA N.A. provide them with the relevant information.
They also issued a subpoena to Hunter Biden associated Mervyn Yan. pic.twitter.com/Wgmkd2asJH
— Shorty (@Shorty56167141) April 8, 2023
The Bank of America, Cathay Bank, JPMorgan Chase, and HSBC USA N.A. have been targeted by Comer and Mervyn Yan, a former Biden business associate, was also subpoenaed. Yan was involved in the $1 million retainer Hunter Biden received representing a CEFC official as an attorney, and had sent the wire transfer to Hudson West III LLC, an entity James and Hunter controlled.
The investigation has also gained access to Suspicious Activity Reports (SARs) from the U.S. Treasury. According to a 2020 Senate report, SARs “often contain evidence of potential criminal activities, such as money laundering and fraud.” The committee revealed in March the Biden family received a collective $1.3 million cut in 2017 from a Biden family business associate, who was sent a $3 million wire transfer from CEFC. Joe Biden falsely denied his knowledge of this.
Peter Schweizer’s books, Secret Empires and Profiles in Corruption, and Emma–Jo Morris’s investigative work at the New York Post on the Hunter Biden “laptop from hell”, have provided evidence into the Bidens’ vast and lucrative foreign deals and cronyism. These findings are what has led to Comer’s probe.
I think we can all agree that someone needs to be held accountable for their shady financial dealings. Comer’s investigation is the only way to make that happen, and his subpoenas and SARs are the only way to get to the bottom of this scandal. The American people deserve to know the truth and Comer is determined to uncover it.
BREAKING: The House Oversight Committee has just issued subpoenas to several banks asking for @JoeBiden family associates' financial records. The Oversight Committee subpoenaed Bank of America, Cathay Bank, JPMorgan Chase, HSBC USA N.A., and former Hunter Biden business associate… pic.twitter.com/hAa24xn1c6
— Simon Ateba (@simonateba) April 7, 2023