House Oversight Committee Chair James Comer (R-KY) has reported that an investigation of Suspicious Activity Reports (SARs) at the Treasury and subpoenas from banks and individuals have revealed that the Biden family has established more than 20 shell companies. These entities are allegedly being used to accept, forward, and collect payments from a variety of business associates.
“We found all these shell companies that make absolutely no sense,” Comer told Fox News. “I don’t believe they have paid a penny of revenue, a penny of taxes on most of the millions of dollars they received from our adversaries around the world.”
The committee recently disclosed that the Biden family has been involved in numerous business dealings over the past few years, resulting in them receiving an estimated $10 million from schemes located in Romania and China.
Evidence obtained by the committee revealed a connection between Biden associate Rob Walker and CEFC China Energy Co., whereby a $3 million wire transfer was sent to him, with four members of the Biden family – Hunter, James, Hallie, and another individual listed as “Biden” – collectively receiving $1.3 million from it.
The Biden family business received a total of $5.1 million within days of Hunter Biden’s messages to CEFC through multiple accounts, including Owasco and Hudson West III LLC.
“How did they list this on their taxes?” Comer questioned. “Is it a service they provided?”
A Republican-led committee is set to begin deposing associates of the Biden family in the coming weeks and months.
Devon Archer, an associate of Hunter Biden, will be the first member to be deposed in an attempt to uncover any international business schemes.
Archer had previously served on the board of Burisma, a Ukraine-based energy company, with Hunter Biden in 2014. His involvement with this company led to legal trouble and he was ordered to pay a $43 million judgment for defrauding a Native American tribal entity.
Recently, IRS whistleblowers testified publicly about 13 serious allegations against Hunter Biden, the Justice Department and President Joe Biden.
A recent survey
shows just how bad things are getting for the Biden Regime and its reputation with the American people.