A high-stakes congressional investigation into the Biden family's financial dealings has uncovered intricate business connections spanning multiple countries and entities.
According to the New York Post, Republican Representative James Comer's new book reveals that nearly $30 million was funneled into Biden family accounts through what he describes as the exploitation of the "Biden Brand."
The year-long probe by the House Committee on Oversight and Government Accountability traced complex financial transactions involving Hunter Biden and James Biden, the president's son and brother, respectively. The investigation discovered 170 Suspicious Activity Reports (SARs) filed by six different banks, along with 20 previously unknown shell companies controlled by Hunter Biden.
Comer's investigation faced significant resistance when attempting to access crucial banking records. Treasury Secretary Janet Yellen delayed the committee's request to view the SARs for two months. When access was finally granted, the team encountered peculiar circumstances, including non-functioning elevators during their visit to the Treasury Department building.
The banking records revealed transactions from various international sources, including Chinese, Ukrainian, Romanian, and Kazakh entities. Hunter Biden received over $5 million from Burisma Energy Company in Ukraine between May 2014 and April 2019 for what Comer describes as a "fanciful board position."
The investigation uncovered specific transactions, such as a $142,000 wire transfer from Kazakh businessman Kenes Rakishev to Hunter Biden for a Porsche purchase. This transaction coincided with Joe Biden, then vice president, dining with Rakishev in Washington at Hunter's request.
The probe detailed dealings with CEFC, a Chinese energy and finance company linked to the Chinese Communist Party. A crucial piece of evidence emerged from a July 30, 2017, WhatsApp call where Hunter Biden demanded a $10 million payment while claiming his father was present.
The financial trail showed that on August 8, Northern International Capital, a CEFC affiliate, transferred $5 million to Hudson West III, a joint venture between Hunter Biden and CEFC associate Gongwen Dong. The money then moved through various entities, ultimately resulting in a $40,000 check to Joe Biden marked as "loan repayment."
Comer writes in his book:
I can honestly say that I do not know of one single legitimate business that the Bidens owned or operated.
The investigation suggests Joe Biden's direct involvement in his family's business dealings, despite his previous denials. Recently released National Archives photos show Joe Biden introducing Hunter to Chinese leader Xi Jinping during a 2013 state visit to China.
Former Hunter Biden business associate Jason Galanis testified from prison that the first son's primary goal was to generate billions for the family. The investigation also revealed Joe Biden's speeches in Romania and Ukraine addressing corruption while his family allegedly participated in business dealings in these countries.
According to Comer: "Later, Biden added his famous line 'son of a b—ch, they fired him!'" The statement refers to Biden's admission at the Council on Foreign Relations about threatening to withhold $1 billion in US loan guarantees unless Ukraine fired prosecutor Viktor Shokin, who was investigating Burisma.
Representative James Comer's investigation into the Biden family's financial dealings has revealed an extensive network of international business transactions totaling approximately $30 million. The probe uncovered numerous suspicious bank reports, shell companies, and international connections involving Hunter Biden, James Biden, and allegedly President Joe Biden himself. These findings, detailed in Comer's upcoming book, suggest the systematic use of the "Biden Brand" to generate wealth through various international business dealings, particularly in Ukraine, China, Romania, and Kazakhstan.
