Yellen must provide info on Hunter Biden’s shady foreign business deals: GOP Rep. Comer

ByLaquita Margaret

Jul 13, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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A major Property Republican is demanding Secretary of the Treasury Janet Yellen present information and facts about the Hunter Biden’s suspicious overseas enterprise dealings, even though accusing the Biden administration of stonewalling Republicans as they carry out an investigation.

Biden has been below federal investigation for his tax affairs predicated by suspicious foreign transactions considering that 2018, and President Joe Biden has repeatedly denied talking about Hunter’s enterprise ventures with him.

Rep. James Comer, R-Ky., who serves as the position member on the Dwelling Oversight Committee, wrote a letter to Yellen Wednesday demanding information about shady business enterprise dealings conducted by Hunter Biden, his associates, and other Biden relatives users, which have been flagged and reported by U.S. banking companies.

Comer previously attained out to Yellen at the conclude of May well, building a identical ask for for the stories by the financial institutions, of which he claims went unanswered.

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Hunter Biden goes to lunch with his daughter Maisy Biden in Malibu, California, Tuesday, June 7, 2022.
(RMBI/Backgrid)

“On Might 25, 2022, I wrote to you requesting information concerning Hunter Biden and other Biden associates and spouse and children members’ economical transactions flagged by U.S. banking companies for reporting to the Economic Crimes Enforcement Network (FinCEN) by Suspicious Activity Stories (SARs),” states Comer.

“The Biden Administration is restricting Congress’ entry to SARs, and Committee Republicans are investigating regardless of whether this transform in longstanding plan is motivated by endeavours to defend Hunter Biden and probably President Biden from scrutiny,” Comer continued, noting that the secretary did not comply with a June 8 deadline for data.

Comer also accuses the administration of thwarting congressional oversight, referencing a Wall Street Journal article that he states is made up of phony data – that Treasury has manufactured the asked for SARs accessible to Republican staff.

“It is troubling that the Biden Administration is willing to offer a bogus story to the media to generate the look of transparency even though continuing to thwart congressional oversight,” Comer fires again in the letter.

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The letter ongoing: “Treasury’s actions get in touch with for investigation and increase new queries about the diploma to which the Biden Administration is applying the federal federal government to offer include for the Biden household and its associates … The American people are entitled to to know whether the President’s connections to his son’s small business promotions occurred at the cost of the United States’ pursuits and no matter whether they characterize a nationwide security threat.”

Rep. James Comer wrote a letter to Treasury Secretary Yellen Wednesday demanding details about business dealings conducted by Hunter Biden, his associates and other Biden family members that have been flagged and reported by U.S. banks.

Rep. James Comer wrote a letter to Treasury Secretary Yellen Wednesday demanding information about business dealings done by Hunter Biden, his associates and other Biden household associates that have been flagged and claimed by U.S. banking companies.
(Tom Williams/CQ-Roll Contact, Inc by means of Getty Photos/Pool)

Fox News Digital has documented that Hunter Biden’s longtime business enterprise lover, Eric Schwerin, frequented the White Property at least 27 times when President Biden was serving as former President Barack Obama’s vice president. 

In addition, Hunter Biden and Schwerin’s private equity business experienced a monetary stake in a firm run by Francis “Fran” Person, a longtime Biden aide, and a Chinese government with ties to officers at some of the optimum degrees of the Communist Celebration of China.

As a result, on behalf of the Oversight Committee, Comer sent letters to a handful of U.S and overseas banking institutions in May possibly trying to find info on no matter if the Biden loved ones “offered access” into the best tier of the government to enemies of the United States.

Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington, Sept. 30, 2021.

Treasury Secretary Janet Yellen attends the Home Economic Solutions Committee listening to in Washington, Sept. 30, 2021.
(Al Drago/Pool by way of Reuters/File)

An aide for Comer advised Fox News Electronic that the committee has not yet acquired any responses from the banks, which have reported they are unable to comply without a subpoena.

Fox News 1st described in December 2020 that Hunter Biden was a matter/concentrate on of the grand jury investigation, a properly-placed authorities supply told Fox Information. According to the source, a “goal” signifies that there is a “significant probability that human being committed a crime,” while a “topic” is someone you “really don’t know for positive” has fully commited a crime.”

A resource familiar with the investigation stated the SARs had been pertaining to resources from “China and other international nations.”

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A spokesperson for the Treasury Division informed Fox Information Digital that the company has designed SARs available just after committee requests and is “not a political approach”

“Treasury presents SARs to Congress in a manner that enables strong oversight and that is constant with how other delicate legislation enforcement info is normally generated. It is not a political process. Because the starting of this Administration, Treasury has made SARs readily available in response to authorized committee requests and carries on to interact on the system with any particular person users searching for details.”

Fox News’ Brooke Singman, Cameron Cawthorne and Joe Schoffstall contributed to this report.

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