Oversight Committee, Chairman Comer, expose Biden family's use of multiple shell companies to disguise foreign sources of money

July 19, 2023
Ben Marquis

The House Oversight Committee led by Chairman James Comer (R-KY) has spent several months closely investigating President Joe Biden and his family and now believes they have discovered substantial evidence to support allegations of corrupt influence-peddling.

That includes the creation of more than 20 different limited liability corporations used as shell companies to disguise the millions of dollars members of the family received over the years from various foreign sources, Breitbart reported.

In a recent interview with Fox Business host Maria Bartiromo, Comer shared some of what the committee had learned ahead of hearings this week with multiple whistleblowers and seemed to suggest that those hearings could confirm that the Biden family was engaged in federal crimes like money laundering, wire fraud, acting as unregistered foreign agents, and tax evasion, among others.

Multiple shell companies used to disguise payments received from foreign sources

During the weekend interview with Bartiromo, Comer said, "We found all these shell companies that make absolutely no sense. I don’t believe they have paid a penny of revenue -- a penny of taxes on most of this millions of dollars they received from our adversaries around the world."

"Then the question is, what did they do to receive this money? How did they list that on their taxes? Is it a service they provided? Is it a capital investment? We don't know," he continued.

"This should be a good substantive committee hearing that will allow us to move forward in the deposition process when we bring these individuals that were helping the Bidens funnel and launder this money," Comer added in reference to impending transcribed interviews with Biden family business associates. "We will be able to ask them specific questions about specific transactions."

With regard to the upcoming hearing involving a pair of IRS whistleblowers who were involved in the allegedly stymied investigation of Hunter Biden, Comer said, "I think we’re now at the phase of the investigation where we’ve accumulated enough bank records to where we can ask these IRS employees specific substantive questions."

He went on to specifically alleged that, while Joe Biden served as vice president, his family received more than $1 million from a known corrupt business associate in Romania, which was funneled through an assortment of the family's shell companies, for no clear reason. "And they you throw in Ukraine, you throw in Russia, you throw in China -- and then we haven't even gotten to the Middle East and Africa yet," he said. "This family has influence-peddled and put the Bidens first and America last."

Oversight Committee's timeline of Biden family's corrupt influence-peddling

On Tuesday, the Oversight Committee released a timeline it had created of "significant dates" that began during the Obama administration and included "when then-Vice President Biden traveled to Ukraine, Romania, and China on official business and Biden family influence peddling schemes in those countries."

"President Biden has repeatedly denied knowing anything about his family’s business dealings despite evidence to the contrary," the committee asserted. "The timeline contains important dates as to when Joe Biden knew and lied to the American people about his family’s business schemes."

The release further outlined the creation of more than 20 shell companies, most of which were LLCs, created while Biden was vice president that, in conjunction with other shell companies owned by domestic and foreign business associates, were used to facilitate and conceal the origins of millions of dollars in transactions that were funneled incrementally to members of the Biden family.

It further highlighted, as Comer did in his interview with Bartiromo, how that included Chinese companies linked to the Chinese Communist Party as well as Chinese intelligence services and military, as well as transactions with a know corrupt Romanian businessman while Biden himself publicly spoke out against Romanian corruption.

The release also made reference to an unclassified FBI document containing allegations from a credible and trusted source that Joe Biden himself demanded and received a $5 million bribe from a top executive at Burisma in Ukraine -- which it appears the FBI did nothing to address despite receiving the information several years ago.

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