The House Oversight Committee has escalated the fight against the Biden Family. It did so by turning the screws on one of the major banks involved with the Biden family, subpoenaing the Bank of America for the financial records of three Biden family business associates. This is the first known action by the House Oversight Committee to compel information regarding its investigation of whether communist China compromised President Joe Biden.
This subpoena demanded “all financial records” on three of the Biden family business associates involved in the CEFC China Energy Co. deal. Breitbart, reporting on that deal, noted that “The Biden family had previously negotiated a deal with CEFC from which President Joe Biden (Big Guy) would receive a ten percent equity stake in the joint venture with Hunter’s former business partner Tony Bobulinski. In 2017, Hunter earned a $1 million legal retainer from the company’s chairman, Ye Jianming. Hunter also received a large diamond from Ye worth an estimated $80,000 in February 2017.” In any case, the subpoena’s demand for records covers a 14-year period beginning in 2009.
Predictably, the move shocked and infuriated Democrats, who responded with fire and fury to Republican requests for information on the CEFC deal. CNN, reporting on the reaction of Rep. Jamie Raskin and Hunter Biden’s attorneys, said:
A spokesperson for Hunter Biden’s legal team said Monday, “Rep. Comer continues to pursue far-fetched and already-disproven conspiracy theories about the Biden family,” and accused Comer of “doing the bidding of former President Trump.”
Raskin criticizes Comer in the letter for not giving Democratic members standard notice before the subpoena was issued, arguing they were only given visibility a few hours prior rather than the standard committee practice of alerting the minority of a subpoena 48 hours in advance.
The Maryland Democrat also characterizes the subpoena as a “roving congressional inquisition into the affairs of at least one private American citizen,” given that it called for the production of “thousands of pages of Mr. Walker’s private financial information, including statements of his and his wife’s joint checking account for a decade” – something Raskin argues goes “well beyond any business deal with Hunter Biden or CEFC.”
Breitbart added that Comer has been using his House Oversight Committee position to fight influence peddling and threaten those trying to stonewal him and the committee, while finding a few sources willing to work with him in digging into the Biden family’s China connections. In its words:
In February, Comer warned stonewalling tactics would warrant a subpoena as the next step. “For the subpoenas to win in court, we have to give them every opportunity to supply that information to us,” Comer said.
Comer wants to create laws to stop influence peddling. “We can’t fully understand the extent of what these laws need to be until we know the exact amount of money that the Biden family took in, including from the sources,” Comer explained, noting the family has made at least “tens of millions of dollars” from many business deals spanning at least 12 separate nations over the years.
While his probe has met some resistance, Comer has found a few key individuals willing to comply. The Biden family’s former top financial lieutenant Eric Schwerin is expected to “soon” provide requested documents to the committee. Schwerin, who shared bank accounts with Joe Biden and was dubbed the family’s “moneyman,” was also the president of Rosemont Seneca Partners, a fund created by Hunter Biden and several associates that spawned business deals in Russia, Ukraine, China, and Romania.
Rep. Comer called out the Biden Family in a mid-February press release as well, saying:
“Hunter Biden, James Biden, and Eric Schwerin are key witnesses in our investigation of Joe Biden’s involvement in his family’s international and domestic business schemes. Evidence obtained in our investigation reveals the Biden family business model is built on Joe Biden’s political career and connections. Biden family members attempted to sell access around the world, including individuals who were connected to the Chinese Communist Party, to enrich themselves to the detriment of American interests. If President Biden is compromised by deals with foreign adversaries and they are impacting his decision making, this is a threat to national security.
“The American people deserve transparency and accountability about the Biden family’s influence peddling. The Oversight Committee is committed to exposing the waste, fraud, and abuse that has taken place at the highest levels of our government. Hunter Biden, James Biden, and Eric Schwerin’s documents, records, and communications are critical to this investigation,”
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