The Treasury Department just decided that it will comply with House Oversight Committee demands and release suspicious activity reports (referred to as SARs) that were generated by the Biden family and their associates’ business transactions. Treasury will provide those SARs to the House Oversight Committee.
The Treasury decision is a huge step forward for the House Oversight Committee, which is in investigating the Biden family business for nine potential violations, including wire fraud and money laundering. The larger goal of the House Oversight Committee’s investigation is to discover if President Joe Biden was compromised by his family’s business activities in communist China.
The decision is an important one because it could yield a huge amount of information on what Hunter and others in the Biden family were doing and what about those activities were suspicious. For example, Rep. James Comer, Chairman of the House Oversight Committee, announced that there might be as many as 150 SARs regarding Hunter and James Biden, saying:
“The focus is on day one are those bank violations and those bank records. We are pretty confident in what we’re going to find in those. We have two bank violations. We have some bank statements in hand, and we believe that suspicious activity reports, which are bank violations when the bank notifies the federal government that we’re pretty confident that our client has committed a crime, Hunter Biden and Jim Biden have at least 150 of those. And I’ve said this before, and I come from a strong banking background, I don’t think there’s anyone in the history of the United States that’s had that many suspicious activity reports.”
Continuing, Comer added that “So there’s precedents here in trying to get those suspicious activity reports,” added the representative from Kentucky. “And before Joe Biden became president, congressional committees had access to that. Joe Biden changed the rules to where Congress couldn’t get access to suspicious activity reports when he became president. I wonder why? It’s because his family had 150 of those.”
He also said, “With respect to the hearings, we really need to have some of these bank records in hand and comb through those before we have a good hearing because we are confident that the president has lied about his involvement in all of these shady business dealings. We are confident that many of these businesses have broken many laws in the United States, so we need to have 100% evidence that we can demonstrate and show to the American people about the severity of the wrongdoing of the Biden influence-peddling schemes.”
This latest step forward is much more of a positive one than the last time the House Oversight Committee demanded the SARs from the Treasury. Then, the letter requesting the SARs was leaked, as the Republicans described in a 2020 report, writing:
On Nov. 15, 2019, Chairman Grassley and Chairman Johnson wrote a non-public letter to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), seeking Suspicious Activity Reports (SARs) on individuals and entities, including Hunter Biden, Burisma Holdings (Burisma), and others. Although most of the letters sent during the investigation have been released to the public shortly after being transmitted, this letter was not released at the time because of the sensitive nature of the underlying records and the need to ensure the integrity of the investigation with respect to those records. SARs often contain evidence of potential criminal activities, such as money laundering and fraud, and at the time, there was no evidence that SARs existed for the individuals mentioned in the request. The letter was, however, shared with Ranking Member Peters’ office. Just one week later, on Nov. 22, 2019, a copy of the letter was leaked to Reuters, which published an article containing a link to a full and unredacted copy of the letter. According to the Treasury, the department’s protocol requires stamping the document, which the leaked version did not contain.
Breitbart added in its report on the investigation that the House Oversight Committee probe has found a few key individuals willing to work with it, saying:
While the probe has met resistance, the committee 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.
In addition, Joe Biden’s former executive assistant Kathy Chung is scheduled on April 4 to sit for a requested transcribed interview with the committee’s investigation into the Biden family business and Joe Biden’s classified document scandal. Chung was hired as Joe Biden’s assistant when he was vice president after a recommendation from Hunter Biden. Chung appears in numerous email threads on Hunter’s “laptop from hell.”
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