House Oversight Committee Chairman James Comer, in an interview on Maria Bartiromo’s “Sunday Morning Futures” on Fox News, shed light on what he alleges to be a deceptive financial strategy employed by the Biden family.
“We can connect the dots. Because as you showed on the screen with this series of transactions, that’s called money laundering. And this was a very organized criminal enterprise by the Biden family. This wasn’t just some drug addict, you know, doing concoctions and making wild transactions,” Comer said.
Comer elaborated on the complexity of the transactions, suggesting their purpose was to obscure the origin of the funds and to mislead the IRS, thereby evading taxes. He predicted the emergence of numerous loans in the Biden family’s financial disclosures, which he claims are used to conceal actual income since loans are not taxable.
“If you’re the IRS and you’re just looking at someone’s taxes, you would never know that Joe Biden got two checks for loan repayments, $200,000 and $40,000. You wouldn’t know about all the money that we’re going to show that James Biden took in and Hunter Biden took in from loans. Loans is a way — it’s an integral part of money laundering where you deceive from the IRS about the revenue you’re taking in. In other words, you’re a tax cheat.”
The Oversight Committee on November 1 disclosed bank records tracing a $40,000 payment to Joe Biden from his family members, which followed a substantial deposit from Chinese business associates into a company associated with Hunter Biden and James Biden. This transaction was labeled as a “loan repayment.”
Further scrutiny revealed that James Biden also marked a $200,000 check to Joe Biden as a “loan repayment.” This transaction coincided with a loan James Biden received from a health care firm, where he insinuated that his surname could facilitate business opportunities.
The White House has countered these allegations, with spokesman Ian Sams asserting that the bank records in question actually demonstrate a legitimate loan repayment between Joe Biden and his brother.
“The House Republicans know this. They have in their possession financial records showing Joe Biden gave his brother the money, then his brother paid the loan back,” Sams stated.
However, Comer, in a letter dated October 26, contested the White House’s defense, stating that the bank records he reviewed do not substantiate the existence of a significant loan from Joe Biden to his brother. This ongoing financial scrutiny continues to raise questions about the Biden family’s financial dealings and their potential implications.
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