Comer: 6 Major Banks Filed 170 Suspicious Activity Reports on Bidens for Money Laundering, Human Trafficking, Fraud

Frank Bergman

July 28, 2023

From Slay News 

UPDATED on 9th October 2023:

House Oversight Committee Chairman James Comer (R-KY) has dropped a bombshell by revealing that six major American banks have filed over 170 suspicious activity reports (SARs) against Democrat President Joe Biden’s family.

According to Comer, the banks, including JPMorgan, Bank of America, and Wells Fargo, filed the SARs with the Treasury Department regarding alleged serious criminal activity involving the Bidens.

Comer, who served as a bank director for a decade, revealed that the reports were related to activity involving money laundering, human trafficking, and tax fraud.

Speaking during an appearance on Sen Ted Cruz’s (R-TX) podcast show, Comer explained that a SAR is essentially a red flag raised by a bank when it suspects that a client may be involved in illegal activities.

Despite misconceptions to the contrary, Comer clarified that SARs are very rare and not issued lightly by banks.

For a comparison, Comer revealed that the bank he directed only issued two SARs over the ten years he worked there.

For multiple banks to issue over 170 SARs against one family is incredibly unusual, Comer explained.

“In the banking industry, if you had two SARs against you, it would be hard for you to open an account somewhere,” Comer said.

“There wouldn’t be any bank that would want to have you as a customer, because it’s not worth the paperwork.”

The Oversight Committee chair then stated that the Biden family had been subjected to a staggering number of SARs.

These reports raised suspicion of money laundering, human trafficking, and tax fraud, all connected to different members of the Biden crime family.

Comer illustrated the nature of these suspicions by using the example of a $3 million wire transaction from China to an associate of the Biden family.

The payment was subsequently funneled through various shell companies within 24 hours.

“Now, remember, this account never had much activity in it over the course of ten years, maintained around a $40,000 balance,” said Comer.

“Then one day, out of the blue, they get a $3 million wire from China.”

“He’d never gotten a foreign wire before, and there’s $3 million in an account that’s never had more than 50,000,” Comer added.

“Some months, it had a $10,000 balance, but never more than 50,000.

“Then all of a sudden, a $3 million wire.”

Comer further detailed the alleged set-up of approximately 20 shell companies associated with the Biden family, all allegedly involved in money laundering schemes.

These companies, he stated, had no legitimate business operations and existed purely as legal entities on paper – no factories, no machinery, no products, no real estate, no business cards, no storefront.

“Money laundering is hiding money. You’re hiding the source of the money, and you’re deceiving the Internal Revenue Service to try to evade taxes,” Comer explained.

“So if Hunter Biden was doing something legitimate for China, they could have just wired the money to Hunter Biden. But they didn’t,” said Comer.

“They sent it to a company called Robinson Walker.

“Then they wired it to a company called Owasco,” he added.

“Then they wired it to another company called Bohai.

“These companies don’t do anything with the money.”

Cruz responded, “It’s just a bucket to pour the water in, then a bucket to pour it into somewhere else?”

Comer replied, “That’s exactly what it is and it was organized.

“This is like organized crime.”

Cruz emphasized the credibility of the banks involved in filing these reports.

He noted that they are major institutions with knowledgeable legal teams.

All of the banks mentioned are known to be reliable political donors to the Democrats, further deepening the significance of these reports.

“So these are all banks that are reliable political donors to the Democrats that are nonetheless looking at reports saying, wow, this is really concerning,” said Cruz.


More from Kanekoa The Great:

Congressional investigators have obtained bank account records and wire transfer statements on twenty shell companies owned by the Bidens, which were allegedly used for laundering illegally obtained money from China, Russia, Ukraine, Romania, and Kazakhstan as unregistered foreign agents.

This evidence is supported by hundreds of thousands of emails, tens of thousands of text messages, photographs, audio recordings, calendar statements, and ten years of data from Hunter Biden’s laptop, which the FBI took into its possession in 2019.

Marco Polo published a comprehensive “Report on the Biden Laptop,” documenting 459 alleged crimes involving the Biden family and their associates, including 140 business crimes, 191 sex crimes, and 128 drug crimes.

A $1,000 reward is offered for any verifiable corrections, but thus far, no crimes have been disputed.

In addition, credible IRS whistleblowers have accused the Justice Department of obstructing the Hunter Biden investigation by blocking felony charges, search warrants, and interviews while preventing any investigation of the President and his family.

Furthermore, just yesterday, a judge highlighted an unprecedented lenient deal offered by the Justice Department to Hunter Biden, which would result in no felony charges or jail time for tax fraud and lying on a gun form.

This DOJ deal would have also granted protection to the First Son from any future prosecution related to illegally obtained money from foreign nations as an unregistered foreign agent.

What is more corrosive and destructive to our nation than a politicized Justice Department that applies different legal standards depending on whether one’s last name is Trump or Biden?

READ MORE: Hunter Biden’s Collapsed Plea Deal Contained Hidden Blanket Immunity from Any Future Charges

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