House Oversight and Accountability Committee Chair James Comer, R-Ky., released subpoenaed bank records on Monday, revealing that Hunter Biden made monthly payments to his father, President Joe Biden, through a business entity. The payments were traced to Hunter Biden’s business account, Owasco PC, which reportedly received funds from Chinese-state linked companies and other foreign entities, according to financial records obtained by Comer’s panel. The revelation adds to the ongoing scrutiny of Hunter Biden’s financial dealings, with the Department of Justice investigating potential tax evasion and other crimes related to the Owasco PC corporate account.
Key Points
Subpoenaed Bank Records:
- House Oversight Committee Chair James Comer released bank records obtained through subpoenas, showing that Hunter Biden used the business entity Owasco PC to make monthly payments to President Joe Biden.
- The payments occurred after Owasco PC received funds from Chinese-state linked companies and other foreign nationals and entities, according to the financial records.
Pattern of Influence Peddling:
- Republicans on the committee argue that the payments to Joe Biden from Hunter’s business account are part of a broader pattern, suggesting that the president was aware of, participated in, and benefited from the family’s influence peddling schemes.
- The House panel, led by Comer, is investigating allegations of influence peddling by Joe Biden through his family’s foreign business dealings.
DOJ Investigation and Whistleblower Testimony:
- Hunter Biden is currently under investigation by the Department of Justice for potential tax evasion and other serious crimes related to the Owasco PC corporate account.
- The committee claims that whistleblower testimony indicates the DOJ attempted to prevent investigators from asking questions about Joe Biden, raising concerns about a potential cover-up.
More than 20 Shell Companies Identified:
- The oversight committee claims to have identified over 20 shell companies and uncovered financial transactions totaling over $24 million between 2015 and 2019, tied to the Bidens and their associates.
- The financial dealings are alleged to involve selling Joe Biden as a brand, and the committee asserts that the president knew about and benefited from these activities.
President’s Denial:
- President Joe Biden has consistently maintained that he never spoke to his son about foreign business dealings, attempting to distance himself from Hunter Biden’s financial activities.
Conclusion
The release of subpoenaed bank records by the House Oversight Committee sheds light on the financial transactions involving Hunter Biden’s business entity and payments made to President Joe Biden. The revelations contribute to the ongoing investigations into potential tax evasion and influence peddling by the Biden family. As the committee probes deeper into the financial dealings, questions about the president’s knowledge and involvement in these activities continue to be a focal point of scrutiny.
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