The first son’s primary goal was “to make billions, not just millions” for the family, according to Jason Galanis, a former Hunter business associate who testified from a prison cell, where he is serving 16 years for fraud.
The SARs were paramount to the investigation, and most of them had already been cited in a previous report on the Biden family’s wealth, Comer said.
From May 2014 to April 2019, Hunter was paid in excess of $5 million by Burisma Energy Company in Ukraine for “occupying a fanciful board position,” Comer writes, adding that Hunter knew almost nothing about the energy sector and his primary worth was his proximity to the “Biden Brand.”
In the eight years he served as vice president he gave two speeches in Romania in 2014 and 2015 “decrying corruption in the country while his family participated in it.” Biden made the first speech on May 21, 2014.
“When we got to the top of the building, I told my gasping colleagues, ‘It’s a good thing we didn’t have any senators with us, or they would have passed out halfway up,’” he writes regarding the 2023 visit.
In one case, Kazakh businessman Kenes Rakishev wired $142,000 to Hunter to buy a Porsche in April 2014. The cash came at about the same time Joe Biden dined with Rakishev at a restaurant in Washington, at Hunter’s request, when Joe was still vice president.
Hunter Biden’s lack of expertise in the energy sector did not prevent him from demanding cash from Chinese Energy Company Ltd (CEFC), an energy and finance company.
On August 28, Sara withdrew $50,000 in cash from Lion Hall Group, and deposited the cash in a joint account that she has with her husband, Jim Biden. On September 3, Sara wrote a check to Joe for $40,000 with “loan repayment” in the memo field.
“Later, Biden added his famous line ‘son of a b—ch, they fired him!’” writes Comer. Shokin was fired by a parliamentary vote in March 2016 and his replacement dropped the investigation into Burisma.
An analysis of the Biden banking records, along with testimony from Hunter business associates before the committee, showed millions coming in from Chinese, Ukrainian, Romanian and Kazakh sources, according to Comer’s book.
The Bidens began working with the conglomerate when Joe Biden was vice president, according to Comer’s book.
Joe Biden was also a willing participant in his son’s get rich quick schemes — “the big guy” who received 10 percent, Comer writes.
Months after that speech, the Bidens received more than $1 million from a company controlled by Gabriel Popoviciu, a Romanian businessman being investigated for corruption, through a Biden family associate, according to Comer.
Initial research showed there were dozens of Suspicious Activity Reports (SARs) filed by at least six banks that dealt with first son Hunter’s transactions.
His work has led to “a historic lack of confidence in our nation’s federal law enforcement agencies” and likely led to the routing of the Democrats at the November polls, he writes.
Hunter, who was convicted on gun charges and tax evasion, was luckier than Galanis. He received a controversial pardon from his father last year.
In his new book the Republican Rep. from Kentucky details how Biden’s son Hunter and brother Jim peddled the “Biden Brand” to foreign governments and entrepreneurs in order to rake in cash.
Jim and Hunter were supposedly being paid by foreign companies to find them business leads and customers. However, there were no products sold or investment advice being dispensed, Comer said, adding the shell companies were simply taking in cash for access.
Treasury Secretary Janet Yellen delayed Comer’s request to view the SARs for two months, he claims in the book.
Biden gave them six hours to do so before he boarded Air Force Two to fly home, writes Comer.
SARs are forms filled out by banks when they detect abnormal transactions which may violate the law. The forms are then filed with the Financial Crimes Enforcement Network, an agency within the federal Treasury Department, to follow up on.
Although Comer said he knew he had a “smoking gun” when he found the check, which he claims showed money laundering, most of the mainstream press was unimpressed; even as Jim Biden –“by far the least believable” of the witnesses who appeared before his committee — confirmed there was no loan agreement for that or a later “repayment” of $200,000 to his brother in 2018.
He accuses bureaucrats at the IRS and FBI, among others, of “slow-walking investigations” and leaking “false narratives” of his findings to the media.
“I knew that no bank would file a SAR on a family member of the sitting vice president of the United States without a great deal of confidence that a serious financial crime had been committed,” he writes, adding that the SARs indicated possible crimes ranging from money laundering to bribery.