Republican James Comer revealed that he is nearing a subpoena for the Biden family over Hunter’s influence peddling scheme.
‘We built a case that will win in court, and we’ve made it all the way to the personal bank records of the Bidens,’ Comer, who as Oversight chair took the lead on the investigation, told Newsmax on Friday.
‘So now that we can trace the money, we have enough bank records that we can bring the Bidens in,’ Comer said. ‘So we’re preparing everything now to be able to serve them and try to bring them in. We’ve got a couple more bank statements that need to come in first, but when that all comes in, it should be in a matter of days.’
His comments echoed words from Speaker Mike Johnson on Thursday who said a decision on whether or not to move forward with impeaching Joe Biden would come ‘very soon.’
‘As we stand here today, I’m not predetermined that, but I do believe that very soon we are coming to a point of decision on it,’ the Louisiana Republican told reporters in his first news conference as speaker.
‘Next to a declaration of war, you could argue it’s the most it’s the heaviest power that we have and it cannot be wielded for political purposes,’ Johnson said.
‘We built a case that will win in court, and we’ve made it all the way to the personal bank records of the Bidens,’ Comer, who as Oversight chair took the lead on the investigation, told Newsmax on Friday.
Republican James Comer revealed that he is nearing a subpoena for the Biden family over Hunter’s influence peddling scheme
‘So now that we can trace the money, we have enough bank records that we can bring the Bidens in,’ Comer said. ‘So we’re preparing everything now to be able to serve them and try to bring them in. We’ve got a couple more bank statements that need to come in first, but when that all comes in, it should be in a matter of days.’
His comments echoed words from Speaker Mike Johnson on Thursday who said a decision on whether or not to move forward with impeaching Joe Biden would come ‘very soon.’
‘As we stand here today, I’m not predetermined that, but I do believe that very soon we are coming to a point of decision on it,’ the Louisiana Republican told reporters in his first news conference as speaker.
Oversight Committee Chair James Comer, who has taken the lead on the inquiry, said Wednesday it is now in the ‘downhill phase’ and should wrap up soon.
Comer says he has traced some $20 million from foreign actors to Biden family bank accounts.
Comer recently touted an image of a $200,000 check James Biden mailed to his brother Joe Biden as a ‘smoking gun,’ but the check was marked as a loan repayment.
President Joe Biden is at the center of an extremely lucrative ‘extortion scheme’ between members of his family and foreign actors – including China – charge Republicans.
Earlier this week Comer unveiled a $40,000 direct payment to Joe from 2017 labeled as a ‘loan repayment’ that he claims is ‘laundered money’ that can be traced back to the Chinese.
According to new bank records they obtained through recent subpoenas for James and Hunter Biden’s financial records, a money trail beginning in July 2017 snaked from Chinese oil giant CEFC – one of Hunter’s joint ventures – into Joe’s account.
In WhatsApp messages from August 2017 previously published by .com, Hunter demanded $10 million from CEFC, and claimed his father was ‘sitting here’ next to him during the exchange.
After an initial $5 million from CEFC was put in the joint venture on August 8, 2017, and a transfer of $400,000 was placed into Hunter Biden entity Owasco, P.C. on the same day. Then, $150,000 was transferred directly from Owasco into the bank account of James and Sara Biden – Joe’s sister-in-law – on August 14, 2017.
Then on September 3, 2017, Sara wrote a $40,000 check direct to Joe – just six days after she took out $50,000 in cash, according to the obtained documents.
‘In taking funds sourced to a CCP-linked company that wanted to advance China’s interests, Joe Biden exposed himself to future blackmail and put America’s interests behind his own desire for money,’ Comer said in a video published Wednesday.
This is the fourth ‘Bank Records Memorandum’ released by the committee so far this year to inform members of their ongoing investigation.
Joe Biden has previously stated that Hunter never made money from China, and the White House has maintained that the president never benefitted from his family’s business ventures.
White House spokesperson Ian Sams said Wednesday that ‘Comer’s lies and conspiracy theories are getting more desperate by the day.’
Last month, Republicans revealed a separate $200,000 personal check from James Biden to Joe Biden.
According to bankruptcy court documents obtained by the House Oversight Committee, James Biden took money from his health care business Americore and sent it directly to his brother Joe Biden.
The documents show that in 2018, James Biden obtained $600,000 in loans from Americore. James was able to receive the loans based upon ‘representations’ that his last name, ‘Biden,’ could ‘open doors.’
On March 1, 2018, Americore wired a $200,000 loan into the personal bank account of James and Sara Biden.
That same day, James Biden wrote a $200,000 check to ‘Joseph R. Biden’ from his personal account for a ‘loan repayment.’ At the time, Joe had already left the vice presidency position.
Republicans leading the investigation into the Biden family’s ‘influence peddling scheme’ that is the center of their impeachment inquiry into the president, say this personal check directly shows Joe was aware of – and included in – his family’s dealings.
They are also casting doubt that the money was actually for a loan repayment.
Comer said based on the White House’s own records, there wasn’t any interest paid on the loan – which is illegal.
It also suggests that the repayment might not have been for a loan after all, he says in a letter obtained by .com from Comer to White House counsel last week.
‘The current lack of documentation leaves reason to doubt claims that this transaction was repayment for a legal loan,’ writes Comer who is demanding documents and IRS records.
On March 1, 2018, Americore wired a $200,000 loan into the personal bank account of James and Sara Biden
James Biden wrote a $200,000 check to ‘Joseph R. Biden’ for a ‘loan repayment’
According to the court documents, James made it seem as though ‘he could obtain a large investment from the Middle East based on his political connections.’
In a video put out Friday by Chairman James Comer, R-Ky., he says that ‘Americore—a distressed company—loaned money to James Biden who then sent it to Joe Biden.’
‘Even if this was a personal loan repayment, it’s still troubling that Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings,’ Comer states.
White House spokesperson for oversight and investigations Ian Sams called the information put out by the Republicans ‘failure theater’ and a ‘shiny object to distract people from how they are incapable of doing the basics of governing.’
‘It’s no coincidence they rushed out a new distraction mere minutes after yet another failed Speaker vote,’ Sams continued.
He went on to say there is ‘zero evidence of wrongdoing by President Biden.’
In September, then-Speaker Kevin McCarthy launched the impeachment inquiry – being led by Oversight.
Republicans say bank records show that Biden family and associates raked in more than $20 million from China, Ukraine, Kazakhstan and Romania.
As part of the GOP-led probe, they spoke with the president’s son Hunter’s ex-business partner Devon Archer, who testified that President Biden was in fact aware of his son’s dealings and sat in on at least 20 calls and multiple dinners with his son’s business partners.