Rep. James Comer Reveals 170+ Suspicious Activity Reports Filed by Six Major Banks Including JP Morgan, Bank of America, and Wells Fargo, Pointing to Potential Money Laundering, Human Trafficking, and Tax Fraud Involving the Biden Crime Family
During a recent podcast hosted by Senator Ted Cruz, Representative James Comer revealed that six major banks, including JP Morgan, Bank of America, and Wells Fargo, had submitted over 170 suspicious activity reports (SARs) to the Treasury Department, all concerning alleged criminal behavior by the Biden crime family.
Rep. Comer, who served as a bank director for a decade, 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, Rep. Comer clarified that SARs are very rare and not issued lightly by banks. In his experience, the bank he directed issued only two SARs over ten years.
“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 Congressman then stated that the Biden family had been subjected to a staggering number of SARs—over 170 of them.
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 using the example of a $3 million wire transaction from China to an associate of the Biden family, which 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. Then one day, out of the blue, they get a $3 million wire from China,” said Comer.
“He’d never gotten a foreign wire before, and there’s $3 million in an account that’s never had more than 50,000. Some months, it had $10,000 balance, but never more than 50,000. Then all of a sudden, a $3 million wire,” Comer added.
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. Then they wired it to another company called Bohai. These companies don’t do anything with the money,” he added.
Senator Cruz responded, “It’s just a bucket to pour the water in, then a bucket to pour it into somewhere else?”
https://www.thegatewaypundit.com/2023/07/rep-james-comer-reveals-170-suspicious-activity-reports/