House Oversight Committee sounds the alarm over possibility of Biden family being engaged in racketeering

July 30, 2023

House Oversight Committee Chair James Comer (R-KY) revealed that the panel believes there is a strong possibility that the Biden family could be engaged in racketeering.

During an interview on the Verdict with Ted Cruz podcast, Comer said that six banks had flagged over 170 transfers with Suspicious Activity Reports for the Treasury Department.

Senator Ted Cruz (R-TX) asked Comer, "How many [SARs] were issued concerning Hunter Biden and Joe Biden, the Biden family?"

Comer responded by saying, "Over 170... If you had two SARS against you, it would be hard for you to open an account somewhere. There wouldn’t be any bank that would want to have you as a customer because it’s not worth the paperwork. Remember, when the bank files one of these [SARs] — you could understand this, appreciate this, senator — that’s inviting the regulators to come in and regulate [the bank]. That’s the last thing the bank [wants]."

The Biden family funneled millions through twenty shell companies. Comer explained, "When you set up a bunch of shell companies for the sole purpose to launder money, that is called racketeering."

If these allegations are correct, the House Oversight Committee could push to hold the Biden family accountable with the Racketeer Influenced and Corrupt Organizations Act.

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