U.S. Treasury to Release Biden Family’s Bank Reports to House Oversight Committee

The Treasury Department will comply with the House Oversight Committee’s request to release suspicious activity reports (SARs) generated by the Biden family and their associates’ business transactions. This is a significant development in the investigation into the Biden family business, as the committee seeks to determine if President Joe Biden is compromised by communist China. The committee is investigating the Biden family business for nine violations, including wire fraud , money laundering and Hunter Biden’s “laptop from hell.”

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According to a 2020 Senate report, SARs “often contain evidence of potential criminal activities, such as money laundering and fraud.” U.S. banks have flagged over 150 SARs from Hunter and James Biden that included “large” amounts of money tagged for further review by the Treasury. The suspicious records will provide details about how the family business operates and desired transparency on Hunter, James, and Frank’s foreign business transactions, along with knowledge of whether Joe Biden remains compromised by foreign governments through his family’s business.

The House Oversight Committee Chair, James Comer, had previously demanded that the Treasury turn over the suspicious bank records on January 11. Still, the Treasury had denied Comer’s request, citing “improper disclosure” of relevant information that could reduce the Biden administration’s ability to “conduct of law enforcement, intelligence, and national security activities.”

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The Treasury’s compliance with the request comes after the committee’s probe has faced resistance from Hunter Biden and some of his associates, such as Serbian politician Vuk Jeremić and Hunter’s art dealer. However, the committee has found a few key individuals willing to comply, such as Eric Schwerin, the Biden family’s former top financial lieutenant. Schwerin is expected to “soon” provide requested documents to the committee.

Schwerin, who shared bank accounts with Joe Biden, was dubbed the family’s “moneyman” and was also the president of Rosemont Seneca Partners, a fund created by Hunter Biden and several​ associates that spawned business deals in Russia, Ukraine, China, and Romania. Additionally, Joe Biden’s former executive assistant Kathy Chung is scheduled to sit for a requested transcribed interview with the committee’s investigation into the Biden family business and Joe Biden’s classified document scandal. Chung was hired as Joe Biden’s assistant when he was vice president after a recommendation from Hunter Biden and appears in numerous email threads on Hunter’s “laptop from hell.”

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The release of the SARs will provide the committee with crucial information about the Biden family business and whether President Biden is compromised by foreign governments. The investigation into the Biden family business has faced resistance from some of Hunter Biden’s associates, but the committee has found a few individuals willing to comply, such as Eric Schwerin and Kathy Chung. The Treasury’s compliance with the committee’s request is a significant development in the investigation and may provide the transparency needed to determine whether the Biden family has engaged in criminal activities.