In a recent podcast with Senator Ted Cruz, Representative James Comer disclosed that six major banks, including JP Morgan, Bank of America, and Wells Fargo, had submitted more than 170 suspicious activity reports (SARs) to the Treasury Department. These reports raised concerns about criminal activities linked to the Biden Crime Family.
During the podcast, Representative Comer, who has a decade of experience as a bank director, clarified that a SAR is a significant red flag raised by a bank when there are suspicions of a client engaging in illegal activities.
He emphasized that SARs are not issued lightly and are relatively rare. In his own experience, the bank he served as a director issued only two SARs over a ten-year period.
“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.”
Comer said that the Biden family had been subjected to an astounding number of SARs — over 170 of them.
These reports raised specific suspicion of money laundering, human trafficking, and tax fraud, all connected to different members of the Biden Crime Family. Comer highlighted the gravity of these suspicions by citing a specific example, wherein a $3 million wire transaction from China to an associate of the Biden family was 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 provided additional information on the alleged setup of around 20 shell companies linked to the Biden Crime Family, asserting that these entities were supposedly engaged in money laundering schemes. According to Comer, these companies lacked any legitimate business operations; they existed solely as legal entities on paper, devoid of factories, machinery, products, real estate, business cards, or storefronts.
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