The House Oversight Committee has issued subpoenas to at least four major banks demanding Biden family financial records, according to a report.
The House Oversight Committee has subpoenaed four major financial institutions in its probe of Hunter Biden’s business deals, the panel’s chairman confirmed Friday — while accusing Democrats of trying to scare potential witnesses off testifying.
Bank of America, Cathay Bank, JPMorgan Chase, and HSBC have received subpoenas related to the panel’s investigation into the Biden family’s global influence-peddling scheme, Fox News first reported.
Mervyn Yan, a former business associate of first son Hunter Biden, has also been subpoenaed for his financial records, according to the report.
Rep. James Comer (R-Ky.) accused the committee’s ranking Democrat, Jamie Raskin (D-Md.) of leaking the bank subpoena news in an attempt to “thwart cooperation” from others.
“[Oversight Democrats] have again disclosed Committee’s subpoenas in a cheap attempt to thwart cooperation from other witnesses,” Comer tweeted after the subpoena news broke.
“No one should be fooled by Ranking Member Raskin’s games. We have the bank records, and the facts are not good for the Biden family,” he added.
Raskin sent a letter to Comer on Thursday claiming Democrats on the committee were being kept in the dark about information collected by Republicans on the panel.
“It has been nearly three months since you assumed responsibility of the Committee, and in that time, I have grown increasingly alarmed by your efforts to shield information from Committee Democrats, including information collected as part of your investigation into members of the President’s family,” Raskin wrote.
“I am also troubled by your apparent public misrepresentations about certain investigative steps Committee Republicans have taken in this matter — a probe you have deemed your ‘top priority’ in the 118th Congress,” he added.
Biden family financial records obtained by Comer through the committee’s subpoena power last month revealed President Biden’s daughter-in-law Hallie to be a “new” family member seemingly involved in Hunter’s overseas business interests.
The bank records show Hallie Biden, the widow of the president’s late son Beau Biden, received $35,000 in two transfers in 2017 from Biden family associate Rob Walker, who was wired $3 million on March 1, 2017, from State Energy HK Limited, a firm affiliated with CEFC China Energy.
Comer noted at the time that the bank records don’t include the first names of all Biden family recipients, meaning there may be others involved in addition to Hunter, Hallie and first brother James Biden.
The Kentuckian isn’t the only investigator with interest in the Biden family’s banking records.
In 2019, Delaware US Attorney David Weiss, who is handling the Justice Department’s federal criminal investigation of Hunter Biden, subpoenaed JPMorgan Chase for the now-53-year-old’s transactions involving the Bank of China, according to nonprofit website Marco Polo.
The order sent by Weiss to JPMorgan Chase bank asked for the records of any international financial transactions over the previous five years involving Hunter and James Biden, as well as Hunter’s former business partners Devon Archer and Eric Schwerin, according to documents obtained by the watchdog.
The subpoena was issued by Weiss on May 15, 2019, when Joe Biden was a presidential candidate, and five weeks after Hunter allegedly left his infamous laptop in a Delaware repair shop.