WASHINGTON — House Oversight Committee Chairman James Comer will unveil a memo Wednesday morning describing the status of a GOP-led investigation into President Biden’s role in his family’s foreign income.
Comer (R-Ky.) will headline a 9 a.m. press conference at the Capitol after teasing details in TV appearances — with even more fireworks possible later in the day after he set a noon deadline for the FBI to deliver an informant file that allegedly says Joe Biden took bribes while vice president.
The morning presentation will “reveal the Biden family’s complicated network of companies” and “the millions of dollars the Biden family, their associates, and their companies received from foreign nationals,” a source familiar with Comer’s plans told The Post.
Comer will “reveal a memorandum detailing findings from the financial records obtained to date via four bank subpoenas,” the source added, and allege “the Bidens’ attempts to conceal large financial transactions they received from foreign nationals.”
The Kentucky Republican also will “announce next investigative actions.”
The Oversight Committee recently acquired the bank records of key Biden family associates and reviewed Suspicious Activity Reports filed by banks with the Treasury Department — prompting Comer to suggest in recent interviews that previously unreported Biden family members got foreign cash.
The Justice Department, meanwhile, reportedly is nearing a final decision on whether to charge first son Hunter Biden with tax fraud and other alleged crimes — presenting Comer with an opportunity to reframe that long-running probe as too narrow in focus.
Republican critics have noted the absence of alleged Foreign Agent Registration Act violations among the charges reportedly being considered against Hunter, who last year paid off about $2 million in federal taxes in an apparent bid to avoid charges.
Hunter Biden’s attorneys met with Justice Department lawyers on April 26 in Washington in what could be a final step before a charging decision — and President Biden was spotted Sunday with his younger brother James Biden, who partnered with Hunter in many of his overseas relationships.
“There’s not going to be anybody left for a Christmas picture if the [Department of Justice] did their job and went in there and indicted everyone that has any type of fingerprints involved in this influence-peddling scheme,” Comer told Fox News last month.
The Oversight chairman recently unveiled some findings from his subpoenas issued to banks for the records of Hunter Biden’s associates.
In March, Comer revealed that records from the account of Biden family associate Rob Walker showed that he received $3 million on March 1, 2017, from State Energy HK Limited, a firm affiliated with CEFC China Energy.
Walker then passed along about $1,065,000 to the Bidens, including to first daughter-in-law Hallie Biden, who had been married to Joe Biden’s late son Beau and was dating Hunter at the time.
Many of the details of the Biden family’s foreign dealings have been gleaned from incomplete files recovered from Hunter Biden’s abandoned laptop, which also detailed Joe Biden’s interactions with many of his relatives’ associates and his use of Air Force Two and the vice president’s residence to host them.
Hunter and James Biden received at least $4.8 million from CEFC — a since-defunct reputed arm of the Chinese government’s foreign-influence “Belt and Road” initiative — in 2017 and 2018, according to the Washington Post’s review of laptop records. Vuk Jeremic, a former foreign minister of Serbia and president of the United Nations General Assembly, appears to have helped Biden family members connect with CEFC leaders in late 2015 when Joe Biden was still vice president.
A May 13, 2017, email recovered from the laptop said the “big guy” would get 10% of proceeds from the CEFC venture. Former Hunter Biden business partner Tony Bobulinski alleges that he discussed the deal with Joe Biden in May 2017 and both Bobulinski and another former Hunter Biden partner, James Gilliar, separately identified or referred to Joe Biden as the “big guy.”
In another Chinese business deal, Hunter Biden co-founded state-backed investment fund BHR Partners in 2013, within weeks of joining then-Vice President Biden aboard Air Force Two on an official trip to Beijing, according to the Wall Street Journal.
Hunter introduced his dad to incoming BHR CEO Jonathan Li during the trip and Joe Biden later wrote college recommendation letters for Li’s children.
Hunter Biden’s “paid-in capital” to establish BHR Partners was $425,000, according to corporate registration records, the Journal reported.
In late 2021, Hunter Biden’s attorney Chris Clark said his client’s 10% stake had been divested.
However, records suggest the first son still holds the stake, and neither Clark nor the White House has provided further information on the supposed transaction, such as the dollar amount or buyer’s identity. Unconfirmed leaked corporate documents suggest Hunter’s “Sugar Brother” Kevin Morris, a wealthy Hollywood lawyer, may have taken his stake.
In Ukraine, Hunter earned up to $1 million per year to serve on the board of natural gas firm Burisma from 2014 to 2019, beginning when his father was put in charge of the Obama administration’s Ukraine policy.
Visitor logs show Joe Biden met with his son’s business partner Devon Archer in 2014 around the time both Hunter Biden and Archer joined the Burisma board.
Then-VP Biden attended a 2015 DC dinner with Burisma executive Vadym Pozharskyi, who emailed Hunter to thank him for the “opportunity to meet your father” — directly contradicting Joe Biden’s 2019 claim that he’d “never spoken” with his son about “his overseas business dealings.”
Hunter also invited Russian billionaire Yelena Baturina and her husband, ex-Moscow mayor Yury Luzhkov, to the same dinner.
A 2020 report from Republican-led Senate committees alleges that Baturina in 2014 paid $3.5 million to a firm associated with Hunter Biden.
Baturina is one of a dwindling number of Russian oligarchs yet to face Biden administration sanctions over Russia’s more than 14-month-old invasion of Ukraine — in an example seized upon as a policy conflict of interest.
Another Russian billionaire, Vladimir Yevtushenkov, shopped US property with Hunter and has also managed to avoid Biden’s sanctions.
It’s unclear to what extent Hunter Biden may have benefited from the Russian real estate investments — or his precise engagements with associates in other countries, such as Romania.
It’s also unclear if Hunter did actual business with some foreign associates he pursued, such as Mexican business titans who Joe Biden hosted in 2015 at the vice president’s residence in Washington.
In 2016 Hunter Biden emailed one of them, Miguel Aleman Magnani — apparently while en route to Mexico aboard Air Force Two — to complain that he hadn’t received reciprocal business favors after arranging meetings with Obama-Biden administration officials and others.
