Oversight Republicans after Hunter Biden ‘money trail’ demand answers from financial adviser

Oversight Republicans after Hunter Biden 'money trail' demand answers from financial adviser

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House Republicans are demanding answers from President Biden’s son Hunter’s financial adviser, Edward Prewitt, about his dealings, which banks have flagged as suspicious.

Biden has been under federal investigation for his tax affairs based on suspicious foreign transactions since 2018, and President Joe Biden has repeatedly denied discussing Hunter’s business dealings with him.

The president’s son’s questionable business dealings, conducted by himself, his associates and other members of the Biden family, have been flagged and reported by US banks.

Rep. James Comer, R-Ky., the ranking member of the House Oversight Committee, sent a letter Wednesday to Hunter Biden’s financial adviser, Edward Prewitt, asking for information about the Biden family’s foreign businesses.

RON JOHNSON CALLS FOR PROBE INTO ‘SCHEME’ TO DELETE HUNTER BIDEN INFORMATION

NBC News reported this week on the contents of Hunter Biden’s laptop as the president’s son remains under a federal tax investigation.
(AP Photo/Andrew Harnik)

Prewitt, who served as a political appointee under former President Bill Clinton, has advised Hunter on his financial transactions at a time when U.S. banks flagged them as “suspicious activity.”

Oversight staff told Fox News Digital that the committee has records showing that Prewitt flagged to Hunter Biden that Wells Fargo bank was specifically investigating some of the transactions made by the president’s son.

Comer is asking Prewitt to release documents and communications related to the banks’ Suspicious Activity Reports (SARs).

“More than 150 Biden business transactions have been flagged by US banks by filing Suspicious Activity Reports (SARs) with the Financial Crimes Enforcement Network. Text messages show Hunter Biden was aware of these SARs and took steps to avoid detection. in their financial dealings,” Comer writes.

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“Information reviewed by Republicans on the Committee reveals that you advised Hunter Biden on financial transactions when US banks flagged suspicious activities by the Biden family. As Hunter Biden’s financial adviser, you are in a unique position to know how originating these transactions and why they were flagged. from US banks. As such, we are requesting information about Hunter Biden’s financial transactions, including any documents related to SARs,” the lawmaker continued in the letter.

Grassley sent two new letters to the FBI and DOJ about the issues of partisan politics at play in the government's conduct of the Hunter Biden investigation.

Grassley sent two new letters to the FBI and DOJ about the issues of partisan politics at play in the government’s conduct of the Hunter Biden investigation.
(Fox News)

The congressman in his capacity as the top Republican on the Oversight Committee is following Hunter’s “money trail,” which he says includes “many complex international transactions worth millions of dollars.”

“The American people deserve to know about the president’s connections to his son’s businesses, which have come at the expense of American interests and may pose a threat to national security,” Comer writes.

Prewitt did not immediately respond to a request for comment from Fox News Digital.

Congressional oversight of the Hunter Biden investigation has intensified in recent weeks.

The top Republican on the Senate Judiciary Committee, Chuck Grassley, R-Iowa, pressed the Justice Department and the FBI for an explanation of why they conducted “politically charged investigations” related to the Trump campaign while they deleted key details related to Hunter Biden. investigate as “disinformation,” in light of new information from whistleblowers.

WASHINGTON, DC - APRIL 12: US World Food Program Board Chair Hunter Biden (L) and US Vice President Joe Biden present designer Michael Kors (C) with the Award at the McGovern-Dole Leadership of the US World Food Program at the Organization of American States on 12 April.  2016 in Washington, DC.  (Photo by Paul Morigi/Getty Images for the US World Food Program)

WASHINGTON, DC – APRIL 12: US World Food Program Board Chair Hunter Biden (L) and US Vice President Joe Biden present designer Michael Kors (C) with the Award at the McGovern-Dole Leadership of the US World Food Program at the Organization of American States on 12 April. 2016 in Washington, DC. (Photo by Paul Morigi/Getty Images for the US World Food Program)
(Photo by Paul Morigi/Getty Images for the US World Food Program)

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And in light of the whistleblowers’ new allegations, Sen. Ron Johnson, R-Wis., is calling on the DOJ to open an internal investigation or appoint a special counsel, saying the FBI was ” illegally armed” against sitting members of the Senate.

Kelly Laco is politics editor for Fox News Digital. Story tips can be sent to Kelly.Laco@Fox.com and on Twitter: @kelly_laco.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!