Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

House Oversight Committee subpoenas banks, Biden family associates in probe of finances

by April 8, 2023
April 8, 2023
House Oversight Committee subpoenas banks, Biden family associates in probe of finances

The House Oversight Committee issued subpoenas to banks asking for Biden family associates’ financial records.

Fox News has confirmed that the Oversight Committee subpoenaed Bank of America, Cathay Bank, JPMorgan Chase, and HSBC USA N.A., as well as former Hunter Biden business associate Mervyn Yan, asking for financial records.

Rep. Jamie Raskin, D-Md., the top Democrat on the Oversight Committee, complained that Committee Chairman James Comer, R-Ky., was trying to hide information regarding the investigation from Democrats on the committee.

In a statement to Fox News, Comer said ‘Ranking Member Raskin has again disclosed Committee’s subpoenas in a cheap attempt to thwart cooperation from other witnesses. Given his antics with the first bank subpoena, the American people and media should be asking what information Ranking Member Raskin is trying to hide this time. 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.’

The Oversight Committee Democratic staff sent a memo to members on Thursday which accuses Republicans of conducting their investigation behind a ‘veil of secrecy.’

‘Despite this massive investment of time and resources, Republican efforts on this and other congressional committees have failed to yield any evidence of misconduct by President Biden. Nevertheless, Chairman Comer has issued six document subpoenas for financial records as part of this renewed investigation, several of which have been based on information Committee Republicans know to be false,’ the memo states.

The Democratic memo alleges that Republicans haven’t been publicizing their subpoenas or notifying Democrats, which has purportedly resulted in some targets of subpoenas being unaware that the committee is seeking their records.

‘On February 27, 2023, Chairman Comer secretly issued the Committee’s first document subpoena as part of Committee Republicans’ ongoing investigation into the Biden family to Bank of America. This subpoena sought, among other information, ‘all financial records’ from January 20, 2009, to the present — a staggering 14-year period — for John R. Walker, a private U.S. citizen… Yet, because of Chairman Comer’s use of a secret subpoena, Mr. Walker was never notified that the Committee had subpoenaed his financial records from Bank of America, he was never notified that Bank of America turned over his records to the Committee, and he was never notified that the Committee was publicly releasing information from these records,’ the memo states.

A spokesperson for Cathay Bank told Fox News Digital that the bank will cooperate with the Oversight Committee.

‘Cathay Bank, a NASDAQ-listed, U.S. financial institution for over 60 years, has cooperated with the House Committee on Oversight and Accountability’s request for information. The bank intends to continue to cooperate with the committee,’ the spokesperson said.

EDITOR’S NOTE: This story has been updated to reflect subpoenas are for Biden family associates.

Chad Pergram currently serves as a senior congressional correspondent for FOX News Channel (FNC). He joined the network in September 2007 and is based out of Washington, D.C.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Wisconsin DNR releases 3.5K public comments on wolf management plan
next post
Week Ahead: NIFTY Remains Prone To Profit Taking; Low Levels Of VIX Warrants Caution At Current Levels

You may also like

“How Did We Twist Those Words?!” – Reporter...

November 7, 2022

Biden Inches Closer to WWIII: US Troops on...

October 23, 2022

Democrat congresswoman lashes out at Biden over ‘shameful’...

August 1, 2023

AZ Secretary of State And Democrat Gubernatorial Nominee...

October 21, 2022

Biden, Xi to meet on sidelines of APEC...

November 15, 2023

Tariff fight escalates as Trump appeals second court...

June 2, 2025

Schumer announces Senate will hold ‘first-ever Senators-only’ hearing...

June 13, 2023

Northern border sees migrant surge from dozens of...

September 8, 2023

Dirty Former FBI Hack Timothy Thibault Tells GOP...

October 16, 2022

Trump admin cracks down on groups tied to...

March 14, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved