House Oversight Committee Chairman James Comer (R-KY) has dropped a bombshell by revealing that six major American banks have filed over 170 suspicious activity reports (SARs) against Democrat President Joe Biden’s family.
According to Comer, the banks, including JPMorgan, Bank of America, and Wells Fargo, filed the SARs with the Treasury Department regarding alleged serious criminal activity involving the Bidens.
Comer, who served as a bank director for a decade, revealed that the reports were related to activity involving money laundering, human trafficking, and tax fraud.
Speaking during an appearance on Sen Ted Cruz’s (R-TX) podcast show, Comer explained that a SAR is essentially a red flag raised by a bank when it suspects that a client may be involved in illegal activities.
Despite misconceptions to the contrary, Comer clarified that SARs are very rare and not issued lightly by banks.
For a comparison, Comer revealed that the bank he directed only issued two SARs over the ten years he worked there.
For multiple banks to issue over 170 SARs against one family is incredibly unusual, Comer explained.
“In the banking industry, if you had two SARs against you, it would be hard for you to open an account somewhere,” Comer said….