Rep. Comer Demands Answers From Hunter Biden’s Financial Adviser

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The top Republican on the House Oversight Committee is pressing financial adviser Edward Prewitt on Hunter Biden’s allegedly suspicious foreign activities that have been flagged by U.S. banks.

“More than 150 transactions from the Bidens’ business dealings have been flagged by U.S. banks through filings of Suspicious Activity Reports (SARs) to the Financial Crimes Enforcement Network,” Rep. James Comer (R-Ky.) wrote in a July 27 letter (pdf) to Prewitt, who’s a managing director for investments at Prewitt Mahler Tucker Private Wealth Management Group.

U.S. banks are required by law to flag cash transactions exceeding $10,000 per day and automatically file SARs in an effort to prevent criminal activities, such as money laundering and tax evasion.

“Text messages show that Hunter Biden was aware of these SARs and took steps to avoid detection in his financial dealings,” Comer wrote. “Information reviewed by Committee Republicans reveals you were advising Hunter Biden on financial transactions when U.S. banks were flagging suspicious activity by the Biden family.”

His letter to Prewitt is Comer’s latest effort to seek information on the alleged suspicious transactions since CBS News disclosed them in April. In the following month, Comer sent letters to Treasury Secretary Janet Yellen and 13 banks seeking financial records and documents in connection to Hunter Biden; his uncle, James Biden; and business associates Eric Schwerin and Devon Archer, among others.

The 13 banks included Morgan Stanley, Citi Bank, Bank of America, TD Bank, Wells Fargo, and Bank of China.

On July 6, Comer reiterated his demand for information when he sent a second letter to Yellen, saying that her department’s failure to respond should “raise new questions about the degree to which the Biden Administration is using the federal government to provide cover for the Biden family and its associates.”

Comer wrote in his letter to Prewitt: “As Hunter Biden’s financial advisor, you are in a unique position to know how these transactions originated and why they were flagged by U.S. banks. As such, we request information regarding Hunter Biden’s financial transactions, including any documents related to SARs.”

By Frank Fang

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