Sen. Ted Cruz (R-TX) called on Treasury Secretary Janet Yellen this week to immediately release all suspicious activity reports related to President Joe Biden’s family after Republicans in the House raised the alarm this week after visiting the Treasury Department over the matter.
“The US Department of Treasury needs to release every Suspicious Activity Report related to the Biden family,” Cruz said. “If Janet Yellen doesn’t release the reports, she is complicit in the coverup.”
The US Department of Treasury needs to release every Suspicious Activity Report related to the Biden family.
If Janet Yellen doesn’t release the reports, she is complicit in the coverup. #Verdict
— Ted Cruz (@tedcruz) April 19, 2023
House Oversight Chairman James Comer (R-KY) and other GOP members announced on Monday that they paid a visit to the Treasury Department following a breakthrough agreement allowing access to suspicious activity reports (SARs), which financial institutions can use to flag possible criminal behavior, for the Biden family and their associates’ business transactions.
“Thousands of pages of financial records related to the Biden family, their companies, and associates’ business schemes were made available to members of the House Committee on Oversight and Accountability, which confirm the importance of this investigation,” Comer said in a statement.
“The Biden family enterprise is centered on Joe Biden’s political career and connections, and it has generated an exorbitant amount of money for the Biden family,” he added. “We’ve identified six additional members of Joe Biden’s family who may have benefited from the Biden family’s businesses that we are investigating, bringing the total number of those involved or benefiting to nine.”
On an episode of his podcast “Verdict” with co-host Ben Ferguson, Cruz said that Yellen needed to let the American people decide if the Biden family was corrupt by showing them what is in the suspicious activity reports.
“When we’ve got members of Congress seeing this report who are horrified, who are appalled, they’re going, ‘Holy cow, how is there so much money flowing from China?’ Janet Yellen has a choice right now,” Cruz said. “She is not innocent in this. Now, there’s no evidence that Janet Yellen was part and parcel of the Biden family business profiting off Communist China. But if she doesn’t release those reports, she is complicit in the cover up.”
“So Secretary Yellen, release every single suspicious activity report on the Biden family,” Cruz continued. “There’s no national security reason to keep them private. There’s no reason whatsoever other than if you want to be part of a political cover up.”
Multiple members of the Biden family are already known to be of interest to GOP investigators. Comer announced last month that subpoenaed financial records dating back to Biden’s time as vice president showed $1 million in indirect payments from a Chinese energy company to Biden’s adult son Hunter Biden, brother James Biden, daughter-in-law Hallie Biden, and an unknown “Biden,” adding fuel to concerns about influence peddling and business schemes.
Separately, federal prosecutors are investigating Hunter Biden over his foreign business dealings in countries such as China and Ukraine, tax affairs, and more. Though Hunter Biden has said he expects to be cleared of wrongdoing, Republicans have raised concerns about influence peddling, especially anything that may include the president, spurred in part by findings on an abandoned laptop.