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

Frank FangJuly 28, 2022

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 letter (pdf) dated July 27 to Prewitt, who is 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 continued. “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.”

Ranking member Rep. James Comer (R-Ky.) speaks at a hearing with the House Committee on Oversight and Reform in the Rayburn House Office Building in Washington on Nov. 16, 2021. (Anna Moneymaker/Getty Images)

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