The Republican leading the probe of Hunter Biden has his own shell company
The Kentucky congressman who's leading House Republicans' impeachment investigation of President Joe Biden has focused on the Biden family’s use of shell companies
TOMPKINSVILLE, Ky. — Rep. James Comer, a multimillionaire farmer, boasts of being one of the largest landholders near his rural Kentucky hometown, and he has meticulously documented nearly all of his landholdings on congressional financial disclosure documents – roughly 1,600 acres (645 hectares) in all.
But there are 6 acres (2.4 hectares) that he bought in 2015 and co-owns with a longtime campaign contributor that he has treated differently, transferring his ownership to Farm Team Properties, a shell company he co-owns with his wife.
Interviews and records reviewed by The Associated Press provide new insights into the financial deal, which risks undercutting the force of some of Comer’s central arguments in his impeachment inquiry of President Joe Biden. For months, the chairman of the House Oversight committee and his Republican colleagues have been pounding Biden, a Democrat, for how his relatives traded on their famous name to secure business deals.
In particular, Comer has attacked some Biden family members, including the president’s son Hunter, over their use of shell companies that appear designed to obscure millions of dollars in earnings they received from shadowy middlemen and foreign interests.
Such companies typically exist only on paper and are formed to hold an asset, like real estate. Their opaque structures are often designed to help hide ownership of property and other assets.
The companies used by the Bidens are already playing a central role in the impeachment investigation, which is expected to gain velocity after House Republicans voted
Read more on abcnews.go.com
