Federal agencies might have ignored numerous warnings for years about possible criminal activity by Hunter Biden, Just the News reported Monday.

“Every time some agency — whether it be the IRS, whether it be the FBI — whomever started to investigate. … I don’t know if it’s for fear of embarrassing Joe Biden or for fear that it would eventually lead to Joe Biden,” House Oversight and Accountability Committee Chair James Comer, R-Ky., told Just the News last week, “but for whatever reason, some deep state actor steps in and says, Stand down, call it off.”

According to the report, numerous federal agencies were notified of Hunter Biden’s suspicious activities from a variety of sources dating to 2015, but apparently took no action to investigate or prosecute him.

“Well, there’s two things we’re [currently] investigating: the Biden crime, and the Biden crime cover-up. And the cover-up continues to grow and expand,” Comer said in the report. “This cover-up has been going on for a long time.”

According to the report, bankers at Morgan Stanley flagged transactions they deemed “suspicious” by Hunter Biden’s Rosemont Seneca firm and his business associate Devon Archer in May 2015, bringing a presentation, including photos and a dossier, regarding the transactions to the Securities and Exchange Commission as a matter of compliance with regulations.

According to the presentation to the SEC, those transactions dealt with the overevaluation of the Wakpamni 2014 bonds, which were valued at $111 each without ever being traded, and sold in the $80 range before the offering.

“No clear illegal activity is being accused,” the presentation said. “But authors of this presentation determined activity was suspicious enough to warrant escalation of review by appropriate compliance representatives.”

The report said the SEC opened an investigation with the IRS and FBI, leading to Archer and others’ arrest and conviction for securities fraud. Biden was subpoenaed in the case, but never charged.

In November 2016, a Morgan Stanley banker, who worked on the 2015 presentation to the SEC, filed a whistleblower complaint with the SEC as a follow-up.

“In addition to seeking recovery in connection with his prior reporting [the whistleblower name redacted] makes this submission offering new information concerning additional securities frauds being perpetrated,” Just the News reported the complaint as saying.

Then in 2018, as Delaware State Police probed the now famous “gun charge” of Hunter Biden, possessing a weapon after lying on application about his status as a drug addict, a Ukrainian prosecutor approached a U.S. attorney in New York regarding information about Hunter Biden’s dealings while on the board of the Burisma energy company, accusing former Vice President Joe Biden of using his influence to protect the company in return for money, the report said.

Charles Kim

Charles Kim, a Newsmax general assignment writer, is an award-winning journalist with more than 30 years in reporting on news and politics.

© 2023 Newsmax. All rights reserved.

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