As the evidence for at least an impeachment inquiry into President Joe Biden keeps pouring in, our friends at Twitchy highlighted another example: the suspicious activity reports (SARs) from six banks, to the tune of 170, in fact. Sen. Ted Cruz (R-TX) and co-host Ben Ferguson discussed these reports on their podcast with House Oversight Chairman James Comer (R-KY) as their guest. Not only has Comer been looking into the Biden family as part of fulfilling promises to the American people, he already is familiar with SARs, since, as he told Cruz, he was the director of a bank.
These SARs are submitted and sent to the Treasury Department when banks “have a strong suspicion” that a crime has been committed, so as to protect the bank. As Comer emphasized, these are submitted “very seldom.” If someone were to have two, the chairman explained, it would be hard for that person to open up a bank account. Submitting an SAR, Comer added, also is “inviting the regulators to come in and regulate,” which is the last thing banks want. The 170 reports are thus quite significant.
To paint the scene here, Comer explained that what might trigger an SAR is “a large transaction that comes out of the blue.”
Hellbound and Down 