Free Republic

A constitutional battle is shaping up over whether the U.S. government can force the owners and top employees of small businesses to send their addresses and photo IDs to federal financial crime investigators. The Biden administration has appealed a decision by a federal judge in Alabama, who ruled this month the Corporate Transparency Act exceeded the powers granted to Congress by the Constitution. The government says the information collected from small businesses will ferret out shell companies and help law and intelligence officers foil human smugglers, drug traffickers and terrorists. The appeal has a good chance because courts rarely strike...

Have you heard of the Corporate Transparency Act? Most of the estimated 32 million small business owners, including sole proprietors, whom the new law affects have not. It was just recently put on my radar by a handful of people — quite a shock for a measure that takes effect at the start of the new year! A new reporting rule under the law means that businesses will need to file information with the Financial Crimes Enforcement Network (a bureau within the U.S. Department of Treasury), including personal information about the people who are associated with the business, or risk...

Bombshell new records released by the House Ways & Means Committee have revealed that Joe Biden used email aliases to speak with his son’s business associates hundreds of times while in office as Obama’s vice president. The Republican-led committee obtained metadata from IRS whistleblowers Gary Shapley and Joseph Ziegler. The metadata reveals Joe Biden used alias email accounts 327 times during a nine-year period from 2010 to 2019 to discuss shady foreign business deals. He used the email aliases to correspond with his son, Hunter, and one of Hunter’s key business associates, Eric Schwerin, among others. The vast majority of...

Much like today, Delaware in the early 20th century wasn’t known for a whole lot. The state maintained a small service sector and an even smaller industrial base. Without any real natural resources or tourist attractions, the state scraped by trying to leech business from those traveling between New York and Washington. But just over a century ago, in the early 1910s, Delaware spied an opportunity. In neighboring New Jersey, then-Gov. Woodrow Wilson took office pledging to clean up New Jersey’s corporate sector, which had transformed the Garden State into the go-to destination for corporations across the country looking for...

BREAKING🚨 Rep. James Comer says six banks, including JP Morgan, Bank of America, and Wells Fargo, submitted over 170 suspicious activity reports to the Treasury Department regarding the Biden family, alleging their involvement in money laundering, human trafficking, and tax fraud. The American banks also raised concerns about wire transfers received by the Bidens from foreign state-owned entities, notably from the Chinese government, allegedly for the purpose of money laundering and tax evasion. The foreign wires were found to be directed towards Biden's business associates before being funneled through 20 shell companies associated with the Bidens. Subsequently, the funds were...

The Biden family opened more than 20 shell companies to hide payments and launder money, House Oversight Committee Chair James Comer (R-KY) said Sunday. After reviewing Suspicious Activity Reports (SARs) at the Treasury and subpoenaing banks and individuals, Comer posted on Twitter that the Biden family created more than 20 entities to accept, forward, and collect payment from a wide range of business associates. “We found all these shell companies that make absolutely no sense,” Comer told Fox News. “I don’t believe they have paid a penny of revenue, a penny of taxes on most of the millions of dollars...

In a new twist in the investigation into the Biden crime family’s shady foreign business dealings, a former Obama official has come forward alleging he has evidence the then-Vice President Joe Biden was involved in a “kickback scheme” with his son Hunter Biden’s overseas business dealings. The unlikely source will add new weight to the investigation and further legitimize the claims that Joe Biden is a criminal. Mike McCormick, who served in the Obama White House as a stenographer for 15 years, said the FBI completely ignored him when he offered to testify under oath before the federal grand jury...

House Oversight Committee Chairman James Comer shares an update on the GOP's investigation into the Biden family business dealings on 'Sunday Night In America.' #foxnews #fox #sundaynightinamerica

House lawmakers want the Trump administration to investigate reports that a wealthy foundation used an offshore shell company to give millions of dollars to environmental activists opposed to U.S. energy development. “If you connect the dots, it is clear that Russia is funding U.S. environmental groups in an effort to suppress our domestic oil and gas industry, specifically hydraulic fracking,” Texas Republican Rep. Lamar Smith said Friday. Smith and Texas Republican Rep. Randy Weber asked Treasury Secretary Steve Mnuchin to investigate whether or not environmentalists were funneling money to U.S. environmental groups through a Bermuda-based shell company. Republicans are pitching...

The German government on Monday said it hoped the revelations from the so-called “Panama Papers” will spur global efforts to combat tax evasion and money laundering. “We hope the current debate will turn up the heat,” finance ministry spokesman Martin Jäger told a news briefing. […] The Panama Papers are a massive leak of 11.5 million documents allegedly exposing the secret offshore dealings of a host of world leaders, celebrities and sports stars, implicating figures from Russian President Vladimir Putin to Barcelona striker Lionel Messi. […] The documents, from around 214,000 offshore entities covering almost 40 years, came from Mossack...

NOTE The following text is a quote: www.treasury.gov/press-center/press-releases/Pages/jl2002.aspx Treasury Targets Major Money Laundering Network Operating Out of Colombia 7/9/2013 Trade Based Money Laundering Network Supported Narcotics Traffickers Ayman Joumaa and Evaristo Linares Castillo WASHINGTON – The U.S. Department of the Treasury today announced the designation of Colombian nationals Isaac Perez Guberek Ravinovicz and his son, Henry Guberek Grimberg, as well as 29 other individuals and entities, including companies located in Colombia, Panama, and Israel, as Specially Designated Narcotics Traffickers (SDNTs). These 31 individuals and entities together form a money laundering network responsible for laundering hundreds of millions of dollars in...

Clinton Campaign Vows To Check Contributions Solicited by Supporter BRISTOW, Va. -- When Hillary Rodham Clinton held an intimate fund-raising event at her Washington home in late March, Pamela Layton donated $4,600, the maximum allowed by law, to Mrs. Clinton's presidential campaign. But the 37-year-old Ms. Layton says she and her husband were reimbursed by her husband's boss for the donations. "It wasn't personal money. It was all corporate money," Mrs. Layton said outside her home here. "I don't even like Hillary. I'm a Republican." The boss is William Danielczyk, founder of a Washington-area private-equity firm and a major fund-raising...