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The Republican leading the probe of Hunter Biden has his own shell company and complicated friends (apnews.com)

submitted 11 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

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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 in all.

But there are six acres 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 for how his relatives traded on their famous name to secure business deals.

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[-] autotldr 3 points 11 months ago

This is the best summary I could come up with:

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.

But as Comer works to “deliver the transparency and accountability that the American people demand” through the GOP’s investigation, his own finances and relationships have begun to draw notice, too, including his ties to prominent local figures who have complicated pasts not all that dissimilar to some of those caught up in his Biden probe.

“It seems pretty clear to me that he should be disclosing the individual land assets that are held by” the shell company, said Delaney Marsco, a senior attorney who specializes in congressional ethics at the nonpartisan Campaign Legal Center in Washington.

Comer created the company in 2017 to hold his stake in the six acres that he purchased two years earlier in a joint venture with Darren Cleary, a major campaign contributor and construction contractor from Monroe County, Kentucky, where the congressman was born and raised.

As evidence, he has pointed to a long career as a state legislator and official who sought to build bridges with Democrats and to “clean up scandal, restore confidence, and crack down on waste, fraud, and abuse.”

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this post was submitted on 14 Dec 2023

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