'Prostitution Rings' and 'Astronomical' Sums of Money: Rep Nancy Mace Describes Bank Reports on Biden Family Business Dealings

Left: Hunter Biden, an unidentified man, and Joe Biden. Right: Rep. Nancy Mace (R., S.C.)
April 18, 2023

Republican representative Nancy Mace (S.C.) said Wednesday that she reviewed "over 100 suspicious activity reports on the Biden family," which show the Bidens' business dealings with "astronomical" sums of money.

"Every time you unturn, overturn, or look under a stone, there's so much more you have to investigate," Mace said in a video posted to Twitter. Not only do the reports show "astronomical" amounts of money, she said, but they also detail "the source of the funding, where the money's going, the shell companies, prostitution rings, etc."

"It's insanity to me that it's not been investigated in the way that it should be," the congresswoman said.

Mace and other members of the House Oversight Committee on Monday examined suspicious activity reports that banks sent to the Treasury Department flagging potential criminal activity in transactions involving President Joe Biden’s family. The committee's chairman, Rep. James Comer (R., Ky.), said afterward that nine Biden relatives may have benefitted from the family's business schemes, six more than were previously implicated.

"The Biden family enterprise is centered on Joe Biden's political career and connections, and it has generated an exorbitant amount of money for the Biden family," Comer said.

The committee is investigating the first family's murky business dealings. Comer said last month that Biden "lied to the American people" about a Chinese company's payments to first son Hunter Biden. The committee's investigation has determined that the Chinese company made payments to the president's brother, son, and daughter-in-law, the Washington Free Beacon reported.

After "two months of dragging their feet," according to Comer, Treasury Department officials released the suspicious activity reports, which banks filed against Biden family members, last month. Comer also announced in March that, following a Free Beacon report, the committee is talking to a think-tank executive who says the Bidens warned a Chinese businessman about a looming federal investigation, allowing the businessman to flee the country.

Evidence shows that Hunter Biden's suspicious business partners had extensive dealings with Joe Biden, Mace said last week.

"This is corruption at its core," she told Fox News.

Update April 19, 11:04 a.m.: This piece has been updated with additional information about the House Oversight Committee's investigation.