Important Takeaways:
- Trump Indicted for Racketeering, Same Crime James Comer Believes Hunter Biden Committed
- A Georgia grand jury indicted former president Donald Trump on a racketeering charge, the same offense that House Oversight Committee Chair James Comer (R-KY) believes Hunter Biden committed when he wired money in an elaborate scheme through multiple shell companies.
- According to legal experts, federal law defines 35 offenses that constitute racketeering, including gambling, murder, kidnapping, arson, drug dealing, and bribery.
- The law was originally intended to catch mobsters. In 1987, former United States Attorney Rudolph Giuliani indicted the heads of New York City’s “Five Families” under the Racketeer Influenced and Corrupt Organizations Act (RICO). Eight of them were convicted under RICO.
- On Monday night, a grand jury in Georgia indicted Trump for violating the state’s RICO act – O.C.G.A. § 16-14-4(c).
- Harvard Law School professor Alan Dershowitz noted that RICO prosecutions are often overturned on appeal.
- Comer, who was a bank board member for ten years, argues Hunter Biden violated federal RICO law a different way than the Fulton County prosecutor alleges Trump did. He believes the Biden business opened more than 20 shell companies in an elaborate scheme to hide payments and launder money.
- “When you set up a bunch of shell companies for the sole purpose to launder money, that is called racketeering,” Comer said on the Verdict with Ted Cruz in July.
- Through banking transactions, the Biden family business received over $20 million from Russia, Ukraine, and Kazakhstan while President Joe Biden was vice president, Comer revealed last week.
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