House Oversight Committee Chair James Comer (R-KY) revealed on Thursday that his committee will subpoena records linked to President Joe Biden’s mystery corporation, “CelticCapri Corp.”
House Oversight Committee Chair James Comer plans to subpoena records related to President Biden's corporation, "CelticCapri Corp," which received $10 million in 2017. Questions arise about how the money was received and potential bribery allegations.… https://t.co/bXaEuLqUdc
— The America One News (@am1_news) September 22, 2023
CelticCapri Corp received nearly $10 million in 2017, a year that encompasses the timeframe an FBI informant alleged Burisma Holdings bribed Joe Biden with $5 million. Despite earning millions of dollars, the president has not specified the services his corporation rendered to make such an amount of money.
“The money they refer to was funneled through the CelticCapri LLC, Joe Biden’s LLC that he supposedly used to receive speaking fees and sell his book,” Comer said. “His speaking fees and books don’t add up to what the total was he disclosed on taxes. So that’s an LLC account. It wasn’t a shell company — that was a real LLC account with more earnings in there than what we can find. So that is an account we plan to subpoena as we follow the money.”
The Biden family & their associates deliberately sought to hide & conceal payments from foreign entities.@GOPoversight is committed to following the money trail & exposing this corruption. I will now subpoena Hunter & James Biden’s personal & business bank records. @SeanHannity pic.twitter.com/Xy5HcpfbAm
— Rep. James Comer (@RepJamesComer) September 20, 2023
The president has claimed that the $10 million came from his book deal and speaking engagements. However, Sen. Ted Cruz (R-TX) rubbished the president’s claim, arguing that the book deal and speaking engagements could not have made that much.
“Now, let’s do some math. His book had a retail price of $27 for hardcover, $18 for paperback. If you assume a reasonable mix of sales, the average price was $23,” Cruz explained. “On 300,000 books sold, the gross revenue everyone makes is just under $7 million. What Joe is alleging is they paid him $8 million to generate $7 million. The book publisher lost a million dollars and got no money for printing the book. Typically, an author, if you were just receiving a royalty, would have received about 12%. A typical blended royalty, you’d get about 15%. For hardcover, about 7.5% for paperback is typical. If Joe was receiving 12% of $7 million, he would have yielded about $800,000. He’s claiming he got $8 million. That math doesn’t add up.”
Ted Cruz suggests that Joe Biden's $10 million income from two corporations he set up after leaving the White House, Celticcapri Corp and Giacoppa Corp, needs to be investigated as it is unknown where the income came from. Cruz believes that if half of… https://t.co/lFKfYdCYUm
— The America One News (@am1_news) June 16, 2023
Cruz urged the House to force President Biden into releasing CelticCapri Corp’s tax return because half the corporation’s income could be from the $5 million bribe he allegedly received from Burisma.