The Trump family generated literally thousands of them because every international transaction over $10,000, is reported by every bank in the USA. But in this case somebody leaked the Biden reports to Comer he’s been making up stories about them ever since.
Hunter Biden received $50,000 a month from Burisma for an extended period - five years I think. Every single one of those payments would have generated a report. In addition to his Directors salary, his consulting firm did work and were paid just over $1 million for that. That would account for a large portion of these reports right off the top.
Calling them “suspicious activity reports” is a misnomer. The purpose of the reporting is to track large sums of money, moving between countries, looking for funding for terrorists, money laundering, or racketerring. To do this, they ”report” all entries over $10,000. The idea being that law enforcement will look at these reports, and if they see patterns that disturb them more, they have other reasons to believe there is criminal activity, they can investigate further.
Given that there have been numerous investigations of Hunter Biden by various government agencies, including the IRS, both while Donald Trump was in office and since he left, it’s very possible that any or all of the FBI, IRS and Trump’s DOJ, and most certainly John Durham, all looked at these records and saw nothing worthy of further investigation.
Unless you’re a legal, accounting or tax specialist it all looks hinkey as hell. But on any of the kinds of high risk projects, everybody has an LLC in order to shield them from the risks if they go bad, and reduced taxes on the profits if they succeed.
Shareholder loans allow them to withdraw their seed capital with no zero implications at all. The repayment of the capital loan is fully tax deductible by the corporation, reducing taxable income, and tax free to the shareholder since it was his money in the first place.
Incorporate another LLC to own the building where you have your offices. Then charge tax deductibe rent to your consulting firm, reducing your profits. Then you use depreciation deductions on the building to wipe out any profit on the rent and voila, the rent money goes back into your pocket as a dividend, at a lower tax rate.
If your consulting firm, goes broke, your LLC still owns the building. Last, but not least, if you don’t entirely trust, one or all of the other people, you may be involved with in business, you’ve got shield shield of protection from them. That was always a concern when dealing with people you don’t really know from foreign countries.