Hunter Biden indicted for tax evasion, could face 17 years in prison
OAN’s James Meyers
11:55 AM – Friday, December 8, 2023
Hunter Biden could face up to 17 years in prison for tax evasion after being indicted on multiple charges.
On Thursday, the president’s son was indicted on nine charges by a California grand jury, including three felonies for evading over $1 million in taxes during his lavish lifestyle over a span of four years.
Meanwhile, the three felonies against Hunter, include one count of tax evasion for his 2018 personal taxes and two counts of filing a false return for his 2018 personal taxes and on a corporate income tax return for his company Owasco, PC.
Additionally, he has also been charged with six misdemeanor counts of failure to pay and file charges for the 2016, 2017, 2018 and 2019 tax years.
“The Defendant engaged in a four-year scheme to not pay at least $1.4 million in self-assessed federal taxes he owed for tax years 2016 through 2019,” special counsel David Weiss wrote in the 56-page indictment out of the Central District of California.
“In furtherance of that scheme,” Weiss noted that Hunter “subverted the payroll and tax withholding process of his own company, Owasco, PC by withdrawing millions from Owasco, PC” and “spent millions of dollars on an extravagant lifestyle rather than paying his tax bills.”
According to the indictment, Joe Biden’s son spent his cash on “drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing, and other items of a personal nature, in short, everything but his taxes.”
Weiss also stated Hunter spent $189,000 on “adult entertainment” while not paying taxes, which included a $10,000 payment for a sex club membership that he expensed as a “golf club membership”
The report also claimed a false deduction for “consulting” that was actually payments to “various women who were either romantically involved with or otherwise performing personal services” for Biden.
Over $680,000 went to these women while Hunter was evading taxes.
“When he did finally file his 2018 returns, [Hunter] included false business deductions in order to evade assessment of taxes to reduce the substantial tax liabilities he faced as of February 2020,” the special counsel added.
Furthermore, the indictment also stated that Hunter “earned handsomely” while serving on the boards of Burisma, a Ukrainian company, and a Chinese private equity fund.
Between 2016 and October 2020, prosecutors alleged Hunter earned over $7 million in total gross income.
This also included almost $2.3 million from his position on the board of directors of Burisma between 2016 and 2019, according to the filing.
“The Defendant had a legal obligation to pay taxes on all his income, including income earned in Ukraine from his service on Burisma’s Board, fees generated by deal-making with the Chinese private equity fund, as well as income derived from his work as a lawyer and other sources,” the indictment said.
The new indictment charges against Hunter comes as House Republicans are preparing a case to launch an impeachment inquiry against Joe Biden for alleged corruption.
The resolution was introduced by Republican Kelly Armstrong (R-N.D.) this week. Its goal is to impeach the president for his alleged role in Hunter and James Biden’s foreign business ventures during his vice presidency.
The House reportedly is planning to vote Wednesday on the legislation.
House Oversight Committee Chairman James Comer (R-Ky.) applauded the whistleblowers involved for the new indictment charges coming forward, Gary Shapley and Joseph Ziegler, claiming it would not have happened if they did not come forward due to allegations of the Justice Department trying to cover it up.
“The Department of Justice got caught in its attempt to give Hunter Biden an unprecedented sweetheart plea deal and today’s charges filed against Hunter Biden are the result of Mr. Shapley and Mr. Ziegler’s efforts to ensure all Americans are treated equally under the law,” Comer said in a statement. “Every American should applaud these men for their courage to expose the truth.
“Hunter Biden’s corporate entities implicated by today’s indictments funneled foreign cash that landed in Joe Biden’s bank account. Unless U.S. Attorney Weiss investigates everyone involved in the Bidens’ fraud schemes and influence peddling, it will be clear President Biden’s DOJ is protecting Hunter Biden and the big guy,” the Kentucky Republican added.
Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts
A new Freedom Economy Survey, in conjunction with Public Square and Red Balloon, finds America’s small businesses are struggling under high inflation, expensive capital, and a slowing consumer economy.
A crowded field of Republican candidates for West Virginia Governor have gathered for the first primary debate, yet Attorney General Patrick Morrisey has declined to participate. One America’s Daniel Baldwin has more.
with Ed Martin
with Clint Dorris
More than 10 million people have signed up for X in December, X CEO Linda Yaccarino said in a post on the social media platform.
How might these tax evasion charges impact Joe Biden’s presidency and the political landscape
Hunter Biden Facing Possible Prison Time for Tax Evasion Charges
Hunter Biden, the son of U.S. President Joe Biden, could potentially be sentenced to up to 17 years in prison for tax evasion after being indicted on multiple charges. The indictment was issued by a California grand jury and includes nine charges, three of which are felonies related to the evasion of over $1 million in taxes over a span of four years.
The charges against Hunter Biden include one count of tax evasion for his personal taxes in 2018, as well as two counts of filing false returns for both his personal taxes in 2018 and his company Owasco, PC’s corporate income tax return. In addition to these felonies, he also faces six misdemeanor charges for failure to pay and file taxes for the 2016, 2017, 2018, and 2019 tax years.
According to the 56-page indictment, Hunter Biden engaged in a four-year scheme to evade at least $1.4 million in federal taxes. The indictment states that he subverted the payroll and tax withholding process of his own company and spent millions of dollars on an extravagant lifestyle rather than paying his tax bills.
The indictment also reveals that Hunter Biden spent $189,000 on adult entertainment while not paying taxes, including a $10,000 payment for a sex club membership that he expensed as a golf club membership. Additionally, he falsely deducted payments to various women as “consulting” expenses, with over $680,000 going to these women while evading taxes.
Furthermore, the indictment states that Hunter Biden earned over $7 million in total gross income between 2016 and October 2020, including almost $2.3 million from his position on the board of directors of Ukrainian company Burisma. The indictment emphasizes that he had a legal obligation to pay taxes on all his income, including income derived from his work as a lawyer and other sources.
These charges against Hunter Biden come at a time when House Republicans are preparing to launch an impeachment inquiry against President Joe Biden for alleged corruption. The resolution, introduced by Republican Kelly Armstrong, aims to impeach the president based on his alleged involvement in Hunter and James Biden’s foreign business ventures during his vice presidency. The House is expected to vote on the legislation on Wednesday.
House Oversight Committee Chairman James Comer commended the whistleblowers involved in bringing forth the indictment charges, Gary Shapley and Joseph Ziegler, stating that the charges would not have been possible without their allegations. He also accused the Department of Justice of attempting to cover up the case and give Hunter Biden a “sweetheart plea deal.”
In conclusion, Hunter Biden’s indictment on tax evasion charges marks a significant development in the ongoing controversies surrounding the Biden family. It remains to be seen how these charges will impact Joe Biden’s presidency and the larger political landscape.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...