Hunter Biden faces nine charges of tax evasion
New Criminal Charges Filed Against Hunter Biden
The Department of Justice has recently filed fresh criminal charges against Hunter Biden, the son of U.S. President Joe Biden. These charges accuse him of evading $1.4 million in taxes while indulging in an extravagant lifestyle.
In an indictment filed in U.S. District Court, Central District of California, Hunter Biden, 53, is facing three felony and six misdemeanor tax offenses. If convicted, he could potentially face up to 17 years in prison. The Justice Department has stated that their investigation into Biden is still ongoing.
“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,” the indictment read.
It further revealed that instead of fulfilling his tax obligations, he spent exorbitant amounts on “drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing, and other items of a personal nature.” Shockingly, he even spent over $70,000 on drug rehabilitation.
Hunter Biden’s lawyer, Abbe Lowell, has claimed that his client has already repaid his taxes in full. Lowell accused U.S. Special Counsel David Weiss, who is leading the investigation, of going back on a previous agreement. According to U.S. media reports, Lowell stated, “If Hunter’s last name was anything other than Biden, the charges in Delaware, and now California, would not have been brought.”
The White House has chosen not to comment on the matter, and it remains uncertain when Hunter Biden will appear in court.
Income from Burisma and Chinese Private Equity Fund
The indictment reveals that Hunter Biden earned a substantial income while serving on the boards of Burisma, a Ukrainian industrial conglomerate, and a Chinese private equity fund. Prosecutors state that between 2016 and October 2020, he received over $7 million in total gross income. This includes nearly $2.3 million from his position on the board of directors of Burisma between 2016 and 2019.
For years, Republican lawmakers have targeted Hunter Biden’s affiliation with Burisma, accusing him of leveraging his family name for financial gain overseas.
“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 stated.
In addition to his work with Burisma, Hunter Biden also had income from his involvement with CEFC China Energy Co Ltd, a Chinese energy conglomerate.
As his income increased, so did his extravagant spending. The indictment reveals that in 2018 alone, Hunter Biden spent over $1.8 million, including large cash withdrawals, payments to women, and significant expenses on clothing and accessories. Shockingly, none of these funds were used to pay his taxes for that year.
In October, Hunter Biden pleaded not guilty to charges in Delaware related to lying about his drug use while purchasing a handgun. This marked the first criminal prosecution of a sitting U.S. president’s child. The charges in Delaware were brought by U.S. Special Counsel David Weiss, who was appointed by former President Donald Trump and later made special counsel by Attorney General Merrick Garland.
A proposed plea deal in Delaware, which would have required Hunter Biden to plead guilty to two misdemeanor tax charges for failing to pay taxes in 2017 and 2018, was rejected by U.S. District Judge Maryellen Noreika in July. The judge raised concerns about the legality and scope of immunity offered in the agreement, leading to its rejection.
Former President Donald Trump criticized the proposed plea deal, claiming it amounted to favorable treatment for the president’s son.
(Reporting by Costas Pitas in Los Angeles and Andrew Goudsward in Washington; Additional reporting by Jasper Ward in Washington, Dan Whitcomb in Los Angeles; Noeleen Walder in New York and Brad Brooks in Longmont, Colorado; Writing by Brad Brooks; Editing by Eric Beech, Ross Colvin and Edwina Gibbs).
What are the specific charges against Hunter Biden in relation to his tax obligations from 2016 to 2019?
G income earned abroad,” the indictment states. “However, the Defendant intentionally and willfully evaded his tax obligations by not reporting significant amounts of income to the IRS.”
It is worth noting that these charges against Hunter Biden are separate from the federal investigation into his tax affairs, which began in 2018. Last year, it was revealed that he was under investigation for potential money laundering and tax evasion involving foreign entities. However, these specific charges are focused solely on his domestic tax obligations from 2016 to 2019.
The indictment also sheds light on Hunter Biden’s lavish lifestyle, detailing his extravagant expenses on drugs, escorts, luxury hotels, rental properties, exotic cars, and clothing. It is unclear whether these expenditures are directly linked to the charges filed against him, but they provide insight into his financial situation during the period in question.
While Hunter Biden’s lawyer claims that he has repaid his taxes, the Department of Justice remains steadfast in pursuing this case. Should he be convicted, he could face a significant prison sentence and further damage to his already tarnished reputation.
These new criminal charges against Hunter Biden only add to the controversies surrounding his business dealings and personal life. His role as a board member of Burisma, a Ukrainian company, has long been a subject of scrutiny. Critics argue that he profited from his father’s political influence while working in a country notorious for corruption.
Similarly, his involvement with a Chinese private equity fund has raised questions about potential conflicts of interest and undue financial benefits. These connections have fueled speculation and accusations of corruption, further complicating the Biden administration’s efforts to promote transparency and ethical governance.
As the investigation unfolds and Hunter Biden’s legal team prepares his defense, the public awaits the next steps in this high-profile case. The outcome could have significant implications not only for him personally but also for the Biden administration and its commitment to upholding the rule of law.
Ultimately, this case highlights the importance of holding individuals accountable for their financial obligations and ensuring transparency in public and private affairs. The charges brought against Hunter Biden serve as a reminder that no one is above the law, regardless of their familial or political connections.
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