President-elect Joe Biden’s son Hunter received a subpoena this month related to the Justice Department’s investigation into his tax dealings – including his suspicious business transactions with Chinese nationals.
According to an October 2018 email from his CPA, Hunter and his law firm Owasco owed the IRS more than $800,000. The email was found on a laptop that Hunter is said to have abandoned at a repair shop in Delaware (read more here).
Until March 2020, Hunter and his ex-wife, Kathleen Buhle, had an IRS lien against them for unpaid taxes and penalties totaling more than $112,000. Hunter is also under fire for failing to disclose $400,000 in income from Burisma Holdings – the Ukrainian energy company for which he worked while his father oversaw foreign policy as Vice President.
“In 2014 you joined the Burisma board and we still need to amend your 2014 tax returns to reflect the unreported Burisma income,” reads an email from Eric Schwerin, a former business partner who did Hunter’s taxes in 2017. The following year, nearly half of the $2.5 billion Hunter raked in went to Rosemont Seneca Bohai (a joint venture with a fellow Burisma board member, Devon Archer).
“You didn’t receive this in cash and it is in reality ‘phantom income,’” Schwerin told Hunter. “So, of the approximately $2.5 million in income you never really received almost $1.2 million of it.”
Hunter and Archer are said to have engaged in several financial transactions with Chinese nationals loyal to Beijing. Foremost among these relationships was Ye Jianming, an oil tycoon interested in liquified natural gas projects. Ye is said to have gifted Hunter a diamond while he was visiting China with his father in 2013.
Ye, Chairman of China Energy Fund Co., is said to have funneled up to $100 million to Hunter and his companies through now-defunct investment companies. In 2017, Owasco received $5 million in “consulting fees.” That same year, Hunter sent $1.3 million to his uncle James and his Lion Hall Group consulting firm in Philadelphia.
Less than two years later, Hunter sent an email from his car begging a friend for money:
“Buddy, do you have cash app to sent me…$100 bucks until wire goes. I have no money for gas and I’m literally stuck at a rest stop on 95 on my way from Boston to DC,” wrote Hunter in March 2019.
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The Justice Department launched an investigation into Hunter’s finances in 2018, but Hunter claims he was unaware of it until last week.
“I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisers,” said Hunter.
“My son, my family will not be involved in any business, any enterprise that is in conflict with or appears to be in conflict, where there’s appropriate distance from the presidency and government,” added President-elect Joe Biden.
Author’s Note: None of this comes as a surprise. President-elect Joe Biden has a very irresponsible son who was kicked out of the military for using cocaine. On top of that, the Bidens have a long history of profiting from their political connections and sharing those profits with friends and family.
Joe Biden has repeatedly insisted that he knew nothing of his son’s business dealings, though frankly that claim is bullshit. Ironically, the elder Biden will likely nominate the Attorney General who will end up leading the investigation into his son’s finances.
Sources:
Investigation of Hunter Biden’s Taxes Began in 2018
Email to Hunter Biden raises fresh questions about his tax dealings
H-O-W L-O-N-G D-O-E-S-I-T-A-K-E?
I seriously doubt that anything will ever happen, since daddy is going to be president, he’ll make sure of that!! 😡😝 Most likely, he will pardon his baby boy, his brother James & any other one of his criminal friends!
He is guilty and so is his father who should be removed as president since he uses his office to feather his nest very dangerous
both he and his father should be punished. don’t bet on it though…
Investigation will never happen, they’re to busy trying to impeach President Trump! Same old, same old!
So, it’s a foregone conclusion that a corrupt, Biden serving AJ, will find in Hunter’s favor. Many bad days lie ahead for us.
As crooked as Joe & the Dems, I figure Joe will put Hunter over Foreign Relation & Treasury. No one has ever made as much money from other countries. Of course Joe will make sure it’s smoothed over & no charges or tax issues.
They need to go after old joe for he got his share then go after for treason.
Delores, I agree with you, but we can probably predict, that nothing will happen to old Joe or anyone else!
Who cares about hunter look what trump has just done to America he incited an armed insurrection and tried to take down the government of the United States of America. Are you fools not concerned about that
Joe Biden doesn’t deserve to be the president of the USA. He stole the votes from President Trump to become the President. He is an illegitimate president. I hope his catholic beliefs will haunt him.
Biden Illegitimate president!!
Put his ass in jail…enough of looking the other way..then go get his DAD ..Joe who helped him ..enough is enough! Time to get serious as AMERICA is angry. Lookout!
We already know if Joe gets in the White House all of this will disappear!
If this were a republican they both would already be serving time and they would be banned from social media !!!
Riiggghhhttt. There’s evidence galore that Hunter’s crooked dealings mean he owes the IRS $800,000 in back taxes, but nothing there for the DOJ to trace back to his father and his uncle. Why? Because his father will pay his 800k tax bill, the IRS will be enriched, and the “problem” will suddenly disappear. See? There’s no China connection…it was all a huge misunderstanding!
The guy who stupidly left his laptops at a repair shop, filled with a tremendous amount of evidence of wrong-doing, not to mention his meth habit and lust for children is the “smartest guy” blowhard Biden knows. I must live in a new dream world where criminals are good, and regular folks are bad.
Why was my comment not published? Moderation my a$$.
The six most of Foreign collaboration and embezzlement and fraud and the tax pair and the US citizens of the United States the six are related from Hillary Clinton through the presidency of Obama and further whole Democratic Party is involved in this called white wash
Need to get the hole family there all in it there the Dirtiest people ever how could they put him in the white house they have already sold our country out
Brenda and Delores, Great posts! Investigate and then [based on the rules used by Pelosi and others Dums] we need to impeach him, NOW!! Then comas TERM LIMITS!!!!!
Double standard remember! Laws for thee not for me. Riots are ok if it’s is BLM or Black Matters .
Or Antifa! Which were present last Wednesday!
And to think, people voted for his father to run our country? Joe is just as bad as his son, probably worse actually. After all they do say, “The apple doesn’t fall from from the tree” Joe even managed to have the election rigged so he would win. Lord help us all in the next four years!!
Throw him in Jail!!
Typical liberal comment No. Look over there, nothing to see here. It seems you should be concerned about politicians and their relatives who abuse power and the law. Hunter has know about this for two or three years and does nothing. He is expecting IRS to forget the whole thing now that Daddy is maybe back in power.
I’m very concerned about politicians breaking the law and trying to overthrow the government of the. U S and lying cheating that is I am writing this comment about Trump
And you don’t think trump and his family are corrupt lawless and extremely crooked. MY. MY it must be terrible to be that brainwashed
As far as Hunter it’s monkey see monkey do!
Nothing will happen, a wasted article