Hunter Biden and his company made $11 million through his work as an attorney and board member of Ukrainian energy corporation Burisma, as well as his work with a Chinese businessman now suspected of fraud, over five years.
The results raise national security and corruption concerns, as well as potential legal challenges, as some speculation about why the president's son accepted work with energy companies while having no prior expertise in the industry.
Hunter Biden's Laptop Reveals Massive Spending Spree
According to an analysis of Hunter Biden's abandoned hard drive by Yahoo News, Biden blew through the money even faster than it came in, spending an eye-popping $200,000 a month on things like luxury hotel rooms, Porsche payments, dental work, and cash withdrawals from February 2017 to October 2018.
Biden's ex-wife, Kathleen Buhle's counsel, described the couple's outstanding obligations as shocking and overwhelming in a February 2017 divorce petition, revealing that they owed $313,000 in unpaid taxes. According to the lawsuit, the couple had bounced checks to their cleaner and owed money to physicians and therapists.
Hunter reveals in his biography Beautiful Things that the Burisma money supported his bad habits. He adds that the additional income "turned into a key enabler during my sharpest slide into addiction" and "hounded me to spend wildly, dangerously, destructively." Humiliatingly. So I did.'
Hunter Biden is being probed for tax fraud by a Delaware grand jury, according to a report last week. He engaged Hollywood attorney Kevin Morris to assist him in paying off a $2 million tax obligation - more than double what was previously reported.
Hunter Biden's taxes were investigated when his father was still Vice President of the United States during the Obama administration. However, once it was discovered that the 52-year-old may have used political clout to influence commercial agreements, the investigation was expanded to include alleged tax fraud, money laundering, and lobbying law crimes in 2018.
Then, in October 2020, the New York Post reported on the existence of the now-famous Hunter Biden laptop, a damaged MacBook Pro that the president's son had taken to a Wilmington, Delaware repair shop but never returned. Over 20,000 emails have subsequently been discovered from the laptop's hard disk, which DailyMail.com got, containing considerable proof of Hunter Biden's unscrupulous business practices.
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Republicans Aim To Launch Investigation Against Hunter Biden
Former Justice Department official Chuck Rosenberg told NBC that Biden's payment might be seen as an admission of guilt. In accordance with Rosenberg, avoiding paying taxes for several years, rather than just one or two, helps show purpose, according to Daily Mail.
The mainstream media mainly disregarded or indicated that The Post's October 2020 revelations resulted from Russian disinformation attempts ahead of the 2020 presidential election. However, the New York Times and the Washington Post have verified some of the emails as part of a federal grand jury investigation in Wilmington, Delaware, into alleged tax fraud, money laundering, and lobbying law breaches by Hunter Biden.
Republicans in Congress have also promised to initiate probes if they retake control of the House and Senate next year, with some polls showing the GOP gaining ground despite rising inflation and President Biden's poor support ratings.
According to the Washington Post, Hunter Biden earned up to $1 million a year as a member of the Burisma board of directors, but that salary was cut in half in March 2017, two months after his father stepped down as vice president. Hunter Biden has been accused of benefitting from his father's influence by critics such as Sen. Ron Johnson (R-Wisconsin), New York Post reported.
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