Democrat President Joe Biden’s son Hunter has been indicted on multiple tax charges, including three felonies and six misdemeanors.
The special counsel investigating Hunter Biden issued the indictment late on Thursday.
The president’s son is charged on nine counts stemming from his failure to pay his federal taxes on time on millions in income from foreign businesses.
Conveniently, the indictment comes on the same day as House Republicans formalize the impeachment inquiry of President Biden.
According to the 56-page indictment, a grand jury in the Central District of California charged Hunter Biden with three counts each of evasion of a tax assessment, failure to file and pay taxes, and filing a false or fraudulent tax return.
The situation is more serious now as the charges include three felony tax offenses and six misdemeanors.
“At times relevant to this Indictment, the Defendant served on the board of a Ukrainian industrial conglomerate and a Chinese private equity fund,” the indictment reads.
“He negotiated and executed contracts and agreements for business and legal services that paid millions of dollars of compensation to him and/or his domestic corporations, Owasco, PC, and Owasco, LLC.
“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, from in or about January 2017 through in or about October 15, 2020, and to evade the assessment of taxes for tax year 2018 when he filed false returns in or about February 2020,” the indictment adds.
Legal expert TechnoFog broke down the details of the indictment on his Substack.
The indictment is exacting and detailed and discusses Hunter’s various business entities, the millions he received from foreign nationals and/or foreign business entities, as well as the income and support Hunter has received from his celebrity lawyer, who happens to have paid “over $1.2 million to third parties for [Hunter’s] benefit” in 2020.
It notes that Hunter took large sums of cash from foreign entities in China, Romania, and Ukraine.
It also makes the case that Hunter willingly engaged in this scheme to illegally dodge taxes.
However, this is a case known to the public for the last year or so.
The indictment is replete with examples, such as:
- He did not report his Burisma income in 2014; he was informed by accountants that he owed taxes
- His ex-wife told him that his tax returns were not filed
- There are multiple times when he discusses his outstanding tax obligations in various communications
Despite all this, Hunter operated with a complete disregard for the laws the rest of society must abide by.
The investigation found that Hunter had a staggering $1,664,004 in “ATM/Cash Withdrawals.”
He also spent $683,212 in payments to “various women” and $188,960 on “adult entertainment.”
Ironically, Hunter’s own admissions in his memoir are coming back to haunt him.
As his tax avoidance scheme went on, Hunter wrote that he spent all his time with “thieves, junkies, petty dealers, over-the-hill strippers, con artists, and assorted hangers-on, who then invited their friends and associates and most recent hookups.”
“They latched on to me and didn’t let go, all with my approval,” he added.
The indictment also details the “office expenses” or other deductions he used to lessen his tax burden.
Hunter was writing off huge personal spending as business expenses to reduce his company’s tax bill.
The “office expenses” included:
- $1,500 Venmo payment to an exotic dancer
- $11,500 paid to an escort for two nights
- $30,000 payment for his daughter’s law school tuition
- $1,248 to fly an exotic dancer from Los Angeles to New York
The indictment contains many more examples of Hunter’s “deductions.”
This is the second indictment against Hunter Biden this year.
The first of which related to alleged gun possession and false statements.
He has pleaded not guilty in the gun charges case.
The previous indictment culminated in a plea deal.
However, the sweetheart deal ultimately fell apart amid whistleblower allegations that Biden-appointed officials had worked to stifle the case.
The timing of the latest indictment has raised widespread suspicion, meanwhile.
Don Trump Jr. argues that the indictment is part of a plot to shield the Bidens from the far more serious allegations that are currently being investigated by Congress.
Mark my words this was planned and they’re going to use this as the excuse to not testify before Congress… he’ll end up with nothing or slap on the wrist but it’ll make sure he evades the thousands of things @GOPoversight is looking at. Bookmark it! https://t.co/MXC3E3A9Zx
— Donald Trump Jr. (@DonaldJTrumpJr) December 8, 2023
The case was assigned to Judge Mark Scarsi, who was appointed by President Donald Trump.