The First Son does his father proud. From Tyler Durden at zerohedge.com:
On the same day as House Republicans formalize the impeachment inquiry of President Joe Biden, the special counsel investigating Hunter Biden charged the president’s son late Thursday on nine counts stemming from his failure to pay his federal taxes on time on millions in income from foreign businesses.
A grand jury in the Central District of California (yes California!) charged Mr. 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, according to the 56-page indictment (see below).
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. 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 indictment reads.
“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.
As TechnoFog details on his Substack, the indictment is exacting and detailed, discussing Hunter’s various business entities, the millions he received from foreign nationals and/or foreign business entities (such as those in China, Romania, and Ukraine), as well as the income and support Hunter has received from his entertainment lawyer, who happens to have paid “over $1.2 million to third parties for [Hunter’s] benefit” in 2020.
