Hunter Biden’s indictment for allegedly scheming to avoid at least $1.4 million in taxes included writing off hundreds of thousands of dollars spent on a lavish, drug and alcohol-fueled, jet-setting lifestyle.
The indictment filed by Special Counsel David Weiss in a California federal court alleges that Hunter Biden “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 accuses President Joe Biden’s son of trying to deduct hundreds of thousands of dollars that he claimed were business expenses but were allegedly wild splurges to maintain his lavish lifestyle. Hunter Biden reportedly claimed “false deductions for payments from Owasco, PC’s account [a domestic corporation owned by Hunter Biden] to JP Morgan Chase,” specifying that these expenditures were for “consulting,” when, allegedly, these transfers included payments to various women who were either romantically involved with or otherwise performing personal services for him, including a $10,000 payment for his “membership in a sex club.”
According to the filing, many of the fraudulent claims Biden made were revealed to investigators by reading Biden’s own 2019 non-fiction memoir called Beautiful Things. For instance, Biden claimed business travel expenses in 2018 to the tune of $388,810. However, the indictment notes that in his memoir, Biden claimed he spent “four or five months” in 2018 surrounded by and bankrolling “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. I never slept. There was no clock. Day bled into night and night into day.”
According to the allegations, Hunter Biden claimed $86,000 that he paid to several women with whom he was romantically involved and their friends as “wages” for corporate employees. Over the four years covered by the indictment, payments to “various women” that Biden claimed as deductions amounted to $683,212.
The indictment notes that Hunter Biden earned the money fueling his playboy lifestyle through his infamous dealings with Ukrainian mega-company Burisma and his ties to wealthy Chinese backers.
“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.
Donald Trump Jr. opined on X that even though the indictment is scathing, it was a calculated step intended to help the Bidens avoid having to testify before Congress and will amount to nothing:
“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 [GOP oversight] is looking at. Bookmark it!”
The case is being presided over by Judge Mark Scarsi, whom former President Donald Trump appointed.