In a significant development, Hunter Biden, the 53-year-old son of US President Joe Biden, has been indicted on nine charges, including three felonies, for allegedly evading over $1 million in taxes during a four-year period characterized by a high-flying and extravagant lifestyle.
The charges include tax evasion for his 2018 personal taxes and filing false returns for both his personal taxes and the corporate income tax return of his company, Owasco, PC.
Special counsel David Weiss, in the 56-page indictment from the Central District of California, detailed a four-year scheme where Hunter Biden allegedly avoided paying at least $1.4 million in federal taxes for the years 2016 through 2019.
Weiss highlighted that Biden misused his company’s funds, withdrew millions, and spent lavishly on drugs, escorts, luxury hotels, and other personal indulgences, neglecting his tax obligations.
Among the shocking revelations in the indictment was Hunter Biden’s use of a business line of credit for payments to a porn site, totaling over $27,000.
The first son allegedly spent nearly $189,000 on adult entertainment, including a $10,000 expense for a sex club membership.
The legal woes for Hunter Biden don’t end there. Already facing three felony counts related to false statements in the purchase of a firearm, he could now potentially face a maximum of 25 years in prison.
The charges also bring to light allegations from IRS whistleblower Gary Shapley, who claims Biden avoided taxes on $8.3 million in income received between 2014 and 2019.
The case, assigned to Judge Mark Scarsi, unfolds against the backdrop of a previous plea deal that fell apart in a Delaware courtroom.
As Hunter pleads not guilty to all charges, the legal battle promises to intensify, with implications reaching beyond tax evasion, including potential violations of the Foreign Agents Registration Act.