Hunter Biden Charged with 9 Counts of Tax Evasion and Fraud, Allegedly Evaded Taxes to Pay For Drugs, Escorts, and Luxury Hotels
Hunter Biden has been charged with 9 counts related to failing to file and pay taxes, tax evasion, and filing false tax returns between 2016-2019.
Prosecutors allege Hunter Biden engaged in a scheme to not pay over $1.4 million in taxes owed during those years. He eventually paid his 2018 taxes but included "false business deductions" to reduce his tax liabilities.
Hunter Biden is also accused of withdrawing millions from his company outside of payroll and tax withholding processes.
Prosecutors allege that the president's son spent millions on a lavish lifestyle, including drugs, escorts, luxury items, and properties, while neglecting to pay his tax bills from 2016 to October 2020.
His lawyer claims the charges only exist because of Hunter Biden's last name, and that a resolution had been reached until the special counsel "bowed to political pressure."
Prosecutors allege Hunter Biden engaged in a scheme to not pay over $1.4 million in taxes owed during those years. He eventually paid his 2018 taxes but included "false business deductions" to reduce his tax liabilities.
Hunter Biden is also accused of withdrawing millions from his company outside of payroll and tax withholding processes.
Prosecutors allege that the president's son spent millions on a lavish lifestyle, including drugs, escorts, luxury items, and properties, while neglecting to pay his tax bills from 2016 to October 2020.
His lawyer claims the charges only exist because of Hunter Biden's last name, and that a resolution had been reached until the special counsel "bowed to political pressure."
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00:00 It's Benzinga, and here's what's on the block.
00:02 - Hunter Biden has been charged with nine counts
00:04 related to failing to file and pay taxes,
00:07 tax evasion, and filing false tax returns
00:10 between 2016 and 2019.
00:12 Prosecutors allege Hunter Biden engaged in a scheme
00:15 to not pay over 1.4 million in taxes owed during those years.
00:19 He eventually paid his 2018 taxes,
00:21 but included false business deductions
00:23 to reduce his tax liabilities.
00:25 Hunter Biden is also accused of withdrawing millions
00:27 from his company outside of payroll and tax
00:30 withholding processes.
00:31 Prosecutors allege that the president's son
00:33 spent millions on a lavish lifestyle,
00:35 including drugs, escorts, luxury items, and properties,
00:39 while neglecting to pay his tax bills
00:41 from 2016 to October 2020.
00:43 His lawyer claims the charges only exist
00:46 because of Hunter Biden's last name,
00:47 and that a resolution had been reached
00:49 until the special counsel bowed to political pressure.
00:52 - For all things money, visit Benzinga.com.