Hunter Biden took out a loan pay off more than $1million in back taxes after a federal investigation was launched into his tax affairs in late 2020.
Associates close to the president’s son confirmed the payment to the New York Times, alleging Biden financed the federal tax liability in recent months. The exact amount of his loan or date of payment was not made public.
Biden’s tax payment was made as a grand jury in Delaware continues to investigate his international business dealings, with critics saying he was only offered such opportunities because his father Joe Biden was vice president at the time.
Even though the payment does not disqualify the criminal charges against Biden, experts allege it could make it more difficult for prosecutors to win a conviction for the tax-related allegations as juries tend to be more sympathetic towards defendants who have paid their debts.
However, the federal probe spans wider than Biden’s tax liabilities. It is also investigating business deals and clients he was involved in while working as a registered lobbyist for domestic interests and during his father’s vice presidency.
The probe is searching for criminal violations of tax laws, as well as foreign lobbying and money laundering rules. So far, Biden has not been charged with any crime.
Most recently, the president’s son has pursued a career as an artist. He also acknowledged that he battled drug addiction and several other mental health problems while he engaged in international business deals, as well as a paternity scandal that saw his baby born to a stripper who was later given a $2.5m settlement.
Hunter Biden has taken out a loan to pay off $1m in back taxes, it was reported, after a series of sex and drug scandals
Biden faces a federal probe into his financial affairs, after being accused of exploiting his dad’s name to secure well-paid jobs that he was unqualified to do
Although Biden has paid off his tax liability, it remains unclear if evidence of the remittance will be presented in court.
Tax law experts allege that federal tax prosecutors typically fight to keep jurors unaware of the status of a defendant’s bills, arguing it may influence their decision even if a judge asks them not to consider it.
The prosecution argues the crime occurred when the tax report was falsely filed or not filed at all and that repayment should not play a factor into the verdict.
The experts also allege that defense attorneys will encourage defendants to pay back their taxes if they believe they could be indicted, arguing that repayment often helps with sentencing.
It is unclear if Biden’s attorneys instructed him to pay off his bill or if they believe it will impact his case.
Biden’s lawyer, the Justice Department and the U.S. attorney’s office in Delaware all reportedly declined to comment to the New York Times. They also did not immediately respond to DailyMail.com’s inquiry.
The payment comes as the federal government continues to probe business deals and clients he was involved in while working as a registered lobbyist for domestic interests and during his father’s vice presidency. Biden is pictured with security outside the White House in May 2021
Biden has acknowledged that he battled drug addiction and several other mental health problems while he engaged in international business deals. He is pictured above with what appears to be a crack pipe in his mouth
Details surrounding the criminal probe have been kept under wraps and it is unknown if Biden is the sole focus of the investigation or if he is among a group of people or businesses under scrutiny.
Prosecutors have asked about possible violations of the Foreign Agents Registration Act (FARA) by Blue Star Strategies, a Washington consulting firm that worked with for Ukrainian energy company Burisma Holdings in a deal Biden allegedly helped broker. Officials are trying to determine if Biden should have registered under FARA on behalf of Burisma.
Investigators analyzed emails between Biden and his business partner, Devon Archer, and others about the company and its dealings.
In one email to Archer, dated April 2014, Biden suggested he was familiar with FARA and wanted to avoid triggering any violations.
He allegedly mentioned that his father, then-vice president, would be announcing a trip to Ukraine, writing that the announcement ‘could be a really good thing or it could end up creating too great an expectation. We need to temper expectations regarding that visit.’
Biden did not specifically name his father, but instead referred to him as ‘my guy’.
In that same message, Biden argued that Burisma’s officials ‘need to know in no uncertain terms that we will not and cannot intervene directly with domestic policymakers, and that we need to abide by FARA and any other U.S. laws in the strictest sense across the board.’
He also suggested enlisting a law firm – where Biden worked at the time – to ‘direct discussions at state, energy and NSC’ and said the firm ‘can devise a media plan and arrange for legal protections and mitigate U.S. domestic negative press regarding the current leadership if need be.’
The email was penned about a week before the vice president traveled to the Ukrainian capital of Kyiv.
In another set of emails, dated April 2015, Biden allegedly invited a Burisma adviser to meet his father, then-Vice President Joe Biden
Federal officials examined records relating to a lawsuit filed by Biden’s former employee Lunden Alexis Roberts (pictured). Roberts sued Biden in Arkansas state court for child support and paternity in 2019 after one of his companies – identified as Burisma – allegedly ceased paying her and providing her with medical insurance
In another set of emails, dated April 2015, Biden and Archer allegedly discussed inviting foreign business associates – including a Burisma executive – to a dinner at a D.C. area restaurant where the vice president would make an appearance.
However, it is unclear if the executive attended the meal.
Investigators also looked into his interests in Kazakhstan, a Chinese energy conglomerate. They are examining payments and gifts he and his associates received from foreign interests, including a vehicle purchased with funds from a company associated with a Kazakh oligarch and a diamond from a Chinese energy tycoon.
Additionally, federal officials examined records relating to a lawsuit filed by Biden’s former employee Lunden Alexis Roberts.
Roberts sued Biden in Arkansas state court for child support and paternity in 2019 after one of his companies allegedly ceased paying her and providing her with medical insurance.
The pair reached a settlement out of court in March 2020.
Last year, prosecutors traveled to Little Rock to probe Roberts and her lawyer about Biden’s finances. Their investigation reportedly revealed that she had been receiving payments from Burisma.
Roberts also testified before the grand jury in Delaware last month.
Most recently, Biden has pursued a career as a painter