12/8/2023, 2:31 AM (Source: TeleTrader)
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Hunter Biden charged with 9 federal tax crimes

United States President Joe Biden's son Hunter Biden was charged with nine federal tax crimes by the country's federal prosecutors, it was shown in a federal indictment made public in the Central District of California. The charges are related to failing to file and pay taxes, evading assessments, and cheating on a tax return.

Special Counsel David Weiss said that Hunter engaged in "a four-year scheme to not pay at least $1.4 million," from 2016 to 2019. The president's son is said to have "spent millions of dollars on an extravagant lifestyle rather than paying his tax bills." This includes paying for "drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing," etc., according to the indictment. Between 2016 and 2020, his total gross income was estimated to be at $7 million.

In addition, while he failed to file his 2017 and 2018 tax returns on time, when he finally did so, he "included false business deductions in order to evade assessment of taxes to reduce the substantial tax liabilities he faced as of February 2020," it was noted in the indictment.

Baha Breaking News (BBN) / AY