In article <XnsACA0AC71...@184.108.40.206
> ...I spent all my money at the sex shoppe.
From 2013 through 2018 Hunter Biden and his company brought in
about $11 million via his roles as an attorney and a board
member with a Ukrainian firm accused of bribery and his work
with a Chinese businessman now accused of fraud, according to an
NBC News analysis of a copy of Biden’s hard drive and iCloud
account and documents released by Republicans on two Senate
The documents and the analysis, which don’t show what he did to
earn millions from his Chinese partners, raise questions about
national security, business ethics and potential legal exposure.
In December 2020, Biden acknowledged in a statement that he was
the subject of a federal investigation into his taxes. NBC News
was first to report that an ex-business partner had warned Biden
he should amend his tax returns to disclose $400,000 in income
from the Ukrainian firm, Burisma. GOP congressional sources also
say that if Republicans take back the House this fall, they’ll
demand more documents and probe whether any of Biden’s income
went to his father, President Joe Biden.
“No government ethics rules apply to him,” said Walter Shaub, a
former director of the U.S. Office of Government Ethics who is
now an ethics expert with the Project on Government Oversight.
Shaub added, however, that “it’s imperative that no one at DOJ
and no one at the White House interfere with the criminal
investigation in Delaware.” Shaub had previously raised
questions about Hunter Biden’s new line of work, selling his own
paintings, which created the potential to purchase a painting to
buy perceived influence, and also because the White House became
involved in the transactions, arranging that none of the buyers’
names be known to Biden, the White House or the public.
Frank Figliuzzi, the FBI’s former assistant director for
counterintelligence, said there is a national security risk when
foreign powers like China see an opportunity to get close to
someone like Biden. “It’s all about access and influence, and if
you can compromise someone with both access and influence,
that’s even better,” said Figliuzzi, now an NBC News
contributor. “Better still if that target has already
The documents and the analysis indicate that few of Biden’s
deals ever came to fruition and shed light on how fast he was
spending his money. Expenditures compiled on his hard drive show
he spent more than $200,000 per month from October 2017 through
February 2018 on luxury hotel rooms, Porsche payments, dental
work and cash withdrawals.
Biden has admitted to burning through cash to pay for drugs and
partying with strangers who routinely stole from him, and he
struggled to pay multiple mortgages or keep up with alimony and
child support payments to his ex-wife. In his autobiography,
“Beautiful Things,” he says the money from Burisma “turned into
a major enabler during my steepest skid into addiction” and
“hounded me to spend recklessly, dangerously, destructively.
Humiliatingly. So I did.”
In a February 2017 divorce filing, an attorney for Biden’s ex-
wife said the couple’s outstanding debts were “shocking and
overwhelming” and that they owed $313,000 in back taxes.
According to the filing, they had bounced checks to their
housekeeper and owed money to doctors and therapists. The filing
alleged that Hunter Biden had spent copiously on drugs, strip
clubs, prostitutes and girlfriends “while leaving the family
with no money to pay legitimate bills.”
A representative for Biden says all of his tax responsibilities
to the IRS are now satisfied. Two sources familiar with the
matter have confirmed to NBC News that Hollywood attorney Kevin
Morris began advising Biden in 2020 and arranged to pay off the
approximately $2 million Biden owed the IRS.
Legal experts say, however, that paying the bill won’t relieve
Biden of criminal liability or necessarily erase his debts.
NBC News analyst Chuck Rosenberg, a former Justice Department
official, said that Biden’s paying what he owes could even be
seen as an admission of criminal violations. Not paying taxes
for many years, rather than one or two, Rosenberg said, helps
establish intent, which can otherwise be a struggle for
prosecutors in white-collar cases.
Paying the bill, Rosenberg said, might help Biden if he faced
sentencing and “mitigate some of the damage, but it doesn’t undo
the crime. That would be like returning money to a bank that you
robbed. You still robbed the bank.”
Biden is represented by former federal prosecutor Christopher
Clark in the ongoing criminal investigation in Delaware. Clark
declined to comment on the record. The U.S. Attorney’s Office in
Delaware declined to comment.
NBC News obtained a copy of Biden’s laptop hard drive from a
representative of Rudy Giuliani and examined Biden’s business
dealings from 2013 to 2018 based on the information available on
the hard drive and the scope of the documents released by the
The Republicans on the Senate Finance and Homeland Security
committees, then chaired by Chuck Grassley of Iowa and Ron
Johnson of Wisconsin, respectively, issued their first report on
Biden’s business dealings in September 2020. The 87-page report
said Biden had “cashed in” on his name, but Johnson said in an
interview before its release that the report included “no
massive smoking guns.”
Now in the minority, the Republicans from the two committees are
still reviewing and analyzing several hundred pages of financial
and business documents tied to Biden and his business
associates, according to a person familiar with the committee’s
Biden has denied any illegal activity, and he told CBS News in
an interview that he is “cooperating completely” with the
federal investigation in Delaware. “And I’m absolutely certain,
100 percent certain,” he said, “that at the end of the
investigation, I will be cleared of any wrongdoing.”
Biden and China
Biden made $5.8 million, more than half his total earnings from
2013 to 2018, from two deals with Chinese business interests.
Biden’s most lucrative business relationship was acting as a
consultant in a project with a company that belongs to a once-
powerful Chinese businessman who is now thought to be detained
in his homeland.
According to business records referred to in the Senate report,
Hudson West III, a venture funded by the Chinese oil and natural
gas company CEFC and its chairman, Ye Jianming, paid
$4,790,375.25 to Owasco P.C. over about one year.
Filings with the Washington, D.C., government show Owasco P.C.
is controlled by Hunter Biden.
A review of the personal and corporate emails on Biden’s hard
drive yield little information about any business he conducted
on behalf of Hudson West III, and his autobiography doesn’t
discuss his Chinese business dealings in any detail.
One of the few potential business opportunities discussed
appears in a series of email exchanges among Biden, several U.S.
partners and Chinese individuals associated with Hudson West III.
They talked about a potential gas deal on Monkey Island in
Louisiana in 2017, but it appears no deal was made, and no
publicly available documents indicate any sort of purchase, sale