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Withdrawing nearly $40,000 from his daughter’s college fund and failing to report it as additional income on his 2019 returns prompted the Internal Revenue Service to consider filing felony tax charges against first son Hunter Biden, who still used much of the windfall to pay for crack cocaine and hookers.
IRS Special Agent Joseph Ziegler testified before the House Ways and Means Committee that Hunter Biden, now 53 years old, stole “approximately $39,820” from his daughter Maisy’s 529 college savings plan when she was a high school student.
According to his memoir “Beautiful Things,” Hunter hid out in a hotel to smoke crack after evading a family intervention a few weeks earlier.
“After liquidating Maisy’s college savings, he went even deeper into the throes of his addiction in the coming months, sending payments to his drug dealer, a webcam service, and prostitutes in the following weeks, emails on his laptop show,” the New York Post reported.
The IRS also found “personal distributions he had claimed as business deductions totaling approximately $12,791,” according to Ziegler’s affidavit to the House panel on the five-year federal probe into the first son’s finances.
Federal prosecutors pursued a misdemeanor tax count for failing to pay $22,860 in taxes despite receiving recommendations for felony charges for the $52,611 in unreported income.
Ziegler and IRS Special Supervisory Agent Gary Shapley have made numerous disclosures to the House committee, alleging that the Justice Department “slow-walked” their investigation of Hunter Biden and prevented them from taking certain investigative steps, such as examining evidentiary trails that could lead to his father, President Joe Biden.
According to IRS agents, the first son avoided paying taxes on more than $2.2 million of the $8.3 million he made from deals in countries like Ukraine, Russia, and China.
On December 17, 2018, Hunter received a notification that his Wells Fargo bank account had only 44 cents left, and he immediately asked his wealth management team if he could “transfer 20k from Maisy 528 account to personal account,” as evidenced by emails discovered on his forgotten laptop.
Later that day, a manager at Wells Fargo responded that the bank could “sell the funds and send a check,” but it could not “move to your account.”
The troubled first son responded three days later in a seemingly disorganized fashion, telling the wealth managers to “liquidate” everything, including the 529 funds, because his ex-wife, Kathleen Buhle, was using her access to the accounts after their divorce to make payments on her own.
“Yo begin read last couple sentence first. Live you both. BUT READ the end first,” Hunter wrote on Dec. 20, 2018. “Liquidate what you can. Send the Burisma payment to account [ending in] 5858. Do not pay a single auto pay or check that I have not personally authorized . Close down all accounts in an orderly fashion and I just learned that unfortunately my ex partner of “ex” more than 2 years has access to my accounts and has directed payments fro [sic]. My accounts to bills that are not my responsibility.”
When Maisy was about to graduate from the prestigious Sidwell Friends School in Washington, DC, in the spring of 2019, Hunter admitted in an email to his personal assistant dated December 28, 2018, that he had drained her college fund.
“I am fully aware of what Kathleen wants. I’ll deal with tuitions when time comes,” he told Katie Dodge in an unhinged rant accusing her of “rarely do[ing] anything” to help him pay bills.
Kathleen Buhle, Hunter Biden’s ex-wife, dished on their marriage in a tell-all memoir called, “If We Break.”
“While Kathleen Buhle never felt rejected by the Bidens, she didn’t feel entirely accepted, either. In her memoir “If We Break: A Memoir of Marriage, Addiction, and Healing,” Buhle recalled meeting Joe Biden for the first time, saying that he made her feel incredibly welcome and accepted and took to calling her his daughter. “Honey, my boy tells me he loves you, so that means I love you too,” The List reported.
Buhle was questioned about Hunter Biden’s financial situation and raised eyebrows when she claimed to have never been involved in any of her and Biden’s financial dealings.
She claimed that Biden handled all of their finances and that she had no idea what was going on. She thought ignorance was bliss at the time, and she held that belief throughout their marriage.
Now, some of what Kathleen Buhle revealed is at the center of Hunter Biden being put under investigation.
“Divorce lawyers for Hunter Biden and his ex-wife Kathleen Buhle were aware of money hitting Hunter’s bank account from a Romania deal, emails show, appearing to contradict Buhle’s previous claims she had her ‘head buried in the sand’ when it came to Hunter’s finances,” it was reported.
James Comer, the chairman of the House Oversight Committee, said that fresh bank records his panel anticipates obtaining would show that the Biden family collected as much as $30 million from foreigners.
“We have more bank records coming in, we’re going to exceed $10 million this week. And I think we’ll get up to between $20 and 30 million,” Comer said when asked by Fox Business host Maria Bartiromo about how much money the committee has been able to identify as being obtained by President Biden’s family members from overseas sources.
“Comer has identified nine members of the Biden clan — including first son Hunter Biden, the president’s brother James Biden, his brother’s wife, Sara Biden, the widow of the president’s late son, Hallie Biden, Hunter’s current wife, Melissa Cohen Biden, and Hunter’s ex-wife, Kathleen Buhle — as having allegedly received foreign income,” the New York Post reported.
