Two bombshells came out on Tuesday: President Joe Biden agreed to pay Hunter’s legal fees and Joe has $5.2 million of unexplained income in his financial records.
Hunter’s assistant Katie Dodge told bookkeeper Linda Shapero and Biden aide Richard Ruffner that Joe agreed to pay almost $800,000 in legal fees for his son.
From The New York Post:
The spreadsheet shows Hunter Biden’s debts included more than $130,000 in legal fees due “ASAP” to the law firm of Faegre Baker Daniels, with $28,382 owed for “BHR Restructuring.”That appears to be a reference to the Chinese company Bohai Harvest RST (Shanghai) Equity Investment Fund Management, in which Hunter Biden held a 10 percent stake through a company called Skaneateles LLC.BHR is primarily owned by Chinese investors, including the state-controlled Bank of China.Hunter Biden owed Faegre Baker another $20,909 for “Burnham Restructu,” which appears to refer to the Burnham Financial Group, which former Hunter Biden business partner Devon Archer and others invested in as part of a plan to create their own financial services conglomerate.Hunter had an office at the New York headquarters of an asset-management firm that was intended to be merged into Burnham as a part of a deal called a “roll-up,” the Wall Street Journal reported in 2019.
The Daily Mail‘s analysis of President Joe Biden’s financial records reveals $5.2 million of undisclosed income:
Joe was able to pay the bills after earning millions of dollars through his and his wife’s companies after he left office as vice president.Some of the wave of cash came from their book deals and speaking engagements.But the president’s financial filings reveal that he declared almost $7million more income on his tax returns than he did on his government transparency reports, an analysis by DailyMail.com of the president’s financial records shows.Some of that difference can be accounted for with salaries earned by First Lady Jill Biden and other sums not required on his reports – but still leaves $5.2million earned by Joe’s company and not listed on his transparency reports.
Here is the Office of Government Ethics filings. CelticCapri Corp is one of Joe and Jill’s businesses they use for speaking and writing engagements:
2017 – May 2019 filing:
- Jill and Joe Biden income of $8,699,787
- Income attributable to Joe Biden’s company CelticCapri Corp: $7,451,727
May 2019 – 2020 filing:
- Income of $907,160
- CelticCapri Corp income: $613,737
Total: $9,606,947, including $8,065,464 from CelticCapriJoe Biden’s federal tax returns:2017 Income of $11,031,309
- CelticCapri Corp income: $9,636,690
2018 Income of $4,580,437
- CelticCapri Corp income: $3,030,667
2019 Income of $985,233
- CelticCapri Corp income: $578,178
Total: $16,596,979, including $13,245,535 from CelticCapriTax return versus OGE difference: $6,990,032Unaccounted-for difference from CelticCapri: $5,180,071
The Daily Mail wonders if the missing income is connected to Hunter’s legal fees for his agreement with a Chinese energy company.
Emails on Hunter’s laptop suggest the “big guy” would receive a 10% share in the deal with CFEC China Energy Co. Hunter’s business partner Tony Bobulinski confirmed the “big guy” who should get 10% in the emails is Joe Biden.
Bobulinski also wrote in his statement that Hunter called Joe “my chairman and frequently referenced asking him for his sign-off or advice on various potential deals that we were discussing.”
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