Hunter Biden withdrew $40,000 from daughter’s college fund – spent money on drugs and prostitutes: Report

News & Politics

The IRS contemplated charging Hunter Biden with felony tax charges for withdrawing nearly $40,000 from his daughter’s college fund, according to a new report. President Joe Biden’s son allegedly used some of the money designated for his daughter’s college tuition for drugs and prostitutes.

The Daily Mail said of Biden, “His private bankers at Wells Fargo sent him an email on December 17, 2018, warning that he had just 44 cents left in his account, according to records obtained by DailyMail.com from his abandoned laptop.”

According to an alleged email from Hunter’s abandoned laptop, Biden replied by requesting the Wells Fargo manager transfer $20,000 from the college savings account of his daughter – Maisy Biden – to his personal bank account. Biden said he understood that there would be penalties for the withdrawal from his daughter’s college savings fund.

The investment manager informed Biden that he couldn’t move the funds from a college fund to a personal account.

Biden responded three days later with an incoherent email mentioning Ukrainian energy company Burisma and his ex-wife, Kathleen Buhle.

Hunter allegedly wrote:

Yo begin read last couple sentence first. Live you both. BUT READ the end first. 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. So again for clarity, whatever money comes into my account please do not send any money to anyone or anything. Disburse the entirety of any money including liquidation or the 528 Into 5858 or An account that I can withdraw the funds I. Cash today at a physical branch of Wells Fargo. I included George my lawyer on the email. And FYI for all concerned this is not a problem or a negligence or an oversight or wrong in anyway shape or form of Edward Cynthia or any of my brokerage team at all. Not a single bit. All is my my responsibility 100%: thanks guys.

According to the New York Post, “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.”

At the time, Maisy Biden was set to graduate the following spring from Sidwell Friends School – a prestigious high school in Washington, D.C.

The New York Post reported, “At the time, those invoices included $27,945 in tuition for his eldest daughter, Naomi, at the University of Pennsylvania; $4,244.70 for Maisy’s high school; and a $1,700 payment for his Porsche, among others.”

The Internal Revenue Service was purportedly considering felony charges against Biden for withdrawing $39,820 from his daughter’s college savings account that he did not report to the federal government. The FBI also discovered “personal distributions he had claimed as business deductions totaling approximately $12,791,” according to an affidavit.

Whistleblower and IRS agent Joseph Ziegler made the revelations in his testimony before the House Ways and Means Committee.

“At the time of our prosecution referral, we had originally recommended felony tax charges for RHB for the 2019 tax year, which included Title 26 U.S.C. §§ 7201 (Tax Evasion) and 7206(1) (False Return) charges. RHB had failed to report the income related to a distribution he had taken from one his children’s 529 Plan in 2019, additional income of approximately $39,820,” the affidavit reads.

“Based on evidence obtained as a part of the investigation as well as defenses presented, it was determined by the prosecution team, as well as my analysis to not pursue felony tax charges for this tax year (But to still pursue the misdemeanor tax count),” the affidavit states. “As of today’s date, this alleged additional income of approximately $52,611 has not been reported to the IRS and the alleged additional taxes of approximately $22,860 has not been paid to the IRS.”

Biden also wrote an email to his assistant Katie Dodge. He alluded to his “business partner,” Ye Jianming – the former chairman of the China Energy Fund Committee, who is believed to have ties to China’s People’s Liberation Army and mysteriously disappeared in 2018.

“If you haven’t noticed Katie my business partner is now a prisoner on death row in China,” referring to Jianming.

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