Biden was indicted on 9 new charges in California related to allegedly failing to pay taxes
Thursday’s indictment of Hunter Biden on federal charges in California highlights his alleged failure to pay taxes over several years. It sheds light on the nature of his expenditures during that period. The bills, filed by DOJ Special Counsel David Weiss in the U.S. District Court for the Central District of California, reveal that Biden allocated substantial sums, amounting to hundreds of thousands of dollars, towards “sex clubs and strippers.”
This included expenses related to a sex club membership and payments to strippers.
Here are the 5 most salacious details contained in the indictment:Â
1. According to reports, Biden spent $872,172 on “sex clubs and strippers”.
From 2016 to 2019, Biden is accused of expending $683,212 on payments to “various women,” including those with whom he had romantic or sexual relationships. Additionally, he allegedly spent $188,960 on adult entertainment, encompassing a sex club membership, exotic dancers, and visits to strip clubs.
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“Between 2016 and October 15, 2020, Defendant allocated these funds to drugs, escorts, girlfriends, luxury hotels, rental properties, exotic cars, clothing, and other personal items—essentially everything except fulfilling his tax obligations,” stated the indictment.
The total expenditure of $872,172 represents only a fraction of the purported millions spent by Biden during those years. These funds allegedly did not reach the Internal Revenue Service even after receiving financial support between January 2020 and October 2020.
2. He failed to identify payments to a stripper and escort as business expenses
On January 28, 2020, Biden convened with his accountant in California to scrutinize the general ledger of his business entity, Owasco PC, ensuring the accuracy of line items.
While examining the schedules for ‘Office Expenses’ and ‘Professional and Outside Services,’ the indictment asserts that Biden proactively highlighted personal expenses that were erroneously classified as business expenses.
Despite this diligence, the document contends that he overlooked categorizing a $1,500 Venmo payment made on August 14, 2018, to an exotic dancer at a strip club as a personal expense instead of a business one. The Venmo transaction, described by Biden as payment for ‘artwork,’ was noted in the indictment, which clarified that the exotic dancer had not provided any artwork.
Additionally, the indictment alleges that Biden failed to designate an $11,500 payment to an escort for spending two nights with him as a personal expense.
3. According to Biden, he claimed sexual and romantic partners were paid wages to reduce taxes.
As per the indictment, Biden purportedly instructed his assistant in 2018 to enlist three women with whom he maintained romantic or sexual relationships and a fourth woman associated with one of the three onto his business payroll. Additionally, he allegedly arranged for them to receive healthcare benefits through the business.
The document asserts that Biden knew that the wages, totaling $86,000, constituted a “false deduction.” However, it contends that he neglected to disclose this information to his accountants.
The indictment highlights that these payroll expenses were treated as business expenses on Owasco, PC’s Form 1120, reducing Biden’s reported income and lowering his income tax liability.
4. ‘Biden falsely claimed stripper and sex club payments were business expenses’.
During the January 28, 2020, meeting with his California accountant, Biden was accused of falsely designating payments from his personal bank account and other wire transfers as business expenses.
The indictment states, “Many of the expenses the Defendant circled were not, as he knew, business expenses. Instead, they were personal expenses generated during what he described in his memoir as a ‘bacchanal’ in 2018.”
Specifically, Biden allegedly highlighted a payment of $1,248 for airline tickets, ostensibly for an exotic dancer to travel from Los Angeles to New York in September 2018, further emphasizing the misrepresentation of personal expenditures as business-related costs.
As outlined in the indictment, the Defendant allegedly wired money to JP Morgan Chase, presenting these transfers as payments for business expenses to the California accountants. Contrary to this representation, the indictment contends that these wire transfers from the Owasco PC account to JP Morgan Chase were, in reality, intended to cover personal expenses.
In a specific instance cited in the indictment, a wire transfer of $18,000 in July 2018 was executed, with $10,000 designated for a “golf member deposit” to an unnamed individual. However, according to the document, the $10,000 was directed by the Defendant to purchase a membership in a sex club, with the indictment noting that he visited the club in the company of the individual to whom he wired the money.
5. A strip club allegedly charged Biden thousands on his business line of credit.
As per the indictment, Biden purportedly utilized his business line of credit to cover personal expenses while falsely portraying these transactions to the California accountants as business-related.
“In truth, Defendant had used the business line of credit to pay for luxury hotels, restaurants, high-end clothing, and other personal items in New York and California during 2018, among others,” the document states.
This alleged use of funds also reportedly encompassed payments, such as $3,947 to M Street Management, a Washington, D.C. strip club, in January and a $774 Venmo payment to an exotic dancer in April.
US Newzs Digital contacted Hunter Biden’s legal team for comment following the indictment. However, a spokesperson for Special Counsel Weiss declined to provide a comment.