In a recent revelation, it has been reported that the Internal Revenue Service (IRS) once contemplated levying felony tax charges against Hunter Biden, son of President Joe Biden, for allegedly withdrawing nearly $40,000 from his daughter's college fund.
The funds, originally designated for his daughter's college tuition, were allegedly used for illicit activities such as drugs and prostitutes, according to a report by the Daily Mail.
The Daily Mail, citing records obtained from Hunter Biden's abandoned laptop, reported that his private bankers at Wells Fargo sent him an email on December 17, 2018, warning him that his account balance was down to 44 cents.
In response, Biden reportedly requested the Wells Fargo manager to transfer $20,000 from his daughter Maisy Biden's college savings account to his personal account, acknowledging that penalties would be incurred for such a withdrawal.
However, the investment manager informed Biden that the transfer of funds from a college savings account to a personal account was not permissible. Biden's response to this, three days later, was an incoherent email referencing Ukrainian energy company Burisma and his ex-wife, Kathleen Buhle.
The New York Post, citing emails from Hunter's laptop, reported that following the liquidation of Maisys college savings, Biden's addiction reportedly deepened, with payments being made to his drug dealer, a webcam service, and prostitutes in the subsequent weeks.
At the time, Maisy Biden was preparing to graduate the following spring from Sidwell Friends School, a prestigious high school in Washington, D.C. The New York Post also reported that Biden had several outstanding invoices, including a $27,945 tuition fee for his eldest daughter, Naomi, at the University of Pennsylvania; $4,244.70 for Maisys high school; and a $1,700 payment for his Porsche.
The IRS was reportedly considering felony charges against Biden for withdrawing $39,820 from his daughter's college savings account, which he failed to 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.
Joseph Ziegler, a whistleblower and IRS agent, revealed this information in his testimony before the House Ways and Means Committee. The affidavit reads, "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 childrens 529 Plan in 2019, additional income of approximately $39,820."
The affidavit further states, "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). As of todays 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."
In an email to his assistant Katie Dodge, Biden also made reference 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. He wrote, "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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