Joe Biden’s unexplained income of millions in financial records has finally been revealed by emails found on the abandoned laptop of Hunter Biden.
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According to emails, Joe Biden promised to cover his son Hunter’s legal bills as part of his deal with a Chinese government-controlled company.
The new information connects the president to Hunter’s international business dealings, making his prior claims that he never addressed them with his son even less credible.
After leaving office as vice president, Joe was able to pay his bills after earning millions of dollars through his and his wife’s companies.
Their book deals and speaking engagements contributed to the influx of wealth.
However, according to an analysis of the president’s financial records he declared nearly $7 million more income on his tax returns than he did on his government transparency reports.
Some of the gap can be explained by First Lady Jill Biden’s pay and other sums not needed to be shown on his reports, but there is still $5.2 million made by Joe’s company that isn’t included on his transparency reports.
The ‘missing millions,’ along with emails found on Hunter’s abandoned laptop indicating Joe would have a 10% stake in Hunter’s multibillion-dollar transaction with the Chinese, raises a worrisome question: did Joe Biden get money from the foreign venture?
Joe has agreed to pay his hundreds of thousands of dollars in bills, Hunter’s assistant Katie Dodge wrote in an email to bookkeeper Linda Shapero and Biden aide Richard Ruffner in January 2019.
“I spoke with Hunter today regarding his bills. It is my understanding that Hunt’s dad will cover these bills in the short-term as Hunter transitions in his career,” Dodge said.
With the email, the assistant attached a spreadsheet of bills totaling $737,130.61.
One of the last things on the list was $28,000 in legal expenses for “restructuring” Hunter’s joint venture with the government-controlled Bank of China.
The bill was identified as ‘Faegre Baker Daniels: BHR Restructuring,’ with a cost of $28,382 and a deadline of ‘ASAP.’
Hunter’s two biggest Chinese commercial initiatives are BHR (‘Bohai Harvest RST’) and BHR (‘Bohai Harvest RST’). The state-controlled Bank of China was a co-owner in the joint venture.
George Mesires, Hunter’s personal attorney, is a partner at Faegre Baker Daniels, which is now known as Faegre Drinker.
Hunter spent a total of $68,933.41 on the ‘restructuring’ that began in September 2016 according to a separate October 2018 invoice from the law firm.
“No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country,” Joe promised the same year he took up these bills from Hunter.
Not only did Hunter keep his 10% stake in BHR through 2021, as White House press secretary Jen Psaki acknowledged in February, but the emails also show Joe was aware of it and even agreed to pay Hunter’s legal bills for the firm.
Unpaid taxes from 2015 total $412,309.23, according to the bills.
Hunter took out a million-dollar loan to settle his unpaid tax bill, according to the New York Times, in an apparent attempt to avoid a suspected tax fraud prosecution.
Senator Ron Johnson of Wisconsin, who is probing Hunter’s international business dealings alongside Senator Chuck Grassley, said Joe Biden’s unaccounted-for millions are “another disturbing piece of information that raises questions that deserve answers.”
“When will the corporate media start doing their job and ask President Biden these questions?” he said. “And when will President Biden start being honest with the public? The American people deserve the truth.”
“Evidence of the president’s financial and business connections to Hunter continues to grow. It’s imperative for the first family to show the American people the transparency that they deserve,” said Iowa Republican Grassley.
The president’s son is being investigated by the FBI for tax evasion, money laundering, and illegal lobbying on behalf of foreign clients.
Joe’s financial reports reveal that he had more than enough money to cover Hunter’s mounting expenses.
Joe had a low salary while in office, but soon after he left office, he received a windfall of millions of dollars, much of it from his memoir book contract and exorbitant speaking fees.
On their federal tax forms, provided by the Biden campaign, he and First Lady Jill Biden reported $16.5 million in gross income between 2017 and 2019.
CelticCapri Corp and Giacoppa Corp, which they use for speaking and writing engagements, accounted up the largest majority of the funds.
Joe, on the other hand, only recorded $9.6 million in income for himself and his wife in Office of Government Ethics (OGE) fillings for the same time period.
The remaining $7 million came from the First Lady’s income from her Northern Virginia Community College teaching job, as well as a salary she paid herself from Giacoppa, which the couple did not have to report to the OGE.
However, a comparison of Joe’s CelticCapri company income shown on OGE reports versus what he told the IRS reveals a nearly $5.2 million gap that remains unaccounted for.
No concrete evidence has yet surfaced that Joe profited from any of Hunter’s business deals.
However, a probable inconsistency in the president’s financial filings, as well as his claimed ties to Hunter’s Chinese companies, raises serious doubts about where the $5,180,071 originated.
Joe and Jill’s OGE filing from July 2019 indicates a combined income of $8,699,787 from 2017 to May 2019. This includes $7,451,727 from CelticCapri Corp, according to him.
His OGE form from May 2020 included an additional $907,160 that wasn’t paid until after their 2019 report, bringing the total for the time to $9,606,947 and CelticCapri’s total to $8,065,464.
Joe’s federal tax return for 2017 indicates an adjusted gross income of $11 million, nearly $4.6 million in 2018, and $985,233 in 2019. That’s a total of nearly $16.5 million, or $6,990,032 more than his OGE filings indicated.
Joe’s tax records show that he earned $9,636,690 from CelticCapri in 2017, $3,030,667 in 2018, and $578,178 in 2019, for a total of $13,245,535.
This is $5,180,071 more than he declared on his OGE filings for CelticCapri income.
For many of the couple’s assets, the OGE forms only provide rough value ranges rather than precise values.
Joe and Jill, on the other hand, reported assets worth between $317,028 and $1,080,000 on their 2015 tax return while he was vice president. The couple’s assets ranged from $2,237,033 to $7,955,000 as of July 2019.
According to the figures, assets have increased by at least $1,157,033 and might have increased by as much as $7,637,972.
The president’s tax records show that the majority of his income came from his company, CelticCapri Corp. Some of it is listed as coming from speaking engagements and a book deal for his biography, Promise Me, Dad, on his OGE forms. But it’s unclear where the remaining $5.2 million came from.
Hunter’s business partner James Gilliar suggested in a now-famous email written in May 2017 that 10% of the equity in their joint venture with Chinese oil giant CEFC be ‘held by H for the big guy.’
Tony Bobulinski, another deal partner, claims that the message implied Hunter would covertly keep the shares for his father, who was also involved in the transaction.
Joe is referred to as ‘the big guy’ in several additional emails on Hunter’s laptop.
Hunter’s Chinese partners wired $5 million to a company controlled by the president’s son, according to a Grassley and Johnson report released in September 2020.
Hunter was also given a $1 million retainer by one of the CEFC executives, Patrick Ho, to represent him in a Department of Justice bribery probe.
The president’s son referred to Ho as the ‘f***ing spy chief of China’ in an audio recording stored on Hunter’s laptop.
Ho was the subject of a Foreign Intelligence Surveillance Act (FISA) warrant intended at examining potential foreign spies, indicating that he did appear to have contacts to Chinese intelligence agents.
However, Hunter’s assertion that Ho was China’s “spy chief” – or a senior Chinese intelligence officer – has yet to be verified.
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