- Sep 30, 2019
- Reaction score
- Political Leaning
Federal probe into Hunter Biden's taxes intensifies, sources sayThe federal investigation into Hunter Biden's business practices is broader than previously known, with multiple sources telling CBS News the probe is exploring whether the younger Biden and his associates violated tax, money laundering and foreign lobbying laws.
Business records reviewed by CBS News and documents released by Republicans in Congress indicate Hunter Biden and his firm were involved in multiple financial transactions with a Chinese energy company called CEFC. Republicans allege that the company is an arm of the Chinese government.
In 2017, the year after Joe Biden left the vice presidency, an official with the Chinese energy company signed a $1 million retainer for Hunter Biden's services as a lawyer.
The new client, CEFC official Patrick Ho, was later convicted on unrelated international bribery and money laundering charges for work in Africa.
This week on the Senate floor, Republican Chuck Grassley presented financial records the Senate obtained that he said showed six-figure payments from the Chinese energy company to Hunter Biden's firm, which included President Biden's brother James Biden.
The federal investigation into President Joe Biden's son, Hunter Biden, over his tax affairs has intensified in recent weeks, sources familiar with the matter tell ABC News. An increasing number of witnesses have appeared before a grand jury impaneled in Wilmington, Delaware, in recent months...