The indictment of President Joe Biden’s son Hunter on three felony gun charges caused a splash, but a much bigger legal bombshell is expected to drop soon.
Hunter Biden will likely face federal tax charges for allegedly failing to pay taxes on $4.4 million in income he made in 2017 and 2018 from a Ukrainian energy company, a Chinese private equity firm, and other sources.
Prosecutors now have a fresh slate to charge Biden over the unpaid taxes. The plea deal to failing to pay reflected Biden’s contention that he simply forgot to pay his taxes during a period when he was in the grip of drug addiction. But if prosecutors have evidence that Biden willfully sought to avoid his tax bill, they could charge him with the more serious crime of tax evasion, which is a felony that carries a maximum sentence of five years in prison.
Those entities weren’t named in the plea agreement, but Biden has acknowledged ties to Chinese company CEFC China Energy, Ukrainian energy company Burisma and the law firm Boies, Schiller & Flexner. In all, he made more than $2.6 million from CEFC and Burisma, according to the plea deal. At the July 26 hearing, a prosecutor said Biden could still be charged under a law meant to prevent foreign governments from secretly trying to influence US policy. The Foreign Agents Registration Act requires anyone acting on behalf of a foreign nation to register with the Justice Department.
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