IRS seeks charges after Hunter Biden raided $40,000 from daughter’s college fund for drugs, prostitutes

The IRS considered hit first son Hunter Biden with felony tax charges for his removal of nearly $40,000 from his daughter’s college fund and failure to report it as additional income on his 2019 returns, even though he still used much of the proceeds to pay crack cocaine and prostitutes.

IRS Special Agent Joseph Ziegler he told the House Ways and Means Committee that federal tax investigators discovered “approximately $39,820” that Hunter Biden, now 53, looted from his high school-age daughter Maisy’s 529 college savings plan.

The Daily Mail first informed about the ill-advised decision to empty the account.

A few weeks earlier, Hunter had dodged a family intervention and instead holed up in a hotel to smoke crack, according to his 2021 memoir “Beautiful Things.”

After liquidating Maisy’s college savings, she dug deeper into her addiction over the next few months, sending payments to his drug dealer, a web cam service i prostitutes in the following weeks, emails appear on his laptop.

The IRS also found “personal distributions he had claimed as business deductions totaling approximately $12,791,” according to Ziegler’s affidavit to the House panel on the five-year federal investigation into the first child’s finances .

But after recommending felony charges for the $52,611 in unreported income, federal prosecutors sought a misdemeanor tax count for failing to pay $22,860 in taxes.

The disclosure is one of several Ziegler and IRS Special Oversight Agent Gary Shapley made to the House committee, who allege the Justice Department is “slowly moving” its investigation into Hunter Biden and prevented them from taking certain investigative steps, including examining evidence tracks. this could lead to his father, President Biden.

IRS investigators found the first son skimmed more than $2.2 million in tax payments from the $8.3 million in income he made from deals in Ukraine, Russia and China , others.

On December 17, 2018, Hunter received an alert that she only had 44 cents left in her Wells Fargo bank account, and immediately asked her wealth management team if she could “transfer 20k from Maisy’s 528 account to staff,” according to the emails. found on his abandoned laptop.

A Wells Fargo manager responded later that day that they could “sell the funds and send a check” but they couldn’t “roll into your account.”

Three days later, the troubled first son responded in what appears to be a scattered mood that the wealth managers should “liquidate” everything, including the 529 funds, because his ex-wife, Kathleen Buhle, was using the your access to the accounts after your divorce to make your own payments.

“Start reading the last couple of sentences first. Live both. BUT READ the end first,” Hunter wrote on December 20, 2018. “Liquidate what you can. Send Burisma payment to the account [ending in] 5858. Do not pay a single automatic payment or check that I have not personally authorized. Close all accounts in an orderly manner and I just found out that unfortunately my ex of over 2 years has access to my accounts and has been directing payments to me. [sic]. My accounts on invoices that are not my responsibility.”

Hunter later acknowledged in a December 28, 2018 email to his personal assistant what he had done to deplete Maisy’s college funds when she was due to graduate the following spring from the prestigious Sidwell Friends School in Washington, DC .

“I am fully aware of what Kathleen wants. I will deal with the registrations when the time comes,” he said he said to Katie Dodge in a rant accusing her of “rarely doing it[ing] anything” to help him pay the bills.

At the time, those bills included $27,945 in tuition for his oldest daughter, Naomi, at the University of Pennsylvania; $4,244.70 for Maisy’s High School; and a $1,700 payment for his Porsche, among others.

“All brokerage accounts may then be closed and Maisy’s account should be closed and the check sent to the CA address as soon as possible,” Hunter wrote, and add: “If you haven’t noticed Katie, my business partner is now a prisoner on death row in China,” referring to Ye Jianmingthe chairman of the Chinese government-backed energy conglomerate CEFC, who had been arrested for corruption.

Maysy graduated from the University of Pennsylvania this past May with a degree in fine arts. Hunter and Joe Biden were among those in attendance to watch her collect her diploma, along with first lady Jill Biden and first daughter Ashley Biden.