DELAWARE — President-elect Joe Biden’s son Hunter Biden on Wednesday revealed he’s under federal investigation for possible tax fraud.
Biden, 50, disclosed the inquiry in a statement released by his father’s presidential transition office.
“I learned yesterday for the first time that the U.S. Attorney’s Office in Delaware advised my legal counsel, also yesterday, that they are investigating my tax affairs,” Hunter Biden said in a statement, New York Post reported.
“I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors.”
A statement attributed to “the Biden-Harris Transition” said, “President-elect Biden is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks of recent months, only to emerge stronger.”
The Post reported in October that the FBI acquired in December 2019 a computer hard drive abandoned by Hunter Biden at a Delaware computer repair shop, according to documents provided by the shop owner.
Some of the documents from the hard drive appeared to link Joe Biden to Hunter’s business dealings in China and Ukraine.
The bombshell story along with subsequent follow-up probes were widely censored by Twitter, even though Hunter Biden business associate Tony Bobulinski confirmed the details. Moreover, Hunter Biden never denied ownership of the laptop in question.
Perhaps of greater concern is that presidential candidate Joe Biden never answered questions about the laptop. Furthermore, a cooperating liberal press allowed him to brush it off as fake news, a hoax, or a setup, depending upon the Biden-aligned network making their editorial comments to discredit the story at any given moment.
UPDATE: A well-placed government source told Fox News that Hunter Biden is a subject/target of the grand jury investigation. According to the source, a “target” means that there is a “high probability that person committed a crime,” while a “subject” is someone you “don’t know for sure” has committed a crime.
The source said President-elect Biden is not a subject of any grand jury investigation at this time.
The source also tells Fox News that this investigation was predicated, in part, by Suspicious Activity Reports (SARs) regarding suspicious foreign transactions.
Another source familiar with the investigation tells Fox News that the SARs were regarding funds from “China and other foreign nations.”
A Treasury Department official, who did not comment on the investigation, spoke broadly about SARs, telling Fox News that SARs are filed by financial institutions “if there is something out of the ordinary about a particular transaction.”
The official told Fox News that the mere filing of a SAR does not mean there has been a criminal act, or violation of regulations, but instead, flags that a transaction is “out of the ordinary” for the customer. The official noted, though, that a SAR could be part of a money laundering or tax investigation.
The investigation, according to a source familiar with the matter, began in 2018.