Hunter Biden was indicted Thursday on nine charges — including three felonies — in part for allegedly dodging more than $1 million in taxes while living a hard-partying “extravagant” life over a four-year period.
The three felonies leveled against President Biden’s 53-year-old son — who faces a maximum penalty of 17 years in prison if convicted on all counts — include one count tax evasion for his 2018 personal taxes and two counts of filing a false return for his 2018 personal taxes and on a corporate income tax return for his company Owasco, PC.
He has also been hit with six misdemeanor counts of failure to pay and failure to file charges for the 2016, 2017, 2018 and 2019 tax years.
“The Defendant engaged in a four-year scheme to not pay at least $1.4 million in self-assessed federal taxes he owed for tax years 2016 through 2019,” Special Counsel David Weiss writes in the 56-page indictment out of the Central District of California.
“In furtherance of that scheme,” Weiss notes that Hunter “subverted the payroll and tax withholding process of his own company, Owasco, PC by withdrawing millions from Owasco, PC” and “spent millions of dollars on an extravagant lifestyle rather than paying his tax bills.”