Hunter Biden Says He Is Under Federal Investigation For ‘Tax Affairs’

Topline

President-elect Joe Biden’s son Hunter Biden said in a statement Wednesday that he is under investigation by the U.S. Attorney’s Office in Delaware for his “tax affairs.”

Key Facts

Biden, who became a flashpoint during the campaign for his past business dealings, said he is “confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately.”

The Biden transition team said in a statement that the president-elect 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 investigation dates back to 2018 and may extend beyond taxes to potential money laundering, according to CNN and Fox News.

The investigation was “largely dormant” in the final stages of the presidential election in accordance with Department of Justice guidelines restricting “overt actions that could affect an election,” CNN reported.

Forbes has reached out to a spokesperson for U.S. Attorney David C. Weiss for comment.

Key Background

The FBI subpoenaed and took possession of a laptop owned by Hunter Biden and left at a Wilmington, Del., repair shop in 2019. The owner of the repair shop, John Paul Mac Isaac, told the New York Times he met with FBI agents and informed them of the existence of the laptop due to the “alarming” and “embarrassing” content he said it contained.

Tangent

Trump focused much of his attention in the last months of the campaign on Biden’s family, and Hunter Biden in particular, despite criticism from some Republicans – including staunch Trump-ally Sen. Ted Cruz (R-Tex.) – who argued the issue was a dud with voters. Trump even went as far as to label the Biden family an “organized crime family” and call to “lock up the Bidens.”

What To Watch For

Biden was reticent to weigh in on or even acknowledge allegations about his son during the campaign, at times lashing out at reporters who asked about them. That the transition put out a statement in place of one from Biden himself signals that approach will likely continue as he continues to put together his administration and transition into government.


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