The Briefing Room
General Category => Biden Crime Family => Topic started by: mystery-ak on January 27, 2024, 12:10:09 am
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Hunter Biden has received $6.5 million in loans from Kevin Morris since 2021
By
Sarah Bedford
January 26, 2024 4:00 pm
Kevin Morris, an entertainment lawyer and close Hunter Biden confidante, has given the first son $6.5 million in loans, including a previously unreported loan for more than $1.2 million just last month.
In a letter to the House Oversight Committee on Friday, Morris’s attorneys detailed the money their client has transferred to Hunter Biden since his father, President Joe Biden, took office in 2021.
Those loans began in October 2021, the lawyers wrote, with a $1.4 million loan that Hunter Biden will not be required to begin paying back until 2025, after his father’s reelection bid has ended. A second loan Morris gave Hunter Biden in October 2021 for $2.6 million was used to pay tax debts, the letter said.
Morris’s testimony behind closed doors last week to the House Oversight and Judiciary committees focused heavily on the money Hunter Biden has borrowed over the past three years.
During that time, Hunter Biden’s finances were under a microscope in both a child support lawsuit in Arkansas and a yearslong criminal investigation run out of the Delaware U.S. attorney’s office.
more
https://www.washingtonexaminer.com/news/2821303/hunter-biden-received-6-5-million-loans-kevin-morris-2021/
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"Loans?" ... What's Hunter's collateral? What's the interest rate? What's the payment schedule? Is there a notarized or legal contract?
Rich people give each other "loans" that do not need to be repaid as a means of avoiding taxes.
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"Loans?" ... What's Hunter's collateral? What's the interest rate? What's the payment schedule? Is there a notarized or legal contract?
Well, maybe he has an 'art' collection...
Rich people give each other "loans" that do not need to be repaid as a means of avoiding taxes.
Yep. An unrepaid loan is a write off, and there's no income tax on a loan. :shrug:
Could be some Benjamins are going through the Maytag, too.