The ongoing federal investigation into Hunter Biden, the son of President Joe Biden, has garnered significant media attention over the past two years.
As per recent developments, enforcement action has been taken against him for violating legal requirements while promoting his international business pursuits.
The current case involves Hunter leveraging his Connecticut law license to obtain a $1 million retainer from the chairman of CEFC China Energy Company in 2017. However, he failed to pay the required $75 Client Security Fund fee to practice law in the state, leading to the suspension of his license for the third time. This resulted in enforcement action against Hunter.
In addition, Hunter allegedly used the House of Sweden in Washington, D.C., to facilitate a deal with CEFC China Energy Co. This led to a retainer payment from the company’s chairman, Ye Jianming, and an $80,000 diamond gift to Hunter. The Biden family was reportedly involved in organizing a deal with CEFC that involved President Joe Biden obtaining a 10% equity stake in a joint venture. Hunter’s former business associate, Tony Bobulinski, was also involved in the deal.
Another recent development includes Hunter’s business partner having access to and moving “1,850 boxes of sensitive documents from then-VP Joe Biden’s White House office.” The lawyers reportedly warned him about the sensitivity of “Obama-Biden transition papers” and didn’t want them involved, particularly if Joe Biden did own them.
The investigation into Hunter Biden began in 2018 and has since shifted its focus to his taxes and potential money laundering. It is being led by the US Attorney’s Office in Delaware and the FBI. While Hunter has denied any wrongdoing, House Oversight Committee Chairman James Comer expressed concern that Hunter Biden was “in proximity” of classified documents found in the garage of his father’s Wilmington, Del., home.
The ongoing investigation has raised significant questions and concerns regarding the Biden family’s international business dealings and possible conflicts of interest. It remains to be seen how the investigation will unfold and its impact on the Biden administration.