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It’s been a long time coming.
Hunter Biden has been under federal investigation since 2018 for various tax violations, possible foreign lobbying violations, and more.
The investigation is being led by Delaware U.S. Attorney David Weiss, who is a prosecutor appointed by President Donald Trump.
A federal grand jury has been looking into the case and sources have confirmed the case has reached a “critical stage” to decide whether charges will be filed.
The more serious charge is the violation of foreign lobbying laws. Biden could face false statements charges and tax violation charges.
In December 2020, it was confirmed that Hunter Biden was a subject/target of the grand jury investigation.
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.”
More on this story via Fox News:
The federal investigation into Hunter Biden was predicated, in part, by Suspicious Activity Reports (SARs) regarding suspicious foreign transactions.
Another source familiar with the investigation told Fox News in December 2020 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.
Hunter Biden, weeks after the 2020 presidential election, released a statement acknowledging the federal investigation of his “tax affairs.”
“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,” he said in the December 2020 statement.
