The Hunter Biden investigation has taken a new turn as he is set to appear for closed-door House depositions on February 28. In a letter sent to the House Oversight Committee this week, it was revealed that Kevin Morris, a close associate of Hunter Biden, had loaned him approximately $6.5 million, which is over $1 million more than originally estimated and discussed. This revelation raises concerns about campaign finance and sheds light on Hunter Biden’s financial dealings.
Kevin Morris, who was subpoenaed to appear before the committee as part of the House impeachment inquiry, testified that he had loaned Hunter Biden at least $5 million and had also begun paying his tax liability. The letter from Morris’ attorney outlines a breakdown of the loans and the repayment terms. It discloses that Morris loaned Hunter Biden $1.4 million on October 13, 2021, with a repayment deadline of October 1, 2026, and additional loans were made on different dates.
According to Morris’ lawyer, the loans were used to pay off various debts, including Hunter Biden’s tax debt to the IRS. The letter states that the loans were negotiated by separate attorneys for both Morris and Biden and carry an interest rate of 5%. The attorney also expressed concerns about the mischaracterization of Morris’ testimony by House Oversight Committee Chairman James Comer and other members.
The letter also emphasizes that Morris does not expect anything in return from Hunter Biden’s father, President Joe Biden, or his administration. Morris stated during his testimony that he is confident Hunter Biden will repay the loans and that he did not ask for any favors in exchange for his assistance.
The revelations about Hunter Biden’s loans and tax liabilities come at a time when he is already facing legal troubles. Special Counsel David Weiss has charged him with nine federal tax charges, including three felonies and six misdemeanors, for $1.4 million in owed taxes. Hunter Biden has pleaded not guilty to all charges. Weiss has also indicted him on federal gun charges in Delaware, which his attorneys are currently trying to have dismissed.
This latest development in the Hunter Biden investigation adds to the ongoing scrutiny surrounding the Biden family’s financial dealings. It raises questions about potential conflicts of interest and the influence that these financial arrangements may have on political decisions. As the House depositions take place, the public will be closely watching for any further revelations that may shed light on the extent of Hunter Biden’s financial entanglements.
Brooke Singman, a political correspondent and reporter for Digital, Channel, and FOX Business, will provide the latest updates on the 2024 campaign trail and exclusive interviews related to politics.
