The investigation, according to a source familiar, began in 2018.
The U.S. Attorney’s Office in Delaware is investigating Hunter Biden’s “tax affairs,” President-elect Joe Biden’s son confirmed Wednesday, saying he is taking the matter “very seriously” and is “confident” he handled his affairs “legally and appropriately.”
“I learned yesterday for the first time that the U.S. Attorney’s Office in Delaware advised my legal counsel, also yesterday, that they are investigating my tax affairs,” Hunter Biden said in a statement. “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.”
A well-placed government source told Fox News that Hunter Biden is a subject/target of the grand jury investigation. According to the source, 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.
The source also tells Fox News that this investigation was predicated, in part, by Suspicious Activity Reports (SARs) regarding suspicious foreign transactions. Another source familiar with the investigation tells Fox News that the SARs were regarding funds from “China and other foreign nations.” The source said President-elect Biden is not a subject of any grand jury investigation at this time.
The investigation, according to a source familiar with the matter, began in 2018.
In a separate statement, the Biden-Harris Transition team said: “President-elect Biden is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks recent months, only to emerge stronger.”
Two sources familiar with the investigation tell Fox News that the investigation includes looking at the laptop purportedly belonging to Hunter Biden.
In October, Fox News first reported that the FBI subpoenaed a laptop and hard drive purportedly belonging to Hunter Biden in connection with a money-laundering investigation in late-2019. full storyFollow Elite Feed!