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Hunter Biden didn’t disclose $400,000 in income from Burisma according to business partner: report

Hunter Biden was told by one of his business partners that he did not disclose $400,000 in income from the Burisma gas company on his 2014 tax returns, according to an email obtained by NBC News.

The reported email from Eric Schwerin, then president of Rosemont Seneca Partners, informs Joe Biden’s son that he failed to disclose $400,000 in income from the Ukrainian gas company. Hunter Biden was on the board of Burisma Holdings.

Schwerin sent the email to Hunter on Jan. 16, 2017, to advise him to “amend” his 2014 tax returns with the earnings from Burisma.

“In 2014 you joined the Burisma board and we still need to amend your 2014 returns to reflect the unreported Burisma income,” Schwerin’s email to Hunter reads.

The email also reveals that Hunter was paid more than $1.2 million for the year, which included the $400,000 from Burisma as well as income from Rosemont Seneca Advisors and a legal firm. The report does not say if there was any further communication regarding the $400,000 from Hunter Biden or Schwerin.

NBC News said it was provided the email by Rudy Giuliani’s attorney Robert Costello, who claimed that he was given a copy of one of Hunter’s laptop hard drives that were left at a computer repair shop in Delaware. NBC News noted that it did not have access to the full drive.

Hunter Biden is now the subject of a federal tax investigation. On Wednesday, Hunter issued a statement that was released by the Biden-Harris transition team.

“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,” Biden said. “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.”

The Biden-Harris transition team released a statement that said, “President-elect Biden is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks of recent months, only to emerge stronger.”

On Friday, a Fox News report claimed that Hunter Biden is under “yet another federal criminal investigation into the Biden family that appears to be focused specifically on Hunter Biden’s business dealings with China and his relationship with Burisma Holdings in Ukraine.”

Fox News host Martha MacCallum stated, “This is now the fourth federal investigation that has been reported in recent days.”

Contents from Hunter Biden’s laptop first appeared in a New York Post report published in October, which linked Joe Biden to a top executive at Burisma. The purported emails also connected Hunter Biden to a Chinese energy corporation. During the alleged negotiations with officials with the China Energy Fund Committee, the deal asked for “10 held by H for the big guy?”

In October, most mainstream media companies labeled the “smoking gun” allegations against Hunter Biden as a “disinformation campaign,” despite many of the same details being reported by the New York Times in 2018.

Included was NBC News, which wrote in October, “The disinformation campaign appears to have been successful in its goal of generating a smear against the former vice president’s son.”

The news outlet categorized the accusations against Hunter Biden as a “conspiracy theory” and “fantastical rumors, which NBC News is declining to repeat verbatim.” NBC News compared the Hunter Biden emails to “‘pizzagate,’ a viral disinformation campaign that predates QAnon but also falsely alleges a vast conspiracy of child abuse.”

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Emails show Hunter Biden pursuing ‘lucrative’ deal with Chinese energy company that would be ‘interesting to my family’: Report

Following Wednesday’s release of “smoking gun” emails from a laptop computer that contained photos of Hunter Biden and emails purporting to belong to him, the New York Post released more emails allegedly from Joe Biden’s son. The latest batch of emails purportedly show Hunter pursuing “lasting and lucrative” deals involving a Chinese energy company that he said would be “interesting for me and my family.”

According to the reported emails from 2017, the son of the Democratic presidential nominee communicated with high-ranking officials from China Energy Fund Committee, which at one time was the largest private energy company in China. In 2017, Fortune noted that CEFC had nearly $44 billion in revenue.

Ye Jianming is the former chairman of China Energy Fund Committee. Ye is rumored to have ties to China’s People’s Liberation Army, and a 2018 Financial Times report links him to Chinese military intelligence.

“Ye’s company, CEFC China Energy, aligned itself so closely with the Chinese government that it was often hard to distinguish between the two,” CNN wrote in 2018.

Hunter Biden was reportedly a recipient of an email sent on May 13, 2017, with the subject line: “Expectations.” The email, which was was written by James Gilliar of the international consulting firm J2cR, details “remuneration packages” for six people in a business venture.

Hunter Biden was identified as “Chair / Vice Chair depending on agreement with CEFC (China Energy Co).” His pay was “850” and the email noted: “Hunter has some office expectations he will elaborate.”

“In addition, the email outlined a ‘provisional agreement’ under which 80 percent of the ‘equity,’ or shares in the new company, would be split equally among four people whose initials correspond to the sender and three recipients, with ‘H’ apparently referring to Biden,” the Post reported.

The deal listed “10 Jim” and “10 held by H for the big guy?” Neither “Jim” nor “big guy” were identified.

Gilliar wrote, “I am happy to raise any detail with Zang if there is [sic] shortfalls ?”

“Zang” is an apparent reference to Zang Jian Jun, the former executive director of CEFC China, according to the Post.

Alleged emails from Hunter on Aug. 2, 2017, show him discussing a three-year consulting contract worth $10 million annually “for introductions alone.”

“The chairman changed that deal after we me[t] in MIAMI TO A MUCH MORE LASTING AND LUCRATIVE ARRANGEMENT to create a holding company 50% percent [sic] owned by ME and 50% owned by him,” Biden wrote, according to the email. “Consulting fees is one piece of our income stream but the reason this proposal by the chairman was so much more interesting to me and my family is that we would also be partners inn [sic] the equity and profits of the JV’s [joint venture’s] investments.”

Biden’s alleged email was sent to Gongwen Dong, whom the Wall Street Journal wrote about in October 2018, in regard to the purchase of two luxury Manhattan apartments that “show no financing on either deal.”

“Companies linked to Ye Jianming, a Chinese oil entrepreneur with ties to China’s military, spent roughly $83 million on New York City’s priciest properties,” the Journal reported. “Both of the transactions were executed in the names of limited liability companies that are registered at a Long Island home of Asian financier Gongwen Dong. Mr. Ye’s name doesn’t appear on the business registration document, but the people familiar with the transactions describe him as controlling the companies. Mr. Dong couldn’t be reached for comment.”

Ye reportedly planned to buy $80 million more in New York City real estate, but the former chairman mysteriously disappeared in early 2018, when he was reportedly taken into custody by Chinese authorities.

CEFC China Energy Co. and three of its subsidiaries went bankrupt in April 2020.

The New York Post also obtained an “Attorney Engagement Letter” between Hunter and one of Ye’s “top lieutenants.” Former Hong Kong government official Chi Ping Patrick Ho became the deputy chairman and secretary general of China Energy Fund Committee.

In September 2017, Ho reportedly agreed to pay Biden a $1 million retainer for “Counsel to matters related to US law and advice pertaining to the hiring and legal analysis of any US Law Firm or Lawyer.”

In March 2019, the Department of Justice announced that Ho was sentenced to serve 36 months in prison for “his role in a multi-year, multimillion-dollar scheme to bribe top officials of Chad and Uganda in exchange for business advantages for CEFC China Energy Company Limited (‘CEFC China’).”

In December 2019, Ho was convicted of violations of the Foreign Corrupt Practices Act, money-laundering, and conspiracy to commit the same. Ho reportedly bribed high-ranking government officials in Africa for oil rights in Chad and lucrative business deals in Uganda.

“Patrick Ho bribed officials at the highest levels of government in Chad and Uganda in pursuit of lucrative oil deals and other business opportunities, all while using a U.S.-based NGO to conceal his criminal scheme,” Assistant Attorney General Benczkowski said. “This kind of corruption undermines world markets and tilts the playing field against law-abiding companies and individuals. The Department will continue to investigate and prosecute individuals and corporations that engage in foreign bribery.”

“Patrick Ho schemed to bribe the leaders of Chad and Uganda in order to secure unfair business advantages for the Chinese energy company he served,” said Manhattan U.S. Attorney Berman. “His actions were brazen, including offering the president of Chad $2 million in cash, hidden in gift boxes. Foreign corruption undermines the fairness of international markets, erodes the public’s faith in its leaders, and is deeply unfair to the people and businesses that play by the rules. Today’s sentence recognizes the severe harm caused by Ho’s actions.”

Ho served a three-year prison sentence and was deported to Hong Kong in June.

Also from the laptop, there is allegedly a photo that is dated Aug. 1, 2017. The image shows a handwritten flowchart of the ownership of a business named “Hudson West.” The image shows a 50/50 split between two entities controlled by Hunter Biden and someone identified as “Chairman.”

Hudson West was cited in a report released last month by Sen. Ron Johnson (R-Wis.) and Sen. Chuck Grassley (R-Iowa) titled “Hunter Biden, Burisma, and Corruption: The Impact on U.S. Government Policy and Related Concerns.”

“On the same day that the impending Rosneft deal was announced, Hunter Biden and Gongwen Dong, a Chinese national who has reportedly executed transactions for limited liability companies controlled by Ye Jianming, applied to a bank and opened a line of credit under the business name Hudson West III LLC (Hudson West III),” the report stated.

“Hunter Biden, James Biden, and James Biden’s wife, Sara Biden, were all authorized users of credit cards associated with the account,” the report continued. “The Bidens subsequently used the credit cards they opened to purchase $101,291.46 worth of extravagant items, including airline tickets and multiple items at Apple Inc. stores, pharmacies, hotels and restaurants. The cards were collateralized by transferring $99,000 from a Hudson West III account to a separate account, where the funds were held until the cards were closed. The transaction was identified for potential financial criminal activity.”

The report states that Hudson West III changed ownership at some point and was “divided between Hunter Biden’s law firm Owasco PC (50%) and Coldharbour Capital LLC (50%).”

“Although ownership in Coldharbour Capital is equally divided between two individuals, Mervyn Yan and Tian Zhang, it has a business address identified as the address of Gongwen Dong.”

Hudson West has since been dissolved.

The emails and documents were reportedly found on a MacBook Pro laptop that was dropped off at a computer repair shop in Delaware in April 2019 and never picked up. The contents of the laptop were released by the New York Post and Rudy ­Giuliani.

Emails released on Wednesday allege that Joe Biden met with a top executive at Burisma, the Ukrainian natural gas company, when he was vice president and during his son Hunter Biden’s tenure on the company’s board.

George Mesires, Hunter Biden’s lawyer, previously told the Post, “There is no need for comment on any so-called information provided by Rudy Giuliani.”

Twitter locked the official account of the New York Post on Wednesday for the publication of the bombshell report on Hunter Biden. Facebook suppressed the distribution of the Post’s article on Wednesday.

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