Electric cars

Prosecutors consider Hunter Biden’s $142,000 Fisker sports car purchase

Prosecutors consider Hunter Biden's $142,000 Fisker sports car purchase

The prosecutors at the head of the Hunter Biden’s Tax Investigation are investigating his purchase of a $142,000 plug-in hybrid sports car whose manufacturer defaulted on a massive Obama administration loan touted by his father, according to a report released Monday.

Some of the testimony presented to a Delaware grand jury also appears to be aimed at preventing the first son from mounting a defense based on his sordid history of drug and alcohol abusethe the wall street journal noted.

This testimony came from a former girlfriend, Zoe Kestan, 28, who testified last month to having slept with Biden, 52, in fancy hotels in New York and Los Angeles and having made purchases lavish in 2018, a source familiar with the matter said. To post.

The car in question is a Fisker Karma, which was sold by start-up Fisker Automotive after securing $529 million in loan guarantees from the US Department of Energy to develop the Karma and convert an abandoned General Motors plant in the hometown of the Biden family. of Wilmington, Delaware, for a planned line of family electric vehicles.

Biden’s father, President Biden, was vice president at the time and claimed the green energy initiative would create up to 2,000 jobs for assembly workers and serve “as a roadmap for all we can accomplish if everyone works together”.

Oscar-winning actor and environmental activist Leonardo DiCaprio was a Fisker investor who got the company’s first production Karma in 2011, and pop star Justin Bieber was given one for his 18th birthday by manager Scooter Braun on Ellen DeGeneres’ 2012 TV talk show.

Then-Vice President Joe Biden said a loan to Fisker Karma to produce green-powered cars would create up to 2,000 jobs in Wilmington, Delaware.
Bloomberg via Getty Images

Other investors in the company included some of Hunter Biden’s business partners, according to Breitbart News.

But Fisker went bankrupt in 2013 after receiving $192 million in federal loan repayments, and the Department of Energy later admitted to losing $139 million in taxpayer money on the deal — the most since 2011. . failure of solar panel manufacturer Solyndrawhich cost the Americans $528 million.

Hunter Biden’s Karma was purchased from a New Jersey dealer in 2014 with $142,300 provided by Kazakh banking oligarch Kenes “Kenges” Rakishev, the Journal said, citing bank statements it reviewed and a former Biden associate interviewed by prosecutors.

Rakishev and former Kazakh Prime Minister Karim Massimov – who was sacked as his country’s intelligence chief and arrested for treason in January – both posed for a photo with Hunter Biden and his father which was apparently taken at Cafe Milano in Washington, DC in 2015 when the elder Biden was vice president.

Hunter Biden eventually traded in his Fisker for a silver Porsche, his former associate told the Journal.

Prosecutors gathered evidence and presented testimony to the grand jury on the documents behind Rosemont Seneca Bohai LLC’s purchase of the car, as well as the payments the company received for Hunter Biden from the Ukrainian company. energy company Burisma Holdings and how it spent that money, the Journal said. .

2013 Fisker Karma Eco Sport, at the 105th Annual Chicago Auto Show at McCormick Place in Chicago, Illinois.
Prosecutors leading Hunter Biden’s tax probe are investigating his purchase of the expensive hybrid sports car.
Raymond Boyd/Getty Images

Rosemont Seneca Bohai was described in a Senate Republicans explosive report as an “apparent fictitious entity” owned by former Hunter Biden business partner Devon Archer, who was sentenced last month to a year and a day in prison for an unrelated bond fraud scheme that targeted the Oglala Sioux tribe American Indians.

Hunter Biden was paid up to $83,333 a month — or $1 million a year — to serve on Burisma’s board of directors before his father stepped down as vice president, when his salary has been halvedaccording to emails contained on his infamous laptop, The Post reported.

Zoe Kestan attends the American Gods & Now Apocalypse Live Viewing Party at #TwitterHouse.
Zoe Kestan, Biden’s former girlfriend, testified before a grand jury in February.
Getty Images for Starz

Earlier this month, the New York Times said it independently authenticated some of Hunter Biden’s emails, about a year and a half after the first The Post revealed their existence – leading The Times to call them “not verified” and say that they “raised concerns about Russian disinformationahead of Joe Biden’s 2020 presidential victory.

Last month, prosecutors interviewed at least one of Hunter Biden’s associates about his drug addiction, spending habits and state of mind in 2018, a source familiar with the matter told the Journal.

The move suggests they consider whether it would help him defend himself against possible criminal charges so they can present it as evidence before his own attorneys if the case goes to trial, the Journal said.

“It doesn’t necessarily mean an indictment is imminent, but it does indicate an attempt to lock in testimony for a potential trial one day,” former federal tax attorney Matt Mueller told the newspaper.

The Journal did not identify the witness, but a source familiar with the testimony told the Post it was Kestan, who testified before the grand jury for nearly five hours on February 15, immediately after a appearance of the former stripper with whom Hunter Biden has a child out of wedlock.

Hunter Biden has paid about $1 million he owed in back taxes, but it’s unclear whether he still owes the IRS, the Journal said.

Last month, The Times said Hunter Biden had paid a large tax debt that could make it harder for prosecutors to secure a conviction or long sentence for tax offenses.

Neither Hunter Biden’s defense attorney nor the U.S. Attorney’s Office in Delaware immediately returned requests for comment.

Kestan was unreachable.