Sat. Jul 13th, 2024

Hunter Biden benefactor Kevin Morris details $6.5M in loans to president’s son

By 37ci3 Jan27,2024

Hunter Biden received more than $6.5 million in five separate loans over two years from an entertainment lawyer. Kevin Morrisaccording to a letter sent this week to one of the congressional committees involved in the GOP’s impeachment inquiry against President Joe Biden.

A copy of Morris’ letter, obtained by NBC News, details the dates, amounts and terms of the loans he made. son of the president It starts from 2021. The loans listed in the letter to the House Oversight Committee included last month’s $1.2 million loan, which is due in full by 2028, and any previously accrued and unpaid interest due next year.

The letter states that the interest rate for all five loans was fixed at 5% and negotiated by separate lawyers.

A spokeswoman for the oversight panel did not immediately respond to a request for comment Friday night, nor did an attorney for Hunter Biden.

The letter comes a week after Morris, a Hollywood-based attorney, met with Hunter Biden in 2019, sat down for a transcribed interview with the Republican-led committee and discussed lending the president’s son millions of dollars to pay off his tax debts. Committee staff had requested copies of the loan documents – which have not yet been received by the panel.

In nearly six hours of closed-door testimony to staff and members of the House Oversight, Judiciary and Ways and Means committees last week, Morris detailed how he met Hunter Biden at a fundraiser for his father’s 2019 presidential campaign. he was motivated by Hunter Biden’s fight, not his father’s candidacy, and discussed loans he made from 2016 to 2019 in the form of direct payments to third parties to pay rent, child support, legal fees to other attorneys, and unpaid tax liabilities.

House Republicans have targeted Biden in their impeachment inquiry against the president. House Oversight Committee Chairman James Comer, R-Ky., accused Hunter Biden and other members of the president’s family of engaging in “shady business practices,” but offered no concrete evidence of wrongdoing or influence peddling by the president.

Rob Walker is the latest known associate of the president’s son to sit down for a transcribed interview Friday morning behind closed doors with the House Oversight and Judiciary panels.

According to a copy of his opening statement obtained by NBC News, Walker told the committees that his business pursuits with Hunter Biden were “within the scope of legitimate business activities” and that the president was never involved while in office or as a private citizen.

“To be clear, President Biden has never — whether in office or as a private citizen — been involved in any of our business dealings. Any statement to the contrary is simply false,” Walker said. “Hunter always made sure there was a clear line between any business and his father. Always. And as his partner, I always understood and respected that line.”

Before after to defy congressional subpoena Hunter Biden is expected to make a statement at the door appears for closed sediment Feb. 28 with the House Oversight and Judiciary panels.

He also faces federal charges in two separate cases. Biden was indicted on nine counts in California last month tax related paymentsincluding three felony counts and later pleaded out not guilty. He also pleaded not guilty to a separate federal indictment weapons charges.

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By 37ci3

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