From 2013 through 2018 Hunter Biden and his company brought in about $11 million via his roles as an attorney and a board member with a Ukrainian firm accused of bribery and his work with a Chinese businessman now accused of fraud, according to an NBC News analysis of a copy of Biden’s hard drive and iCloud account and documents released by Republicans on two Senate committees.
The documents and the analysis, which don’t show what he did to earn millions from his Chinese partners, raise questions about national security, business ethics and potential legal exposure. In December 2020, Biden acknowledged in a statement that he was the subject of a federal investigation into his taxes. NBC News was first to report that an ex-business partner had warned Biden he should amend his tax returns to disclose $400,000 in income from the Ukrainian firm, Burisma. GOP congressional sources also say that if Republicans take back the House this fall, they’ll demand more documents and probe whether any of Biden’s income went to his father, President Joe Biden.
“No government ethics rules apply to him,” said Walter Shaub, a former director of the U.S. Office of Government Ethics who is now an ethics expert with the Project on Government Oversight. Shaub added, however, that “it’s imperative that no one at DOJ and no one at the White House interfere with the criminal investigation in Delaware.” Shaub had previously raised questions about Hunter Biden’s new line of work, selling his own paintings, which created the potential to purchase a painting to buy perceived influence, and also because the White House became involved in the transactions, arranging that none of the buyers’ names be known to Biden, the White House or the public.
Frank Figliuzzi, the FBI’s former assistant director for counterintelligence, said there is a national security risk when foreign powers like China see an opportunity to get close to someone like Biden. “It’s all about access and influence, and if you can compromise someone with both access and influence, that’s even better,” said Figliuzzi, now an NBC News contributor. “Better still if that target has already compromised himself.”
The documents and the analysis indicate that few of Biden’s deals ever came to fruition and shed light on how fast he was spending his money. Expenditures compiled on his hard drive show he spent more than $200,000 per month from October 2017 through February 2018 on luxury hotel rooms, Porsche payments, dental work and cash withdrawals.