Posted on 01/26/2024 1:44:40 PM PST by knighthawk
Hunter Biden's bong-smoking Hollywood attorney Kevin Morris actually lent the president's son over $6.5 million dollars - over one million more than he previously disclosed.
According to a letter from Morris' attorney to the House Oversight Committee obtained by DailyMail.com, he made five loan payments to Hunter between October 2021 and December 2023.
The total reaches over $6.5 million dollars - which is well over the amount that Morris disclosed to Congress last week after he was subpoenaed for a closed-door interview.
(Excerpt) Read more at dailymail.co.uk ...
Was he under oath?
Seems like he lied to congress.
Does anybody care?
Didn't think so.
Meanwhile, Rudy Giuliani has to pay $148M because he expressed an opinion that was double-plus ungood.
Is he a cutout laundering money from Democrat donors or the Chinese to the Bidens.?
The gift tax limit is $17,000 in 2023 and $18,000 in 2024. The gift tax rate ranges from 18% to 40%.
taken from Jonathan Turley comments
It is increasingly hard to discern what the Morris/Biden relationship was at any given moment:
<><>Morris is a hard core Democrat, an activist, a campaign donor,
<><>he was also depicted as Hunter’s lender, his lawyer, his friend, an art client
<><>whether the Morris/Biden role-playing was entirely calculated is significant
<><>the two met meeting at a Joe Biden fund-raiser in 2019,
<><>Morris ‘loaned’ the president’s son at least $5 million.
<><>repayment was not required til Biden’s presidential election
<><> the ‘loans’ may ultimately be forgiven.
<><>left unclear is ‘when’ Morris lent Hunter money and ‘when’ he took on other roles.
<><>Morris insists it was all standard ‘loan’ stuff.
<><>except Morris is not a bank, and Hunter was routinely called his legal ‘client’
<><>the Morris/Hunter role smells of de facto campaign contributions to Joe Biden.
<><>Morris’ role-playing to shield Biden’s campaign from political liabilities is disturbing,
<><>professional ethical rules are designed to avoid a blurring of client/lawyer roles.
<><>as a member, Morris is in violation of the Calif Bar’s Rules of Professional Conduct.
<><>Morris has now admitted to providing personal funds to bail out Hunter
<><>Hunter has been confirmed to be a client – or reasonably believes himself to be Morris’s client
<><>this violates the Rules of Professional Conduct and well-known norms of the legal profession.
When the Hunter/Morris relationship began, Morris was playing the role of loyal Democratic donor, an activist who showed up.
He was introduced to Hunter at a 2019 Joe Biden political fundraiser. Soon after......almost as if it was pre-planned......Morris was giving Hunter legal advice AND copious amounts of money, including paying off Hunter’s long-delinquent taxes (before criminal charges were filed).
The Morris money also included paying for Hunter’s lavish lifestyle.......perhaps even Hunter’s coke addiction?
The wily Morris may be most eager to avoid the label “Democratic donor” because the Hunter payments could be viewed as an “unreported campaign donation to Joe Biden.”
Most auspiciously, Morris was brought into the Biden domain during Joe Biden’s campaign for president.
On February 7, 2020, Morris bellyached how paying Hunter’s taxes was a “considerable risk personally and politically.”
Was this a veiled message to Joe Biden, Morris calling for help?
Morris seems to have resolved his “political liability” of paying off Hunter’s taxes, now calling it a “loan.”
Morris’ millions are now on the table as “loans” because, if they are actually gifts, they could create a new tax problem for Hunter ......having to declare such “gifts” to the IRS.
The Morris “loans” would continue. Morris insists that it was all standard “loan” stuff. Except he is not a bank. He was repeatedly referring to Hunter as his “client.”
The taxpayers are paying........
Tax dollars are laundered through do-good federal agencies then given out as “grants” to non-profits “for the children.”
Exactly what I was thinking...Morris could be just another laundering layer for the scheme...we need a timeline on Hunter with these “loans” inserted chronologically.
Has Hunter paid off these loans? If not, then he has to pay tax’s on that money.
washingtonpost.com
snip
Morris, who appeared before a Congressional committee, testified that he met Hunter Biden at a Biden for President Democrat fundraiser in November 2019. Morris said Hunter was someone in need, and they forged a quick connection.
<><>Lawyer Morris agreed to represent Biden.
<><>He bought some of Hunter’s art for $40,000.
<><>soon he was agreeing to help him pay his taxes,
<><>to pay Hunter’s rent,
<><>and settle Hunter’s debts for his Porsche.
Morris declined to answer numerous questions about exactly how much he has loaned to Biden and for what purposes. But he said they have around five promissory notes, with interest, and the terms state that Biden needs to repay them starting in 2025.
snip
Gee, I heard that the IRS has a Gift Tax, 🧐🧐🧐
washingtonpost.com
snip
A transcript from a House panel’s closed-door interview with Hunter’s art dealer Georges Bergès, released this week, provides the most complete picture to date of Hunter Biden’s artwork, including when his paintings have been sold and for how much.
In total, there have been 10 buyers of the art, who have paid a sum of $1.5 million. Under their agreement, the gallerist received 40 percent of the sales while Biden took 60 percent.
Three of the buyers have been identified, while the other seven remain anonymous.
The largest share of the work — 11 paintings, for a total of $875,000 — went to Kevin Morris, who has become one of Biden’s closest friends while also acting as an attorney and financial benefactor.
“I really like Hunter’s art,” Morris said, in a separate transcript released on Tuesday in which he was asked repeatedly by the committee about the roughly $5 million in loans he has made to Hunter. “And, you know, of course, he gets pilloried for it and, you know, all kinds of things said to him. The art is, in my view as an art collector, very good.”
Democratic donor Elizabeth Naftali bought two pieces of Biden’s, one for $52,000 and another for $42,000. President Biden appointed her in 2022 to the U.S. Commission for the Preservation of America’s Heritage Abroad.
William Jacques, an art collector whom Bergès described as a “really good friend” and part-owner of his gallery, bought four pieces for a total of $122,500.
There are seven other buyers, but they have remained anonymous, according to Bergès. He suggested that those purchasers were longtime collectors and customers of his.
Some Republicans and ethics experts have questioned whether buying Hunter Biden’s paintings could be a dubious way for individuals to curry favor with the White House, given that works of art are notoriously hard to value and the president’s son is not an established artist. Biden’s circle strongly denies this, saying the paintings have merit and that none of the purchasers want anything from the White House. They also note that most of them have remained anonymous, making it impossible for them to seek favors in exchange for their purchases.
Bergès entered into his arrangement with Hunter Biden in early December 2020, shortly after Joe Biden was elected president but before he was sworn in. Jacques purchased a painting for $40,000 that month, and one of the unidentified buyers also bought one.
In February 2021, Jacques purchased two more paintings for $25,000 each. Naftali purchased a painting titled “Mother and Daughter” that month for $42,000.
Jacques and Naftali did not respond to requests for comment Tuesday. When her name was revealed as a buyer last year and she was questioned by House Republicans, Naftali’s attorney defended the purchases.
“Any insinuation that her purchase of art was unusual or somehow improper is entirely unsupported,” the lawyer, Jason Abel, wrote in a letter to Rep. James Comer (R-Ky.). “To be clear, Ms. Naftali purchased the artwork solely because she liked the art, and the prices were reasonable.”
He also said that she did not seek out a position on the Commission for the Preservation of America’s Heritage Abroad, and that it came at the instigation not of the White House but of then-House Speaker Nancy Pelosi (D-Calif.). “Any attempt to link Ms. Naftali’s art purchases to her appointment to the Commission is also baseless,” Abel wrote.
The House Judiciary and Oversight committees interviewed Bergès on Jan. 9 in a closed-door session led by a committee lawyer. The panels, which are conducting an impeachment inquiry into President Biden that has yielded little public evidence of wrongdoing, is scheduled to interview Hunter Biden on Feb. 28 after a lengthy back-and-forth over the terms.
Bergès was asked numerous times during his interview about White House involvement in his arrangement with the Georges Bergès Gallery as first described by The Washington Post in July 2021. The Post reported that White House attorneys, concerned about potential ethical issues, urged that any buyers of Hunter’s paintings be kept confidential, a practice that was adopted.
Bergès testified that he never spoke with anyone from the White House, and claimed that he was surprised to read reports about the arrangement. At the time, he did not respond to phone and email messages from The Post, but a person who said she was calling on behalf of Bergès confirmed to The Post that all sales would be kept secret from Hunter Biden.
snip
Didn’t Kevin Morris receiver some of Hunters company holdings for loaning him the money?.
Did he pay taxes on that income yet?
Another loan!
The entire crime family and the complicit media should all have been hanged by now.
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