Posted on 03/28/2022 5:44:25 PM PDT by AnthonySoprano
Prosecutors leading the Hunter Biden tax probe 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 Monday. (Snip) The car in question is a Fisker Karma, which was sold by the Fisker Automotive start-up company after it got $529 million in loan guarantees from the US Department of Energy to develop the Karma and convert an abandoned General Motors factory in the Biden family’s hometown of Wilmington, Del., for a planned line of family-oriented electric vehicles.
Biden’s father, President Biden, was vice president at the time and claimed that 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’ TV talk show in 2012.
But Fisker went bankrupt in 2013 after receiving $192 million in federal loan payments, and the Department of Energy later admitted losing $139 million in taxpayer money on the deal — the most since the 2011 failure of solar panel maker Solyndra, which cost Americans $528 million.
Hunter Biden’s Karma was bought from a New Jersey dealership in 2014 with $142,300 provided by Kazakhstani banking oligarch Kenes “Kenges” Rakishev, the Journal said, citing bank statements it reviewed and a former Biden associate questioned by prosecutors.
(Excerpt) Read more at nypost.com ...
Hunter ends up with one of the special cars off the Production line along with A-list Celebrities. The Company had folded and it’s believed the value would increase for cars that were no longer being produced and only a limited number were made.
Company folds and Taxpayers are screwed.
Ukrainians we’re paying Hunter a $1 Million per year and a Kazakhstani banking oligarch Kenes “Kenges” Rakishev provided $142,300 for Hunter’s vehicle.
He later got a Porsche and I think he’s into a new Porsche now.
I have several Fiskers.
Doesn’t anyone know why he’s above the law?
IRS is great at nitpicking the details and even better at missing the big picture.
Dealer on every block....
Nothing will happen to him.
Then U.S. Vice President Joseph Biden speaks in Wilmington, Delaware, under Fisker’s sign,
touting federal loans. Another green company that went belly-up on our tax dollars.
“Hunter Biden’s Karma was bought from a New Jersey dealership in 2014 with $142,300 provided by Kazakhstani banking oligarch Kenes “Kenges” Rakishev”
I’m sure Hunter got this sweet deal by the business acumen he brought to the table and not any expectation by “Kenges” that he would be receiving favorable U.S. government treatment courtesy of the “Big Guy.”
Hunter info gets juicier and juicier.
Say, Ms. Keston has a rather exotic Eastern European look. I wonder how she and Hunter met. On one of the bag man’s many trips abroad?
Sad. True.
This is an international trend - an international scandal. Part of the decline of the western economies.
Formers or whiskers?
There was a guy who parked near me with one of those.
I liked it.
It loos better in person than the pics
Biden is dirty.
“ This is an international trend - an international scandal. Part of the decline of the western economies. ”
Meanwhile, the Chi-Coms are buying up all of the petroleum reserves.
Sorry, fiskers or whiskers.
The real problem is that this kind of graft probably isn’t illegal. I’s just how things work. Totally corrupt? Yes, but illegal? I doubt it. They’ve got this all figured out.
I keep them in the garage.
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