Oh, yes. I did mention taxes. The IRS will assess taxes on the money and not rescind the assessment just because the whole mess was not kosher. So now they are really $12,000 worse off than before.
Did I mention state taxes as well?
Bidens XO specifically declares the money tax free.
It is taxable in 13 states (currently) but I assume there will be a lot of political pressure to change that.