U.S. Vice President Joseph Biden speaks in Wilmington, Delaware, under Fisker’s sign.
Hunter Biden purchased a $142,000, plug-in hybrid sports car from Fisker Karma, which defaulted on a $529 million Obama-era loan.
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.
Some of the testimony presented to a Delaware grand jury also appears to be intended to prevent the first son from mounting a defense based on his admittedly sordid history of drug and alcohol abuse, the Wall Street Journal said.
That testimony came from a former girlfriend, Zoe Kestan, 28, who last month testified about shacking up with Biden, 52, in swanky hotels in New York City and Los Angeles and making lavish purchases during 2018, a source familiar with the matter told The Post.
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.
Then-Vice President Joe Biden said a govt loan for Fisker Karma to produce green-energy cars would create as many as 2,000 jobs for Wilmington, Delaware.
Other investors in the company included some of Hunter Biden’s business partners, according to Breitbart News.
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.
Ht nypost 3/28/22