In a stunning declaration under oath, Hunter Biden, the embattled son of former President Joe Biden, has claimed his family is "broke" and that he is personally "crushed" by an astronomical $17 million legal debt. This remarkable assertion comes amidst an ongoing lawsuit from the prominent Democratic-leaning firm Winston Taylor, which alleges the younger Biden has failed to pay for extensive legal representation covering criminal prosecutions, congressional inquiries, and defamation battles.
"My family doesn't have any money, and it's not their debt anyway," Biden stated in a recently released deposition transcript. He continued, painting a picture of stark financial destitution: "I don't own anything of any value other than — and I don't know the value of it — my paintings which I painted myself. So that's it. And I don't even have any other assets at all, stocks, bonds, anything like that, savings accounts."
The declaration that he possesses "no assets" — "I don't own a car. I don't own a phone," he added in the February deposition — stands in stark contrast to years of documented lavish spending. Hunter Biden’s well-publicized past includes extravagant expenditures on illicit drugs, alcohol, luxury accommodations, prostitutes, and pricey jewelry for his brother’s widow, with whom he was romantically involved.
These exorbitant habits raise immediate questions about how the once high-earning individual, who reportedly pulled in a seven-figure salary from the Ukrainian energy company Burisma and accumulated wealth from selling his art, could now find himself supposedly stripped bare of all assets. The "family doesn't have any money" claim further stretches credulity when considering that former President Joe Biden alone receives over $400,000 annually in government pensions from his decades in Congress and the White House. Apparently, common sense needed a permission slip on this one.
While some reports have suggested former President Biden faces financial challenges post-presidency, including approximately $800,000 in personal debt and increased property taxes, the narrative of the entire Biden family being "broke" fails to hold water against the backdrop of their established income streams and the influence economy they have long operated within.
The core of the legal dispute rests on whether Winston Taylor, a firm known for representing prominent Democrats, understood Hunter Biden’s inability to pay when it agreed to take him on as a client. Biden claims there was an understanding to "work something out." The firm, for its part, contends it made efforts to connect Biden with "donors in the Democratic ecosystem" to help cover his colossal legal tab. This reveals a telling reliance on political patronage to resolve what should be private financial obligations.
Adding another layer to this legal quagmire, the younger Biden secured a relatively minor legal victory in July, an award of $1.7 million in a defamation suit. However, Winston Taylor has promptly moved to place a lien on this judgment, and the defendant, Overstock CEO Patrick Byrne, is reportedly overseas, complicating any efforts at collection. It seems even his 'wins' are mired in complications.
This ongoing saga underscores a pattern of questionable financial dealings and a striking disconnect between the public perception of the Biden family's prosperity and their sworn claims of destitution. For many Americans, it's yet another example of the elite attempting to escape accountability while ordinary citizens bear the brunt of legal and financial burdens. The American people deserve transparency and an end to the double standards that seem to perpetually shield those connected to power.
