Burisma Slashed Hunter Biden’s Salary When Donald Trump Took Office, New Indictment Shows
Ukrainian energy company Burisma Holdings appeared to reduce Hunter Biden’s salary after his father’s vice presidency concluded and former President Donald Trump took office, according to a new indictment.
Burisma hired Hunter Biden to sit on the company’s board in spring 2014 and began paying him more than $80,000 per month while then-Vice President Biden ran the Obama administration’s Ukraine policy, bank records show. His salary dropped significantly beginning in March 2017, according to a new indictment leveled against Hunter Biden by a grand jury in California Thursday for numerous tax related charges.
“In or around April 2014, the Defendant joined the board of directors of Burisma Holdings Limited,” the indictment reads. Hunter Biden lacked experience in the energy industry and Ukraine affairs prior to his position with Burisma.
“Burisma agreed to pay the Defendant an annual salary of approximately $1,000,000, to be paid in monthly disbursements. In March 2017, Burisma reduced his compensation to approximately $500,000 a year but he continued to serve on the board of directors until in or around April 2019. As a result, he received a total of approximately $1,002,016 in 2016, $630,556 in 2017, $491,939 in 2018, and $160,207 in 2019,” the indictment adds.
According to the new indictment, Burisma cut Hunter Biden’s salary in half two months after Trump took office. That cannot be a mistake. pic.twitter.com/16ASwCVQ7G
— Geoffrey Ingersoll (@GPIngersoll) December 8, 2023
Hunter Biden appeared to not report his 2014 Burisma income on his 1040 tax form, the indictment explains. His money from Burisma in 2014 went to a shell company he formed with another business associate and Burisma board member who is not named in the indictment. (Read more from “Burisma Slashed Hunter Biden’s Salary When Donald Trump Took Office, New Indictment Shows” HERE)
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