Hunter Biden’s Financial Woes

By Alana Goodman January 25th, 2020 | Image Source : Washington Examiner

Hunter Biden is defying a court order to disclose his financial information as part of a child support fight while renting a $3.8 million designer home in Hollywood Hills, Los Angeles, for $12,000 per month.

Biden and his new wife, Melissa Cohen, are getting use of a stunning, midcentury modern home for the price.

The house’s owner, Shane Khoh, revealed the arrangement to the Washington Examiner on Wednesday. Khoh, a real estate investor, said he had no prior relationship with Biden or Cohen before they moved into the home last summer.

“I don’t know them at all. I put it out on the market, and they rented it,” he said.

While living in the high-end digs, Biden has been fighting a court order to turn over his financial information as part of a paternity suit in Arkansas. On Tuesday, Circuit Judge Holly Meyer ordered Biden to appear in court on Jan. 29 and “show cause, if any exists, as to why he should not be held in contempt” for allegedly failing to submit the information by the court’s deadline earlier this month.

Lunden Alexis Roberts, the mother of Biden’s one-year-old child, said Biden has failed to disclose the names of any companies he has owned over the past five years, all sources of income and property deeds, his tax records, and other information.

Roberts’s attorneys asked the court in a motion filed late Tuesday to hold Biden in contempt, calling his actions “willful and contemptuous.” “The defendant continues to act as though he has no respect for this Court, its orders, the legal process in this state, or the needs of his child for support,” said the attorneys’ motion.

An attorney for Biden did not respond to request for comment.

Roberts said in a December court filing that Biden has “provided no support for this child for over a year.” A court-ordered paternity test recently confirmed that Biden is the father. Roberts, a former basketball player at the University of Arkansas, gave birth to Biden’s child in August 2018. They reportedly met at a strip club that he frequented in Washington called Archibald’s.

Biden’s new home suggests he has bounced back from prior financial woes. During his 2017 divorce, Biden’s ex-wife claimed he drove the couple into massive debt by spending their money on “drugs, alcohol, prostitutes, strip clubs, and gifts for women with whom he had sexual relations,” according to court filings from the time.

“The parties’ outstanding debts are shocking and overwhelming,” his ex-wife said in the filing. She said they had “maxed-out credit-card debt” and owed at least $313,970 in taxes. She said her husband left her unable to pay for household expenses, claiming they “bounced three checks to their housekeeper and owe medical providers and therapists for outstanding bills.”

Biden has three children with his ex-wife, whom he was married to for two decades. His current wife, whom he married last year, is also pregnant.

Biden’s gated rental home, built by renowned modernist architects Conrad Buff and Donald Hensman, features floor-to-ceiling windows, a pool, a guest house, and panoramic city views. The fully updated abode was on the market for $3.8 million before it was taken off last summer, according to listings.

One of Biden’s businesses, Skaneateles LLC, is registered to the Hollywood Hills address, according to corporate records. Biden used the company to purchase a 10% equity stock in Chinese investment fund BHR Equity Investment Fund Management Co. in 2017, according to his attorney.

Biden’s business dealings in China have faced scrutiny during his father’s presidential campaign. Hunter Biden said he would step down from the board of the BHR investment fund in October, although he has not said whether he would divest his shares in the company. He is still the director at Skaneateles LLC, the company he used to purchase equity in the Chinese fund, the Daily Caller reported in October.

In December, Biden was spotted driving around Los Angeles in a new, white Porsche Panamera, according to the New York Post.

Author: Alana Goodman

Source: Washington Examiner: Hunter Biden renting $12,000-per-month Hollywood home while refusing to pay child support