'The Five': Hunter Biden's 'sugar brother' loans raise questions
'The Five' co-hosts discuss the Hunter Biden investigation as he's to appear for closed door House depositions Feb. 28.
Kevin Morris loaned Hunter Biden approximately $6.5 million — over $1 million more than originally estimated and discussed, his attorney revealed in a letter this week.
Fox News obtained a letter Kevin Morris’ attorney sent to the House Oversight Committee this week. The letter shows a breakdown of the loans and when Morris wants those loans repaid.
Morris was subpoenaed to appear before the committee for a transcribed interview as part of the House impeachment inquiry.
During his interview, Morris testified that he loaned Hunter Biden at least $5 million and began paying his tax liability.
Hunter Biden, son of U.S. President Joe Biden, flanked by Kevin Morris, left, and Abbe Lowell, right, attend a House Oversight Committee meeting on January 10, 2024 in Washington, DC. The committee is meeting today as it considers citing him for Contempt of Congress. (Kent Nishimura/Getty Images)
Morris and his attorney were estimating during the interview, a source told Fox News, and promised to follow-up with exact figures loaned to the first son.
The letter outlines an additional $1.6 million more than Morris had estimated during the interview.
Morris, on Oct. 13, 2021, gave Hunter Biden a loan for approximately $1.4 million. According to the letter, Hunter Biden was to repay the loan, with $500,000 paid by Oct. 1, 2026 and the remaining $417, 634 by Oct. 1, 2027, plus interest.
A few days later, Morris loaned Hunter Biden $2.6 million, with directions to repay the loan by Oct. 1, 2029. That loan, according to Morris’ lawyer, "was used to pay, among other debts, Mr. Biden’s tax debt to the IRS."
On Oct. 17, 2022, Morris loaned Hunter Biden $640,355 to be repaid by Oct. 15, 2027.
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On Dec. 30, 2022, Morris loaned Hunter $685,813.99, to be repaid by Oct. 15, 2027.
On Dec. 29, 2023, Morris loaned Hunter approximately $1.2 million to be repaid by Oct. 15, 2028, with all interest paid by October 2029.
"As negotiated by separate attorneys for Mr. Morris and Mr. Biden, each of these notes has an interest rate of 5%, a set payment term, and were negotiated by separate attorneys for Mr. Morris and Mr. Biden," the letter states.
Hunter Biden, center, and his attorneys Abbe Lowell, right, and Kevin Morris, left, leave the House Oversight and Accountability Committee markup titled "Resolution Recommending That The House Of Representatives Find Robert Hunter Biden In Contempt Of Congress," in Rayburn Building on Wednesday, January 10, 2024. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
In the letter, Morris’ attorney, whose name is redacted, claimed House Oversight Committee Chairman James Comer and "other members" have ignored "the request we made to refrain from mischaracterizing Mr. Morris’ testimony in a public statement."
"One more time—I am asking that this letter and its information not be released out of its context of the questions and answers Mr. Morris gave at his transcribed interview on January 18, 2024," the attorney wrote. "Nothing in this letter shall be considered a waiver of any of my client’s rights, objections, or claims, all of which are expressly reserved."
Morris told the House panel last week that "With respect to the loans, I am confident that Hunter will repay. I did not and do not have any expectations of receiving anything from Hunter's father or the Biden administration in exchange from helping Hunter, nor have I asked for anything from President Biden or his administration."
Special Counsel David Weiss charged Biden with nine federal tax charges, which break down to three felonies and six misdemeanors for $1.4 million in owed taxes that have since been paid.
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Weiss charged Hunter in December, alleging a "four-year scheme" in which the president's son did not pay his federal income taxes from January 2017 to October 2020 while also filing false tax reports.
Hunter Biden pleaded not guilty to all charges.
Weiss also indicted the first son on federal gun charges in Delaware last year. Hunter Biden pleaded not guilty to those charges as well. His attorneys are attempting to have that case dismissed.
Fox News' Lee Ross contributed to this report.
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