Hunter Biden's old firm got $10M in forgiven COVID loans while donating to Dems
Category: News & Politics
Via: texan1211 • 3 years ago • 11 commentsBy: Miranda Devine (New York Post)
S E E D E D C O N T E N T
By Miranda Devine
December 2, 202211:30pmUpdatedDecember 2, 202211:33pm
David Boies' law firm -- which once employed Hunter Biden -- took a $10.14 million loan from the Paycheck Protection Program. Bloomberg via Getty Images; AP
Hunter Biden's past employer, law firm Boies Schiller Flexner, received $10 million in forgiven pandemic loans from the federal government — while donating nearly $1 million to Democratic candidates, an independent investigation has found.
Of 300 top law firms investigated by transparency nonprofit Open the Books, Boies took the single-biggest loan, $10.14 million, from the Paycheck Protection Program, established by the Trump administration in 2020 to help mom-and-pop businesses survive the pandemic. The loan was forgiven in 2021.
Meanwhile, the firm — headed by longtime Joe Biden donor David Boies — billed $480 million to clients in 2020 and 2021, and equity partners each earned $4.5 million.
Boies partners and employees donated nearly $1 million in federal campaign cash during the 2020 and 2022 election cycles, including $213,966 to Biden's presidential campaign.
First son Hunter Biden became "of counsel" at the Boies firm in 2010, earning $216,000 annually for a "no-show" job that did not require him to keep regular office hours or attend meetings.
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Let the investigations begin!
It's funny, well, not really, that Biden used forgiveness as a wedge in the illegal student loan forgiveness debacle.