(Headline USA) Federal prosecutors are considering reaching a settlement for a “significant fine” with Hunter Biden as the investigation into his finances comes to a head, according to the New York Times.
The prosecutors evaluating Hunter Biden’s taxes and foreign consulting work met in recent weeks to discuss how to move forward with the case. Some have floated a settlement with the president’s son if they decide to press criminal or civil charges against him.
Ultimately, Attorney General Merrick Garland will get the final say over how to proceed with the case, the report said.
A grand jury in Delaware has also been assisting the investigation and gathering evidence in recent months. At one point, the grand jury asked a witness to explain references to “the big guy” in Hunter Biden’s emails.
One of Hunter Biden’s former business associates previously identified “the big guy” as President Joe Biden, raising questions about whether the president could get drawn into the federal investigation.
The email in question is dated May 13, 2017, from investor James Gilliar to Hunter Biden and James Biden detailing a “provisional” business deal with Chinese company CEFC. The email asks, in part, about “10 held by H for the big guy.”
“H” appears to refer to Hunter Biden, and “10” is a reference to 10%.
The White House, however, has denied that the president was involved in his son’s business dealings, and has insisted that Hunter Biden did not commit any crimes.
But, according to a Senate Republican report released in 2020, Sen. Chuck Grassley, R-Iowa, obtained Treasury documents showing “potential criminal activity relating to transactions among and between Hunter Biden, his family, and his associates with Ukrainian, Russian, Kazakh and Chinese nationals” while Biden was President Barack Obama‘s No. 2.