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Hunter Biden tax plea deal in turmoil as prosecutors withdraw

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Hunter Biden’s legal case took an unexpected twist as his lawyers revealed that federal prosecutors had backed out of a prearranged deal that would have seen him pleading guilty to tax-related offenses.

The deal, which included a recommended no-jail sentence, was revoked by prosecutors on Friday. This comes amidst the ongoing criminal investigation into Hunter Biden, son of U.S. President Joe Biden.

In a new filing with the Delaware federal court, Hunter Biden’s legal team highlighted the abrupt withdrawal of the tax plea deal. However, they also emphasized that a separate agreement related to a gun-related crime remains intact. The gun agreement allows Hunter Biden to avoid conviction for the crime.

District Court Judge Maryellen Noreika, who oversees the case, directed U.S. Attorney for Delaware David Weiss to respond to the filing by Tuesday noon Eastern Time.

Tax case

The saga of Hunter Biden’s legal troubles has taken various turns. His expected guilty plea on July 26 for failure to pay federal income taxes was derailed due to concerns raised by Noreika regarding the terms of the agreements presented. The tax-related charges pertained to his failure to pay taxes on income exceeding $1.5 million in 2017 and 2018.

The sudden withdrawal of the tax plea deal coincided with Weiss’ appointment as special counsel by U.S. Attorney General Merrick Garland. This appointment followed the failure of plea talks between Hunter Biden’s legal representatives and Weiss’ prosecution team.

The tax-related plea deal is not the only aspect of the case that faced complications. Prosecutors had also offered Hunter Biden a diversion agreement to drop charges related to possessing a firearm while being a drug user, subject to certain conditions. These conditions were met with skepticism by Noreika during the July 26 hearing.

Notably, a significant sticking point for Noreika was the requirement for her to decide whether Hunter Biden violated the terms of the gun agreement, rather than the U.S. Department of Justice. This provision aimed to depoliticize the situation and prevent any influence from the potential 2024 presidential election.

As the legal proceedings continue, Hunter Biden’s legal team has expressed confidence in reaching a resolution in due course. The case remains a subject of keen interest due to its implications and connections to the highest levels of U.S. political power.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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