Business records have revealed that Hunter Biden, the son of Joe Biden, still owns a minority stake in a private equity firm in China, even despite his father becoming President of the United States over 100 days ago, as reported by the Daily Caller.
Through his company Skaneateles LLC, Hunter still holds a 10 percent equity stake in the Chinese firm BHR Partners. This information was verified by two sources that provide business records about Chinese companies through China’s National Credit Information Publicity System.
The reveal of Hunter’s ongoing business ties to China proves that Joe Biden lied on the campaign trail when, in October of 2019, he claimed that “no one in my family will…have any business relationship with anyone that relates to a foreign corporation or a foreign country.”
The Biden Administration lied again about the situation when, in February of 2021, Press Secretary Jen Psaki falsely declared that Hunter had “been working to unwind his investment,” while also deflecting criticism by pointing out that “he’s a private citizen.”
Hunter’s 10 percent stake was first purchased back in October of 2017, with an investment of approximately $420,000 at the time. BHR, which is co-owned by the CCP-controlled Bank of China, manages roughly $2.1 billion in assets. Furthermore, Hunter is the only beneficial owner of Skaneateles, which shows that he alone would receive any financial benefits from the investment in BHR. Emails recovered from his laptop confirmed that Hunter’s business partner, Eric Schwerin, repeatedly told Hunter that he could expect “a significant distribution” of funds in 2019, and that the BHR investment would begin generating revenue for him “over the next couple of years.”