The Biden Cronyism was never going to magically end once the eldest Biden was installed as president. In fact, the issue we held was the rumored criminality would grow into an uncontrollable monster once the family jumped into the driver’s seat. The report from the Daily Caller states that “Hunter Biden continues to hold a 10% stake in the Chinese private equity firm BHR Partners, Chinese business records show, despite multiple reports from December suggesting he was divesting his position in the company.”
It is reported that in December, Hunter Biden was “in the process of offloading his stake in BHR.” However, Skaneateles LLC, a company owned by Hunter Biden, still owns an equity stake in BHR. The report states that “Hunter Biden is the sole beneficial owner of Skaneateles LLC.”
According to the Daily Caller, BHR is co-owned by the Bank of China, a state-controlled bank that together with BHR manages $2.1 billion in assets.
We are told the Biden family promises to be harder on China than President Trump. When the only living son to the President of the United States owns an equity stake in a company that works with a Chinese state-controlled bank, what’s the likeliness the family keeps their promise?
Hunter Biden’s lawyer, George Mesires, wrote “in an October 2019 statement that Hunter Biden had not received any return on his investment in BHR, but emails located on a copy of Hunter Biden’s alleged laptop show that he was told on multiple occasions by his business partner Eric Schwerin that he would begin receiving significant payments from the firm beginning in 2019,” reports the Daily Caller.
Joe praised Hunter for showing “the kind of man of integrity he is” after his lawyer’s October statement said that Joe’s son would be stepping down from his position on the Chinese company’s board. Still, it took six months before Hunter Biden was officially removed from BHR’s online business records.
And even more important, this is yet another campaign promise that Biden has broken in his short time as King of the fools. Joe Biden told reporters on the campaign trail in Iowa that “No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationships with anyone that relates to a foreign corporation or foreign country. Period. Period. End of story.”
But with anything and everything that revolves around Joe Biden and his corrupt family, it’s never the “end of the story.”
ARTICLE SOURCE: thefederalistpapers.org