Report: Hunter Biden Still Holds Stake In Chinese Firm Despite Promises That He Would Divest – IOTW Report

Report: Hunter Biden Still Holds Stake In Chinese Firm Despite Promises That He Would Divest

Federalist Papers:

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. read more

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