Friday, January 29, 2021

Hunter Biden Continues To Hold Stake In Chinese Private Equity Firm, Records Show, Despite Reports That He Was Planning To Divest

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.

Both the Daily Mail and Fox News reported in late December that Hunter Biden was in the process of offloading his stake in BHR. Both outlets cited an unnamed source with Hunter Biden and his business dealings.

Hunter Biden continues to hold his equity stake in BHR through his company, Skaneateles LLC, as of Wednesday, according to Qixinbao and Baidu, two independent services that provide business records on Chinese corporations based on China's National Credit Information Publicity System.

Hunter Biden is the sole beneficial owner of Skaneateles LLC, according to Washington D.C. corporate records.

Mesires said 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, the Daily Caller News Foundation previously reported.

Schwerin also told Hunter Biden in a December 2018 email that he can expect the Chinese firm to generate income for him "Over the next couple years."

Hunter Biden revealed in December that he was notified that federal prosecutors were investigating his "Tax affairs." Multiple news outlets have reported that investigators are looking into whether Hunter Biden violated money laundering laws in regards to his foreign business dealings in China and elsewhere.
 

https://dailycaller.com/2021/01/27/hunter-biden-ownership-stake-bhr-partners/ 

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