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Expert: Hunter Biden Likely Still Has Millions in China-Backed Investment Fund

Jim_S

Gone But Not Forgotten
GOLD Site Supporter
Expert: Hunter Biden Likely Still Has Millions in China-Backed Investment Fund
by CHARLIE SPIERING 13 Oct 2019

https://www.breitbart.com/politics/...has-millions-in-china-backed-investment-fund/

Former Vice President Joe Biden’s son Hunter Biden announced Sunday that he was stepping down from his board position at BHR Equity Investment Fund Management, but he likely still has millions of dollars of value in the company.

Hunter Biden has a 10 percent stake in BHR, which he acquired through a company he created named Skaneateles LLC in 2017.

Although Hunter Biden’s lawyer has said that his client’s stake in the company is only valued at $420,000, a FactCheck.org analysis estimates it’s value to be millions.

“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Steven Kaplan of the University of Chicago Booth School of Business told FactCheck.org. “The distinction they appear to be making is they capitalized the management company with $4.2 M even if the fund manages $2 B. The value of that management company is likely far in excess of $4.2 M if they are managing $2 B.”

FactCheck.org cited Kaplan estimating that Hunter Biden’s share in the investment company could be valued at around $20 million and up to “hundreds of millions of dollars” over the investment lifetime.

Hunter Biden’s lawyer said that if Joe Biden won the race for president, he would agree “not to serve on boards of, or work on behalf of, foreign-owned companies,” but did not mention his current foreign investments in BHR.

President Donald Trump continues to target Hunter Biden’s foreign investments as corrupt, questioning Vice President Joe Biden’s knowledge of his son capitalizing on his father’s specific diplomacy with China and Ukraine on behalf of former President Barack Obama’s administration.
 

300 H and H

Bronze Member
GOLD Site Supporter
I can not wait till this Friday when the Horwitz report is reviled to the public. Next weekend the Dems will be in a frenzy of worry over the criminal charges that will result. :smile:

Time to knock their block off. Idiots are going to burn, and soon! :thumbup:

Regards, Kirk
 

mla2ofus

Well-known member
GOLD Site Supporter
I bet Hunter is a little pissed at dear old dad because he was too stupid to just keep his mouth shut about the Ukraine deal.
Mike
 

rugerman

New member
I believe that is called a lie of omission, seems like Obama liked to use that tactic, maybe that is where the Biden’s learned about it, or Obama is still in the game passing tips to the democrats.
 
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