The number of Revelations related to Huntergate grew. Hunter, the son of 2020 Democratic presidential candidate Joe Biden, was repeatedly told by his former business partner that he would receive a huge payout from a Chinese private equity firm starting in 2019, the Daily Caller News Foundation first reported in emails obtained.
Hunter Biden’s former business partner, Eric Schwerin, also told him in a December 2018 email that BHR Partners, a Chinese private equity firm, would be a source of revenue for him “in the next few years.”
The emails’ disclosures conflict with a statement issued by Hunter’s lawyer, George Mesires, in October 2019. The statement said that Since Taking a 10 percent stake in his company, Skaneateles LLC, two years ago, Biden has received no return or dividends on his INVESTMENTS at BHR.
The emails came from a laptop purportedly belonging to Hunt that had come to light earlier in the “computergate” affair. He is believed to have sent it to a Delaware repair shop in April 2019 and is overdue to collect it. Hunt did not deny that. The shop owner repaired the computer and found no one to pick it up. He used a lawyer to deliver the copy to Rudy Giuliani, the former Mayor of New York.
Mr. Giuliani shared the contents of his computer’s hard drive with the New York Post and others in October. The publication was the first to reveal a large amount of “disturbing” information on the hard drive.
According to the leaked emails, Mr Hunt secured a $150,000 capital loan with a Chinese partner at BHR in July 2017 to help him invest $420,000 in the firm that same year. When the loan came due in December 2018, Mr. Swellin advised Mr. Hunt to extend it for another year so he could use future dividends to pay back the loan.
“BHR’s 2019 payout will be well over $150,000, so extending the loan is a real option.” “Of course, if we execute this agreement as planned, BHR will pay you 100% of these dividends,” Swellin told Hunter Biden and Merris in an email on Dec. 20, 2018.
In a follow-up email a week later, on Dec. 27, Swellin urged Hunter Biden to extend the loan, noting that THE BHR would be his source of income “for years to come.”
One of BHR’s owners includes the state-controlled Bank of China, according to the company’s business records. The company has the equivalent of $2.1 billion under management, according to its website.
In an email dated November 19, 2018, Swellin told Hunter Biden that BHR was withdrawing from Chinese battery maker Contemporary Amperex Technology Co., or CATL, and would have a “huge dividend in 2019.”
The Financial Times examined Hunter Biden’s foreign business relationships in October 2019 and found that BHR’s return on his investment in CATL had nearly doubled. After investing the equivalent of $15.3 million in the battery maker in 2015, the Chinese private equity firm sold its position in CATL for the equivalent of $30.1 million in 2018.
A March 6, 2019, email from Swellin to Mesires showed that Hunter Biden’s loan had been extended.
Swellin and Hunt later fell out over issues such as co-ownership of the Skaneateles. His emails to Hunter Biden in late 2018 and early 2019 appear to be part of negotiations between the two to end their business partnership after falling out.
“I really don’t owe him anything… He owns Skaneateles25 percent of revenue instead of equity.” “He was laid off two or more years ago and no longer receives any portion of his earnings,” Wrote Hunter Biden in an email to Merris. So fuck him.”
The email did not indicate whether BHR paid any dividends to Biden in 2019 or 2020.
The Daily Caller News Foundation, known as DCNF, reached out to Mr. Messias several times to ask whether Mr. Biden had received or expected to receive a payment from BHR. No response was received. Messieres did not respond when asked if the $150,000 loan Biden used to buy the BHR stake had been repaid.
A lawyer representing Mr. Swellin didn’t respond to requests for comment.
Biden changed his message about his son Hunt’s overseas business
Hunter Biden revealed last week that he had been informed that federal prosecutors in Delaware were investigating his “tax affairs.” Several news organizations have reported that the investigation is focusing on Hunter Biden’s business activities abroad, including in China.
Joe Biden, the Democratic presidential candidate, has declared himself a “winner” in 2020. He has repeatedly promised that if he is elected president, none of his family will do business with foreign companies or governments. Chinese business records reviewed Wednesday show that Mr. Biden still holds a 10 percent stake in BHRthrough his limited liability firm, Skaneateles LLC.
Joe Biden changed his story in December about his son’s business dealings abroad. He told CNN that none of his family members would be “involved in any business, business, or business that conflicts or appears to conflict with the presidency and the administration, and will be kept at an appropriate distance.”
Andrew Bates, a spokesman for Joe Biden’s campaign, said in October that the former vice-president “has never even considered doing business with his family, or doing any overseas business. He has never held shares in any such business arrangement, nor has any family member or anyone else held shares for him.”
As first reported by the New York Post in October, an email dated May 13, 2017, about six people sharing the benefits of the partnership showed that a “big guy” owned a 10% stake in Hunter’s and other joint venture with Huaxin Energy, China Eagle Holdings.
Tony Bobulinski, a former business partner of the Biden family, confirmed that same month that Joe Biden was “very familiar” with his family’s business dealings in China. And that 10% “big boss” is Joe Biden.
Joe Biden’s transition team didn’t respond to requests for comment.
So far, several Republicans have called for an investigation into Mr. Biden’s son. Senator Lindsey Graham, the senior Republican, said on Wednesday that he supported the appointment of a special counsel to investigate Mr. Hunt.
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