A review of Hunter Biden’s business records reveals that the former vice president’s son still retains a significant stake in a private equity firm with ties to the Chinese Communist Party, according to National Pulse.
According to the Wall Street Journal, later confirmed by Fox News, Hunter Biden retained a 10 percent stake in Bohai Huamei (Shanghai) Equity Investment Fund Management Co. through Skaneateles LLC. According to company records, Hunter Biden is the sole beneficial owner of Skaneateles.
The company is a multibillion-dollar joint venture between Rosemont Seneca Partners, an investment fund founded in 2009 by Hunter Biden and the stepson of Obama-era Secretary of State John Kerry, and the Communist Party of China’s state-owned Bank of China, among others. The company is a multibillion-dollar joint venture between Rosemont Seneca Partners, a fund established in 2009, and the Communist Party’s state-owned Bank of China. Bohai Huamei gained notoriety less than two weeks after Hunter Biden traveled to China with his father.
The financial arrangement also contradicts Joe Biden’s promise that “no one in my family will have an office in the White House, will not attend meetings like a member of the Cabinet and, in fact, will not have any business relationship with anyone associated with a foreign company or a foreign country,” the elder Biden said at the time.
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