In a scandal linking the family of Democratic presidential candidate Joe Biden, it was revealed that his son Hunter maintains investments in a company dependent on the Chinese Communist Party (CCP), which offered income in 2019 and for two more years.
Eric Schwerin, Hunter Biden’s business partner, informed him of those financial returns in several emails related to BHR Partners, a company co-owned by the Bank of China, controlled by the CCP, according to the Dec. 16 Daily Caller.
BHR’s assets amount to $2.1 billion, according to its website, and Skaneateles, a company owned by Hunter and Schwerin, owns 10% of that capital.
A search of Chinese business records shows that Hunter Biden still owned this investment on Dec. 16, contrary to Joe Biden’s claims that such a situation would not arise, “No one in my family will have an office in the White House, nor will they sit in meetings as if they were a member of the Cabinet, nor will they, in fact, have any business relationship with anyone who is connected with a foreign corporation or a foreign country. Period. Period. End of story,” Biden said in October 2019, according to USA Today.
In the emails between Schwerin and Hunter, they were also negotiating the rupture of the business relationship established through Skaneateles.
BHR appears to have originated with Rosemont Seneca Partners, founded in 2009, between Hunter Biden and Christopher Heinz, the stepson of former Secretary of State John Kerry.
As vice president of the United States, Joe Biden was on an official trip to China on Air Force Two, accompanied by Hunter in December 2013. Once in China, Joe Biden met with Hunter’s Chinese partners, according to the New York Post.
A few days later, Rosemont Seneca Partners and the CCP-owned Bank of China created the $1 billion Bohai Harvest RST (BHR) investment fund.
A BHR representative said in 2019 that Hunter Biden introduced his father to Chinese private equity executive Jonathan Li during the trip. Li later became BHR’s CEO.
These statements would show that Joe Biden knew about his son’s multimillion-dollar business, contradicting his denials.
Both Hunter Biden and his uncle Jim Biden recently received subpoenas from the U.S. Attorney’s Office in Delaware apparently related to income received from abroad that could include money laundering