Biden's Son Is Director At China-backed Equity Fund, Photos Removed From Firm's Website
Hunter Biden, the second son of Joe Biden, a Democratic candidate for the November 2020 U.S. presidential election, is listed as a director of BHR Equity Investment Fund Management Company, a private investment fund founded in 2013 by Chinese and American partners to make investments outside of China.
U.S. President Donald Trump, whom the senior Biden is looking to replace in the White House, has accused Beijing of paying “billions of dollars” in “payoffs” to the Bidens in exchange for beneficial trade treatment. That accusation may have led to Hunter’s pictures being removed from BHR’s website, but his role with the firm is unchanged.
While Trump’s claims about BHR do not appear to be supported by public records, the Bidens are also in the middle of another deal in the Ukraine where Hunter was appointed to Burisma's board in 2014, while his father was the leading policymaker on Ukraine during the Obama administration. Burisma is a group of energy exploration and production companies based in Kyiv, Ukraine.
As the 2020 election approaches, the chaos will likely escalate. Trump is a populist with a strong base that elected him, in part, to “drain the swamp” of corruption by the “deep state” of lifelong elite politicians and their cronies in the Press, and government agencies like the FBI and even the IRS.
Trump’s enemies see him as a corrupt, dangerous lunatic who is an “insult” to the presidency. The mainstream press in the U.S. is highly biased against Trump and have made it clear they want to overturn his 2016 election victory over Hillary Clinton by any means possible, including impeachment.
On Thursday, Trump called on China to investigate Biden and his son, alleging the younger Biden used his position of influence to secure $1.5 billion in funding from the government-owned Bank of China. The funds were for a private equity firm that Trump claims made millions for the younger Biden.
The other "players" in the BHR deal are Li Xiangsheng (Jonathan Li) and American businessman David Archer. Li said he chose Archer to become a partner because of his “deep” ties to U.S. politics, including Biden’s son in comments Li made in 2014 to the 21st Century Business Herald. BHR’s office in Beijing was closed to visitors Friday and did not reply to phone calls or emails from reporters.
Regardless of the outcome, the winner of the whole situation may be another Democratic presidential candidate Elizabeth Warren who stands to gain if Joe Biden and Donald Trump are damaged politically over events in Ukraine and now China.
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