Trump Says Hunter Biden ‘Walks Out Of China With $1.5 Billion.’ Biden’s Lawyer Says That’s Not True.

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President Donald Trump alleged Wednesday that Hunter Biden got China to put $1.5 billion in a fund, an assertion flatly denied by Biden’s lawyer, who said earlier this year his client had not received anything from the investment.

Trump, who has made a similar allegation for months, is referencing information from a book by Peter Schweizer, “Secret Empires,” that first detailed how Hunter Biden flew to China on Air Force Two with his father in 2013.

His father, former vice president Joe Biden, had traveled to China at the time to meet with that country’s leaders while he was still in office. Schweizer wrote in a summary of the 2018 book that 10 days after the Bidens arrived in China, “Hunter Biden’s firm scored a $1.5 billion deal with a subsidiary of the Chinese government’s Bank of China.”

Trump on Wednesday put it this way: “When Biden’s son walks out of China with $1.5 billion in a fund and the biggest funds in the world can’t get money out of China and he’s there with one quick meeting and he flies in on Air Force Two. I think that’s a horrible thing. I think it’s a horrible thing.”

Trump made his comments on the day that the White House released a transcript of his conversation in which he urged the president of Ukraine to look into Hunter Biden’s work as a board member of a gas company in that country, a job that was given when Joe Biden was vice president and dealing with Ukraine policy.

House Democrats have launched an impeachment inquiry into Trump’s conversation with Ukrainian President Volodymyr Zelensky, while Trump has tried to keep the focus on what he calls corrupt acts by the Bidens.

In bringing up the China episode, Trump did not provide any new evidence to back up his claims.

Hunter Biden did travel with his father on Air Force Two to China on Dec. 4, 2013.

Twelve days later, Hunter Biden joined the board of a just-formed investment advisory firm, known as BHR, whose partners included Chinese entities. Affiliates of the advisory firm said they planned to raise $1.5 billion.

Some media reports over the past five years have described Hunter Biden as an owner of a private equity company that sought to raise that amount.

However, George Mesires, a lawyer for Hunter Biden, said in an interview earlier this year that his client’s role has been misconstrued. He said Hunter Biden was on the board of the advisory firm that did not directly invest, but instead advised those who did.

Moreover, Mesires said, it was not until October 2017 that Hunter Biden acquired a financial stake in BHR. Hunter Biden bought a 10 percent equity interest that was worth $430,000 in July, Mesires said. At least half of the firm’s stake is owned by Chinese entities, according to business records.

Mesires, asked about the matter in July, said: “To date, Mr. Biden has not received any return or compensation on account of this investment or his position on the board of directors. The characterization of Mr. Biden as owning a $1.5 billion private equity firm funded by the Chinese seriously misconstrues Mr. Biden’s role with BHR.”

Mesires did not immediately respond to a request for comment Wednesday.

(c) 2019, The Washington Post · Michael Kranish  

{Matzav.com}

6 COMMENTS

  1. Why did the father Joe Biden take an allegedly civilian and independent son Hunter Biden with him on an official visit to China on official transport (Airforce 2) in the first place? But I think the point is that Hunter had many different tentacles into China, through many related entities and partners in a horribly complex structure of inter-related companies to obfuscate what was going on, and his lawyer is playing tricks with misdirection from one to another. As example from theintercept:

    > [in 2009] Hunter Biden — along with … Secretary of State John Kerry’s stepson Christopher Heinz … family friend Devon Archer; and … Eric Schwerin — founded several companies using the name Rosemont Seneca.

    > In 2014 [which is shortly after the 2013 trip!] the partners began setting up operations in China [Bohai Harvest RST]. The “RS” in Bohai Harvest RST stands for Rosemont Seneca, and the “T” stands for Thornton Group … founded by … the son of the longtime Kerry ally … William Bulger.

    > Business registration filings in China list Hunter Biden, Schwerin, and James Bulger as key officials at Bohai Harvest
    > Bohai Harvest relies heavily on an international subsidiary of the state-owned Bank of China to finance its investments, referring to itself as an “investment platform under BOC [Bank of China]” on its website.

  2. (Gateway Pundit) – President Obama, his Vice President Biden and his son, Hillary Clinton, the Clinton Foundation, Mueller, the Podestas, the IMF and others all pillaged the Ukraine and then delayed loans to the country before forcing Ukrainians to pay grossly inflated natural gas prices. Now these vultures claim they are innocent.
    More than a year ago we reported that Robert Mueller was charging Paul Manafort for actions that Mueller committed himself.
    The Gateway Pundit reported in August last year that Paul Manafort sits in solitary confinement for crimes he allegedly committed stemming from his work as a lobbyist in Ukraine years ago before Donald Trump ran for president. For a little back story, Yulia Tymoshenko runs for reelection in Ukraine, she loses, and just like Hillary, Tymoshenko fails to lose gracefully and promises to #Resist. Her victorious opponent, Viktor Yanukovytch, throws her in jail for what many claim to be bogus charges.

    We continued:
    Anyway, due to all the negative publicity stemming from the Tymoshenko debacle, Yanukovytch tried to repair his image before the public, so he hired the lobbyist, Paul Manafort, who then hires John Podesta’s lobbying outfit. Their job was to make Yanukovytch seem like a really likable guy to the Ukrainian public, so Podesta gets both Obama, Hillary Clinton, and John Kerry’s State Department to do photo ops with Yanukovytch because, you know, the DNC coffers needed to be filled during election time, so they had to sell Yanukovytch as a real class act to the adoring public. Obama even went so far as to declare the Ukrainian election to be free and fair.
    But guess who else did photo ops with Yanukovytch? Bob Mueller, the same Mueller that’s now prosecuting these very people. Rod Rosenstein’s memo said Mueller was specifically authorized to investigate allegations that Manafort “[c]ommitted a crime or crimes arising out of payments he received from the Ukrainian government before and during the tenure of President Viktor Yanukovych.” Of course Mueller never recused himself from the Trump-Russia sham investigation due to his activities in the Ukraine. Meanwhile, Manafort rots in prison for his actions in the Ukraine working with Hillary Clinton’s Campaign Manager John Podesta. Mueller even gave Podesta’s brother Tony immunity during his corrupt ‘witch hunt’.
    But this was just a small part of the corruption and pillaging of the Ukraine by the Democrat Party leaders.
    Via the Markets Work, the far left New York Times reported how the Clintons pillaged the Ukraine:
    Victor Pinchuk, a steel magnate whose father-in-law, Leonid Kuchma, was president of Ukraine from 1994 to 2005, has directed between $10 million and $25 million to the [Clinton] foundation. He has lent his private plane to the Clintons and traveled to Los Angeles in 2011 to attend Mr. Clinton’s star-studded 65th birthday celebration.
    We also reported that Oligarch Victor Pinchuk may have helped divert IMF funds to Hillary Clinton’s 2016 presidential campaign. The Markets Work noted:
    In addition to being a Clinton Foundation donor, Pinchuk is also on the International Advisory Board of the Atlantic Counsel.
    The Atlantic Counsel has been historically active in Ukraine through their Ukraine in Europe Initiative. More recently, on January 19, 2017, the Atlantic Counsel announced a partnership with Ukrainian natural gas company Burisma Group.
    Hunter Biden, former VP Joe Biden’s son, sits on Burisma’s board.

    As we reported previously:
    Also serving on the International Advisory Board of the Atlantic Council is James Clapper, who served as Obama’s Director of National Intelligence. Funnily enough, Bongino discovered that the Chief Technology Officer of “the only company that investigated the hacking of the DNC’s servers and quickly determined it was the Russians, is a nonresident senior fellow in cybersecurity” at the Atlantic Council. His name is Dmitri Alperovitch (owner of CrowdStrike).”
    So the Clintons, Obama, the Bidens, Mueller, the Podestas and the Atlantic Council all were involved in the Ukraine. But this is just the tip of the iceberg. The IMF also had shady dealings with the Ukraine related to these same Democrats.

    According to Wikipedia –
    On 28 July 2010, the IMF approved a 29-month $15.15 billion loan to Ukraine. Among others this led to a 50 percent increase on household natural gas utility prices in July 2010 for Ukrainian consumers (a key demand of the IMF in exchange of the loan).
    By December 2013, the Ukrainian Prime Minister, Mykola Azarov, stated “the extremely harsh conditions” of a renewed IMF loan (presented by the IMF on 20 November 2013), which included big budget cuts and a 40% increase in natural gas bills, had been the last argument in favor of the Ukrainian government’s decision to suspend preparations for signing the Ukraine–European Union Association Agreement on 21 November 2013. The decision to put off signing this EU-Ukraine Association Agreement lead [sic] to massive protests in Ukraine.
    Then on December 10, 2013, President Yanukovych stated “We will certainly resume the IMF negotiations. If there are conditions that suit us, we will take that path”. However, Yanukovych also (once again) stated that the conditions put forward by the IMF were unacceptable “I had a conversation with U.S. Vice President Joseph Biden, who told me that the issue of the IMF loan has almost been solved, but I told him that if the conditions remained… we did not need such loans”.
    In February 2014 Yanukovych and Azarov were forcibly removed from power (as a result of the pro-EU-Ukraine Association Agreement coup) and replaced by the Yatsenyuk Government.
    In March 2014 the IMF required the Ukraine to reform natural gas price subsidies in order to provide it with an aid package worth about $15 billion. One of the expected effects was a 50% price hike on natural gas sold to domestic Ukrainian consumers.
    The Markets Work reported that Hunter Biden was placed on Burisma’s board after Obama’s State Department employee Victoria Nuland and the U.S. Ambassador to Ukraine Geoffrey Pyatt held a phone conversation regarding installation of Arseniy Yatsenyuk in place of then-President Yanukovych. This call occurred on or before February 4, 2014.
    On February 22, 2014, Yanukovych was removed as President of Ukraine and on February 27, 2014, Yatsenyuk was installed as Prime Minister of Ukraine. (Yatsenyuk would resign in April 2016 amidst corruption accusations.)
    On April 18 2014, Hunter Biden was appointed to the Board of Directors for Burisma – one of the largest natural gas companies in Ukraine. Then on April 22, 2014, Obama’s Vice President Biden traveled to the Ukraine and offered support and $50 million in aid for Yatsenyuk’s shaky new government.
    As a result of all this activity, the Bidens got a place on the Board of one of the largest natural gas companies in the Ukraine, the Clintons received millions from a Ukrainian Oligarch, the IMF got billions in loans with the Ukraine, and the people of the Ukraine were burdened with excessive natural gas prices.

    And there it is.

  3. (Breitbart) – Democrats wrote to the Ukrainian government in May 2018 urging it to continue investigations into President Donald Trump’s alleged collusion with Russia in the 2016 presidential campaign — collusion later found not to exist.
    The demand, which came from U.S. Senators Robert Menendez (D-NJ), Dick Durbin (D-IL, pictured above), and Patrick Leahy (D-VT), resurfaced Wednesday in an opinion piece written by conservative Marc Thiessen in the Washington Post.
    Ironically, Speaker of the House Nancy Pelosi (D-CA) declared Tuesday that the mere possibility that President Trump had asked Ukraine to continue an investigation of former Vice President Joe Biden — even without a quid pro quo — was enough to trigger an impeachment inquiry. (Biden boasted in 2018 that he had forced Ukraine to remove its prosecutor by threatening to withhold $1 billion in U.S. aid; he did not tell his audience at the Council on Foreign Relations that the prosecutor was looking into a firm on whose board his son, Hunter Biden, was serving.)

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