Posted on 10/18/2019 11:55:31 AM PDT by upchuck
Full title: "‘Fun Times In Beijing’: Hunter Biden Received $700,000 From Company That Held Stake In Chinese Investment Firm"
* Numerous news reports have asserted Hunter Biden received $50,000 a month from the Ukrainian natural gas company Burisma, but available records do not support that claim.
* But the son of former Vice President Joe Biden did receive over $700,000 in payments from a capital management company called Rosemont Seneca Bohai, which obtained a 20% equity stake in BHR Partners, a Chinese investment firm. Hunter Biden served on the board of BHR Partners, which has close ties to the Bank of China.
* Hunter Biden has also dodged questions about whether the $50,000 monthly payments were compensation for his work with Burisma, and his lawyer did not respond to multiple requests for comment on this story.
Hunter Biden received over $700,000 from a New York-based capital management company that held equity in a Chinese investment firm with close ties to the Bank of China, a Daily Caller News Foundation review of Hunter Biden’s Chinese, Ukrainian and American business dealings has found.
And despite the deluge of media reports saying Hunter Biden received $50,000 a month for his work on the board of the Ukranian natural gas company Burisma Holdings, the records tell a much different story.
Hunter Biden, the son of former Vice President Joe Biden, did not receive any compensation directly from Burisma, according to available records. The oft-cited $50,000 a month figure is actually based on payments he received from a New York-based company called Rosemont Seneca Bohai, which was owned and controlled by his longtime business partner, Devon Archer.
Rosemont Seneca Bohai’s Morgan Stanley bank records are publicly available because they were submitted in an unrelated criminal case that involved Archer and an alleged scheme to defraud millions from an American Indian tribe. Archer was found guilty in the case in 2018, but his conviction was later overturned.
The bank records show that in each month between June 2014 and October 2015, Rosemont Seneca Bohai wired between $10,000 and $150,979 to Hunter Biden for undisclosed purposes. In total, Hunter Biden received $708,302 from Rosemont Seneca Bohai, which was under Archer’s care at all times.
During that 17-month timeframe, in June 2015, Rosemont Seneca Bohai obtained a 20% equity stake in Bohai Harvest RST, the Chinese private equity firm that Hunter Biden has been a board member of since its founding in 2013. Hunter Biden announced Sunday he would resign from that position by the end of October.
Bohai Harvest RST is often referred to as BHR Partners in English news reports.
Just four months prior, in February 2015, Archer’s associate, investment banker Dan McClory, said he, Archer and BHR Partners CEO Jonathan Li, were pictured meeting with a leader of the Chinese State Assets Commission (SASAC), which as of 2017 managed $26 trillion in Chinese state assets.
“Group shot with the Director General of Chinese State Assets Commission. He’s the short guy at center,” McClory emailed his associates after the meeting. “Sasac is the largest controlling shareholder in the world … I brought them to BHR. Jonathan Li of BHR is third from right.”
“Fun times in Beijing,” McClory added. “Devon was stellar.”
McClory’s email was received as evidence in Archer’s trial. A witness testified that Archer was the individual third from the left in the photo attached to McClory’s email.
Rosemont Seneca Bohai held onto its 20% equity in BHR Partners until October 2017 when its stake was split in half between two companies, according to Chinese business records. One of the entities that took a portion of Rosemont Seneca Bohai’s equity in BHR Partners was Skaneateles LLC, where Hunter Biden is one of two co-directors, according to business records.
More at the link...
Did he pay taxes on his income?...............
“You’re asking the wrong questions! Focus on THAT MAN! Focus on Trump!”
Hunter is very good in bribing officials in emerging countries like the Ukraine. Hunter can bribe 24/7 from his Baltimore office or his Dad’s DC office.
Use his Dad’s web site or toll free number for bribe quotes: Official Web Site: www.joebiden.com/ ... Phone: (302) 574-2008 .
Even better is where is James J Bulger nephew of serial killer Whitey Bulger and his Thorton Group which supposed to have a piece of this action too.
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