Posted on 10/13/2019 7:31:13 PM PDT by E. Pluribus Unum
Former Vice President Joe Biden’s son Hunter Biden announced Sunday that he was stepping down from his board position at BHR Equity Investment Fund Management, but he likely still has millions of dollars of value in the company. Hunter Biden has a 10 percent stake in BHR, which he acquired through a company he created named Skaneateles LLC in 2017.
Although Hunter Biden’s lawyer has said that his client’s stake in the company is only valued at $420,000, a FactCheck.org analysis estimates it’s value to be millions.
“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Steven Kaplan of the University of Chicago Booth School of Business told FactCheck.org. “The distinction they appear to be making is they capitalized the management company with $4.2 M even if the fund manages $2 B. The value of that management company is likely far in excess of $4.2 M if they are managing $2 B.”
FactCheck.org cited Kaplan estimating that Hunter Biden’s share in the investment company could be valued at around $20 million and up to “hundreds of millions of dollars” over the investment lifetime.
Hunter Biden’s lawyer said that if Joe Biden won the race for president, he would agree “not to serve on boards of, or work on behalf of, foreign-owned companies,” but did not mention his current foreign investments in BHR.
President Donald Trump continues to target Hunter Biden’s foreign investments as corrupt, questioning Vice President Joe Biden’s knowledge of his son capitalizing on his father’s specific diplomacy with China and Ukraine on behalf of former President Barack Obama’s administration.
(Excerpt) Read more at breitbart.com ...
Stepping down. What the hell did he do in the first place?
In the name of Jesus may the darkness be exposed!
Hunter and Lunchbox Joe undoubtedly have money working for them all over the place. It’s all dirty. That’s what happens when you get a 1.5 billion windfall.
We should see that that money is taken away from them for the good of justice and fairness.
Cutting ahead in line is what dems do.
Blowhound Hunter needed that sort of money to fuel his tawdry lifestyle.
He’s an effin idiot. Knows nothing about petroleum/natgas exploration.
And he got it because daddy is a crooked politician.
He is far more like Fredo Corleone than Chris Cuomo.
’ What in the hell did he do in the first place ? “
Well there were the drugs,
(but that would be racisss or bullying or debunked or sexisss or “Orange Man Bad”, or something !!!)
Who does he think he is Chelsea?
So it is wrong for him to serve on these boards while his father is president but not while his father is vice president?
Got it
Amen.
Barack said it was OK and now Trump says it isn’t- that’s why they hate him so much. Trump threatens to expose them all as money launderers and foreign agents
Hunter has enough money to last the average person several lifetimes. But it’s a toss-up if he has enough to burn through for his own.
Hunter Biden did nothing. LOL
It was the sperm of Old Man Biden that did the work.
Sounds tacky, I know; it’s is still true.
Instead of truly helping his son work through the addiction and what actually causes the tie to addiction, Old Man Biden only had thoughts of using him.
Not that Hunter Biden didn’t enjoy the millions....
Now Joe and Hunter are two who need to have their tax returns, bank records and financial records in general subpoenaed. We should be investigating those who got rich after assuming public office, not those who got rich before.
Do? He's gotta *do* something for the money? Sorry, but that just wasn't explained to him, so he'd going to resign. But he'll still be getting paid.
I would LOVE to see the Bidens BANK RECORDS!!! The OFF SHORE ones!
Why resign, if he did nothing wrong? He’s got the money to defend against false charges, if they are false.
Are the Bidens corrupt or is Trump corrupt in asking if the Bidens are corrupt?
Obviously it is Trump!
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