Politics
Hunter Biden ‘STILL owns stake’ in China firm despite Joe vowing none of his family would have foreign dealings
HUNTER Biden still owns a piece of the Chinese private equity firm that has suspicious links to his father – 100 days into Joe Biden’s presidency and after Biden promised no family members would engage in foreign business.
Hunter, who owns a 10 percent stake in the Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co., stepped down as a board member while his father ran for president.
This comes even as Biden said his family would have no foreign business[/caption]
But he still has yet to get rid of his stake in the company, even after Biden pledged no family member will have foreign business dealings with other countries or corporations.
“My son, my family will not be involved in any business, any enterprise, that is in conflict with or appears to be a conflict, with the appropriate distance from, the presidency and the government,” Joe Biden said.
“No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member,” Joe Biden said in October 2019, right when Hunter resigned from the board.
Nor “will they, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country,” he added.
Biden owns the 10 percent stake through his company Skaneateles LLC.[/caption]
Hunter still owns his stake despite Biden’s pledge as a direct jab at Trump’s family nepotism[/caption]
But Chinese financial documents show that he still has his stake owned through his company, Skaneateles LLC.
When Fox News asked the White House for comment, an official directed to White House Press Secretary Jen Psaki’s comments about Hunter’s investments.
“He has been working to unwind his investment, but I would certainly point you — he’s a private citizen,” Psaki said in February.
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“I would point you to him or his lawyers on the outside on any update.”
Hunter in October 2019 pledged he also wouldn’t serve on foreign boards should his father become president.
He also emphasized he only joined the company after his father was no longer vice president.
