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“'The real story involves Hunter Biden going around the world and collecting large payments from foreign governments and foreign oligarchs.' Peter Schweizer Laura Ingraham Hunter made a fortune in Ukraine and in China. He knew nothing about Energy, or anything else.”

Twitter, 09/22/2019

At various times Trump has claimed Hunter Biden “made millions of dollars from China” or “walks out of China with $1.5 billion in a fund” after hitching a ride with his father on Air Force Two. But there is no evidence to support those statements. In December 2013, Hunter Biden and one of his daughters flew from Japan to China with Joe Biden on Air Force Two as the vice president embarked on a diplomatic mission. Twelve days after he flew to Beijing, Hunter Biden joined an advisory board of a fund called BHR Partners, which had announced it would try to raise $1.5 billion. The New Yorker magazine reported that during the trip Hunter Biden arranged for his father to shake hands with Jonathan Li, who ran a Chinese private-equity fund and was one of the partners who had formed BHR. But while Joe Biden was vice president, Hunter Biden was only on the board of the advisory firm that did not directly invest, but instead advised those who did. George Mesires, a lawyer for Hunter Biden, said he only took an equity stake in 2017, after Joe Biden was no longer vice president. Mesires told The Fact Checker that the investment management company “was capitalized from various sources with a total of 30 million RMB [Chinese Renminbi], or about $4.2 million, not $1.5 billion.” Because Biden acquired a 10 percent minority interest, his “capital commitment is approximately $420,000,” Mesires 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,” Mesires added. Hunter Biden announced he would resign from the board of the company on Oct. 31, 2019.


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