“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, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country. Period. Period. End of story.” Joe Biden promised in 2019.
But it wasn’t the end of the story, as Joe Biden breaks yet another campaign promise. According to a Fox News report, Hunter Biden still owns a 10% stake in Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co.(BHR). The report states that “President Biden’s son, Hunter Biden, still owns a stake in a Chinese private equity firm 100 days into his father’s presidency.”
Hunter’s lawyer released a statement on behalf of Hunter Biden, saying, “Hunter makes the following commitment: Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests. In any event, Hunter will agree not to serve on boards of, or work on behalf of, foreign-owned companies.”
Hunter uses his company Skaneateles, LLC. to hold a 10% investment stake in Bohai Harvest even after Joe Biden explicitly promised the American people that he would prohibit his family from foreign business deals. BHR is co-owned by the Chinese Community Party, with the state being in complete control.
Hunter Biden stepped down from the board of BHR after critics claimed that he was using his position as the (at the time) former Vice-President’s son to secure the financial backing of the Chinese Communist Party. Hunter Biden allegedly got Chinese investors to give him $1.5 billion while on a trip with his father.
Hunter Biden reportedly invested $420,000 for a $4.2 million stake in the CCP controlled BHR that handles $2.1 billion in assets.
President Trump criticized Hunter over the deal, saying, “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 for one quick meeting, and he flies in Air Force Two, I think that’s horrible.”
Breitbart reports, “BHR owns a stake in Megvii Technology, a Chinese technology company that designs image recognition and deep-learning software. Megvii, whose technology is in line with China’s efforts to use facial recognition systems to boost its civilian surveillance capacities, is also partially backed by the Chinese tech giant Alibaba.”
When Fox News reached out to Joe Biden’s press secretary Jen Psaki for comment on Hunter Biden being directly invested in a Chinese Communist Party-controlled company, Psaki did what she always does, deflected. Psaki protected the troubled son of Joe Biden, saying, “He has been working to unwind his investment, but I would certainly point you … he’s a private citizen … I would point you to him or his lawyers on the outside on any update.”
When the Chinese Communist Party has a direct link to the bank account of the son of the President of the United States, that is a severe national security threat. Americans will sit back defenseless as Joe Biden trades away the remaining good-paying blue-collar jobs to China. Joe Biden and Hunter Biden – both – promised the American people that they would stop taking foreign money. Just look at Joe Biden like a Nascar driver with a prominent pro-China ad place in prime-time on his jacket.