Comer finds Hunter Biden’s sale of Chinese firm’s shares “suspicious”.

House Republican Investigates Suspicious Transfer of Hunter Biden’s Stake in Chinese Investment Firm

A top House Republican is looking into the “suspicious” transfer of Hunter Biden’s stake in a Chinese government-linked investment firm to his “sugar brother” Hollywood lawyer who helped pay off millions of dollars of his back taxes.

Concerns Raised Over Hunter Biden’s Confidante’s Ownership of BHR Stake

According to business records, Kevin Morris, a close confidante of Hunter Biden, appears to be the current owner of Skaneateles, an LLC started by the younger Biden through which he held his 10% share in Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company, or BHR. Rep. James Comer (R-KY), chairman of the House Oversight Committee, has sent a letter to Morris demanding records from him and raising concerns over Morris’s ownership of the BHR stake.

Investigation into Biden Family’s Shady Business Practices

“The circumstances surrounding Hunter Biden’s transfer of his interest in a Chinese-backed investment fund are suspicious to the Committee,” Comer told the Washington Examiner. “The Oversight Committee will continue investigating the Biden family’s shady business practices and influence peddling to determine whether the Biden family has been targeted by foreign actors and if there is a national security threat.”

Opaque Transaction Raises Concerns

Andy McCarthy, a contributing editor at National Review and a former federal prosecutor, told the Washington Examiner that “rest assured, if this were a Trump story, it would be the only story in America — on Capitol Hill and in the media.” McCarthy said it appears Hunter “has quietly transferred some or all of the entity through which he held the stake — Skaneateles LLC — in an opaque transaction with Kevin Morris” and argued that “given that a ten percent stake in Bohai Harvest RST could be worth many millions of dollars, and given how patently that would enable China to exert influence over the Bidens, investigating it should be a congressional priority.”

Chinese Investment Firm’s Controversial Ties

BHR has invested in a number of controversial Chinese companies that have been sanctioned by the U.S., and it teamed up with a Chinese defense company that helped build up the Russian military and has been implicated in assisting the Kremlin war effort in Ukraine. BHR’s website says the Chinese company currently manages more than 15 billion Chinese yuan — more than $2.11 billion — in assets and that the company “benefits from the support of its Chinese stakeholders” including the state-owned Bank of China.

Hunter Biden’s Confidante and Hollywood Lawyer

Kevin Morris is a wealthy Hollywood A-list lawyer who, until the Hunter saga, was best known for representing the creators of South Park and helping co-produce their Broadway musical, “The Book of Mormon.” Morris reportedly met Hunter in December 2019 at a Biden presidential campaign fundraiser. Hunter and Morris lived in Los Angeles and reportedly became close, and Hunter named Morris as part of “the outstanding team behind this book” when he published his 2021 memoir.

Questions Remain Over Hunter Biden’s Involvement

Representatives for Hunter Biden said last year that he had paid off a roughly million past-due tax bill. He allegedly did so by taking out a massive loan from Morris, who has been helping shape his media narrative and legal strategies. The new BHR document states that the registered capital of the company will be considered 30 million Chinese yuan — approximately $4.23 million — and further states Skaneateles will continue to own 10% of BHR’s registered capital, totaling 3 million Chinese yuan (roughly $423,000). The records from BHR were first unearthed by the Marco Polo investigative group and reported on by several media outlets.

Joe Biden’s Promise

Joe Biden promised in December 2020 that “my son, my family will not be involved in any business, any enterprise, that is in conflict with or appears to be in conflict, with the appropriate distance from, the presidency and government.”

Questions Remain Unanswered

Washington, D.C.’s Department of Consumer and Regulatory Affairs informed the Washington Examiner in March 2022 that there have been no filings submitted for Skaneateles since October 2021, when a two-year report for the entity was filed that listed Hunter Biden as the sole “governor” of the company. Skaneateles is listed as “revoked” in the DCRA’s online business registry because a $300 “reinstatement fee” had not yet been paid for the LLC. Chris Clark, a lawyer for Biden, told the New York Times in November 2021 that his client “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.” Clark declined to provide more clarity on this in 2022.