Hunter Biden’s lawyer retains ownership of his Chinese business shares

Entertainment Lawyer Kevin Morris Reveals Ownership of Chinese Investment​ Company Once Owned by Hunter Biden

In a recent closed-door interview with Congress, Kevin Morris, an entertainment lawyer, disclosed that he now owns a portion of a ⁢Chinese investment company that was‌ previously owned by ⁤Hunter‍ Biden, according to a transcript obtained by the Washington Examiner.

Morris⁢ confirmed to lawmakers‌ that through his acquisition of‍ Skaneateles, a company previously owned by President Joe Biden’s son, he obtained Hunter⁢ Biden’s 10% stake in⁣ the Chinese investment company.

“I’m‌ not entirely sure what the ‌purpose of Skaneateles was, other than that it held the ​10% stake in the Chinese ⁤company, although I purchased it from Hunter Biden,” Morris stated.

Despite his‍ ownership, Morris clarified that he has not received any payouts from the⁣ Chinese company since taking over the shares in 2021.

The Chinese investment firm, Bohai ⁣Harvest RST (BHR), was founded in 2013 by Hunter Biden and several partners in both the United States and China. It is partly owned⁢ by the Bank⁢ of China.

Hunter Biden previously owned a ​10% stake in BHR ⁣through his company Skaneateles. However, his attorney Chris Clark confirmed in 2021​ that he had divested from it.

Furthermore, Joe Biden campaigned on a promise in ⁣2020 that his family members would ‌not have any business‌ relationships with foreign-owned companies, addressing concerns ‍of potential conflicts of interest⁤ related to Hunter Biden’s foreign‍ business dealings.

Morris explained that‍ he purchased Skaneateles ⁢from Hunter Biden because he​ believed it could be a “very‌ successful investment.”

“I evaluated it as⁤ a businessman, and I thought it was something​ that could⁣ be a very successful investment,” Morris stated. “I did diligence on the assets, and I still see upside.”

In addition‌ to his ownership ‌of the Chinese investment company, ‍Morris revealed during his testimony that he has loaned Hunter Biden millions of dollars since their meeting at a fundraiser for Joe Biden in late ‌2019.

Morris stated that ‌he provided financial assistance to Hunter​ Biden,‌ including loans, payment of bills, and legal fees. He also serves as Hunter Biden’s general counsel.

The ⁤loans between⁣ Morris and Hunter Biden are documented in promissory ‌notes,⁣ and Morris expects​ to be repaid in full,​ along with interest.

Regarding the purchase agreement of Skaneateles, Morris admitted uncertainty ⁢about whether Hunter Biden has the option to buy‍ back the company from him.

What are the implications of Kevin Morris‍ acquiring Hunter Biden’s stake in a Chinese investment company for the‍ entertainment⁣ industry?

Compliance with required regulations and ‍practices is of utmost importance in the entertainment industry. Recently, a ​notable revelation has come to light regarding the ownership of a Chinese investment company once owned by‍ Hunter Biden. In a closed-door​ interview with Congress, entertainment lawyer Kevin Morris‍ disclosed the ​ownership transfer, shedding light on the intricacies of the⁤ legal and financial⁤ aspects involved.

According to ‍the information obtained from the transcript of the interview, Kevin Morris revealed that he now possesses a portion of the Chinese investment company that was previously owned by Hunter Biden. The transcript,‍ obtained by the Washington Examiner, presents the​ details of this ownership‍ transfer, contributing to the​ ongoing discussions surrounding the ⁣business‍ involvements of prominent figures.

During the interview, Morris verified to lawmakers that he acquired Hunter Biden’s 10% stake in the Chinese investment company through his acquisition of Skaneateles, a company previously owned by President Joe Biden’s son. While the purpose of Skaneateles remains uncertain, Morris’s ownership transfer signifies a significant development in the intricate world⁢ of business.

The revelation ‍of Morris’ ownership of‍ a portion of ⁤the Chinese investment company raises questions and invites further investigation into the dealings of Hunter Biden and his involvement in foreign businesses. China’s influence in various sectors, including entertainment, has been a topic ​of scrutiny and concern. The acquisition of ⁣Hunter Biden’s stake by Kevin Morris highlights the intricate web of ​connections and deals involving prominent individuals, emphasizing the need for transparency and accountability.

Transparency is crucial in maintaining public trust, especially when ⁣it comes to the business dealings of individuals in positions of influence. Whether the acquisition of Hunter Biden’s stake by Kevin Morris is a⁤ standard business transaction or holds deeper implications remains to be seen. However, the revelation itself emphasizes the significance of full disclosure ​and diligent⁢ scrutiny in all ‍business transactions involving public figures.

Such ⁢revelations also serve as a reminder⁤ of the importance of legal expertise ​within the entertainment industry. Entertainment lawyers, like Kevin Morris, play a critical role in navigating the complex legal landscape of contracts, acquisitions, and ownership transfers. Their⁢ knowledge and‍ understanding of legal obligations and implications are vital in ensuring that all transactions adhere ​to regulatory standards.

Moving forward, it is essential that the ownership transfer of ⁤the Chinese investment company, ⁣once owned by Hunter Biden⁢ and now partially owned by Kevin Morris, undergoes thorough examination. Legislative bodies and‍ regulatory authorities should scrutinize the transaction to determine its legality and any possible ethical implications. Transparency and adherence to the ‌law will undoubtedly restore public confidence and foster a culture of integrity within the entertainment industry.

In conclusion, the revelation of ‍Kevin Morris’s ownership of a portion of a ⁣Chinese investment company once owned by Hunter Biden highlights the intricate nature of business transactions involving prominent individuals. It underscores the need for transparency, accountability, and legal expertise within the entertainment industry. The ownership transfer raises questions and⁤ emphasizes the⁤ significance of thorough examination and adherence to regulations. Moving forward, it is‍ crucial that all business dealings involving public figures receive diligent scrutiny to maintain public trust and⁣ foster a culture of ⁣integrity.