Despite multiple news outlets reporting in late December that Biden was “in the process” of divesting his share in the company…he still has not done that as he holds on to his stake in a Chinese private equity firm.
According to business records, Hunter Biden still, as of today, holds a 10% stake in BHR Partners through his company, Skaneateles LLC.
Considering that Joe Biden is now the sitting president, he must have been lying last year at a campaign event in Iowa when he said the following:
“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.”
BHR manages over $2 billion in assets and is co-owned by the Bank Of China, which is controlled by the Chinese government.