House Oversight Highlights $250k Loan From Chinese Business Associate To Hunter Biden
By Admin
Just The News – Hunter Biden received a $250,000 loan from a Chinese businessman just three months after his father launched his 2020 presidential campaign, and he later transferred the debt to a Hollywood lawyer he befriended, according to evidence gathered by federal and congressional investigators.
The House Oversight Committee first disclosed a few weeks ago that Hunter Biden had gotten a $250,000 wire in July 2019 and used his father’s address in Delaware for the transfer. It was one of the later known foreign payments that Hunter Biden received before he fell on hard times.
Documents gathered by federal law enforcement and reviewed by Just the News show Hunter Biden considered the wire to be a July 25, 2019 "loan" from Xiangsheng “Jonathan” Li, a Chinese businessman whom he had been doing business with for over a decade when they created an investment fund under the name Bohai Harvest RST (BHR).
After Joe Biden became president, the records show, Hunter Biden transferred the debt to Kevin Morris, a Hollywood lawyer whom he befriended after they met at a November 2019 Joe Biden campaign fundraiser in Los Angeles.
The debt was "assumed" by Morris on Nov. 17, 2021 when the lawyer acquired Hunter Biden's stake in the BHR partnership and a separate company called Skaneateles, LLC, according to one record reviewed by Just the News. Hunter Biden "is no longer the primary obligor" as a result of the transaction with Morris, that memo stated.
Morris' assumption of the debt obligation is only part of millions of dollars in assistance the lawyer, a Democrat donor, has given Hunter Biden since the two met.
The relationship is now under investigation by Congress. Most of Morris' assistance is in the form of loans, according to a source close to Hunter Biden. Morris has also been a member of Hunter Biden's legal team from time to time.
“It sure seems that the Bidens get a lot of loans that raise many questions," House Oversight and Accountability Committee Chairman James Comer told Just the News. "Hunter Biden’s defense team was quick to say that the $250,000 wire he received from a Chinese national that listed Joe Biden’s home as the beneficiary address was a loan.
"However, Hunter Biden’s defense team fails to mention that Kevin Morris quietly assumed that loan for Hunter Biden,” Comer added. “Why is Kevin Morris, who is a lawyer and Democrat donor, taking on Hunter Biden’s China debt? This raises serious ethical questions that the White House must answer."
Morris and Hunter Biden's lawyer, Abbe Lowell, did not respond to requests for comment from Just the News.
Li is a Chinese businessman who controlled a firm called Bohai Capital and partnered with Hunter Biden and Devon Archer in 2012 to form Bohai Harvest RST (BHR). BHR was controlled and primarily funded by Chinese state-owned entities, including the Bank of China, according to a Senate report released in 2020. Hunter Biden served on BHR’s board of directors and held a 10% stake in the company from 2017 onward, reportedly receiving no other compensation for his work, according to the report.
The Senate report also said that "Hunter Biden and Devon Archer engaged in numerous financial transactions with Chinese nationals who had deep connections to the Communist Chinese government."
In December 2013, Hunter Biden traveled to Beijing aboard Air Force Two with then-Vice President Joe Biden. The trip came shortly after Li, Archer, and Biden had signed a memorandum of understanding to form BHR. Hunter Biden later acknowledged that he introduced his father to Jonathan Li in the lobby of their Beijing hotel. Twelve days after the trip, BHR was registered in Beijing, according to The Wall Street Journal.
The loan to Hunter Biden came exactly three months after his father announced his presidential candidacy on April 25, 2019. During the campaign, and to this day, Joe Biden flatly denies that his son was making money from China or that he had any knowledge of those business dealings. In one instance, in the October 2020 presidential debate, Joe Biden claimed that his son “has not made money…in China,” despite emerging evidence to the contrary.
Earlier that month, Hunter Biden’s lawyer at the time, George Mesires, addressed Hunter’s role with the company. “Hunter neither played a role in the formation or licensure of the company, nor owned any equity in it while his father was Vice President,” he wrote in a post to Medium. “He served only as a member of its board of directors, which he joined based on his interest in seeking ways to bring Chinese capital to international markets. It was an unpaid position.”
However, Hunter Biden’s own records and emails, show he played a role in forming the company with his partner, Devon Archer, while his father was Vice President. Devon Archer and Hunter Biden spoke with Li about becoming partners in emails obtained from Hunter Biden's laptop.