Hunter Biden, son of President Joe Biden, is once again in the spotlight following recent news surrounding his financial dealings. According to evidence gathered by federal and congressional investigators, Hunter received a $250,000 loan from a Chinese businessman named Xiangsheng “Jonathan” Li just three months after his father announced his 2020 presidential campaign.
This loan was later assumed by Kevin Morris, a Hollywood lawyer and Democrat donor, who took on the debt on Hunter’s behalf.
The House Oversight Committee had previously disclosed that in July 2019, Hunter Biden received a $250,000 wire transfer, using his father’s Delaware address for the transaction. Documents reviewed by Just the News indicate that Hunter considered this wire as a loan from Li. The two had a longstanding business relationship, having co-founded an investment fund named Bohai Harvest RST (BHR) over a decade ago.
Following Joe Biden’s ascendancy to the presidency, documentation indicates that Hunter shifted the debt to Kevin Morris. The said financial exchange occurred on November 17, 2021, with Morris taking over Hunter’s interests in the BHR partnership as well as in Skaneateles, LLC. Consequently, Hunter’s primary responsibility for the debt was alleviated.
🚨 BREAKING 🚨
In July 2019 (three months after Joe Biden announced he was running for president), Hunter Biden received a $250,000 "loan" from one of his Chinese business associates. This is the wire that used Joe Biden's Delaware house as the beneficiary address.
Well, now we…
— Oversight Committee (@GOPoversight) October 30, 2023
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