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BOMBSHELL: Book to Reveal How Biden Family Siphoned ‘Millions in Taxpayer Cash’—Hunter Biden Just the ‘Tip of the Iceberg’


Written by Rebecca Mansour | 

URL of the original posting site: https://www.breitbart.com/politics/2020/01/09/bombshell-book-to-reveal-how-biden-family-siphoned-millions-in-taxpayer-cash-hunter-biden-just-the-tip-of-the-iceberg/

US Senate Foreign Relations Committee Chairman Joseph Biden visits the Great Wall of China at Badaling, north of Beijing, 10 August 2001. After meeting Chinese leaders for two days, Biden and his delegation left Beijing to meet with villagers and visit the Great Wall. AFP PHOTO/POOL (Photo by Greg Baker … Greg Baker/AFP/Getty, HarperCollins

A forthcoming bombshell book from publishing giant HarperCollins will reveal how five members of Joe Biden’s family—the “Biden Five”—siphoned tens of millions of dollars in taxpayer cash and guaranteed loans. And the recent scandals involving Joe and Hunter Biden, Ukraine, and Burisma are just “the tip of the iceberg,” say sources close to the publisher.

The upcoming book, Profiles in Corruption: Abuse of Power by America’s Progressive Elite, is the latest investigative work from Government Accountability Institute (GAI) President and Breitbart News senior contributor Peter Schweizer.

Publisher HarperCollins has the book under a strict embargo until its January 21 release. Sources with knowledge of its contents say the book will “upend official Washington,” similar to the way Schweizer’s past works like Clinton Cash and Secret Empires did when he broke the Uranium One and Biden-Burisma scandals.

Beyond the Biden revelations, Profiles in Corruption also contains chapters with breaking news on top progressive luminaries, including: Elizabeth Warren, Bernie Sanders, Amy Klobuchar, Kamala Harris, Sherrod Brown, Eric Garcetti, and Cory Booker.

In a statement to Axios’s Mike Allen, the author described the book as “a sweeping, detailed look at how the leading figures of progressivism have leveraged the power of their positions.” The book reportedly took a year and a half to research.

Amazon’s pre-sale book description of Profiles in Corruption states: “Washington insiders operate by a proven credo: when a Peter Schweizer book drops, duck and brace for impact.”

The IRS Placed A Lien On Hunter Biden For About $113,000 In Unpaid Taxes From Year He Served On Burisma Board


Reported by Andrew Kerr | Investigative Reporter |

URL of the original posting site: https://dailycaller.com/2019/12/29/hunter-biden-tax-lien/

The IRS placed a tax lien on Hunter Biden seeking $112,805 in unpaid taxes from 2015, according to records the Daily Caller News Foundation obtained. The federal agency issued the previously unreported lien in November 2018 and it seeks unpaid taxes for a year in which Biden, the son of former Vice President Joe Biden, served on the boards of the Ukrainian natural gas company Burisma Holdings and the Chinese private equity firm BHR Partners.

“We have made a demand for payment of this liability, but it remains unpaid,” the IRS stated in the lien notice, which it filed with the Washington, D.C., Recorder of Deeds. “Therefore, there is a lien in favor of the United States on all property and rights to property belonging to this taxpayer for the amount of these taxes.”

The tax lien was issued against Hunter Biden and his ex-wife, Kathleen Biden, but was delivered to the same address Hunter Biden has on file with Connecticut’s Judicial Branch, an address that is also linked to his law firm, Owasco PC.

It does not appear that Hunter Biden has resolved his tax debt to the IRS. No corresponding lien release form has been filed with the Washington, D.C., Recorder of Deeds.

Hunter Biden’s lawyer, George Mesires, did not return multiple requests for comment asking whether Hunter Biden’s unpaid taxes from 2015 were related to his work with Burisma or BHR Partners and whether the lien has been released.

Hunter Biden was appointed to the board of Burisma in 2014, a post he held until 2019. Hunter Biden did not receive any direct compensation from Burisma — rather, the Ukrainian company wired funds to Rosemont Seneca Bohai (RSB), an American firm controlled by Hunter Biden’s longtime business partner Devon Archer. Between June 2014 and October 2015, RSB wired a total of $708,302 to Hunter Biden each month for undisclosed purposes while RSB was receiving funds from Burisma.

During that 17-month time frame, in June 2015, Rosemont Seneca Bohai obtained a 20% equity stake in BHR Partners, the Chinese private equity firm that Hunter Biden served on the board of starting in 2013. (RELATED: ‘Fun Times In Beijing’: Hunter Biden Received $700,000 From Company That Held Stake In Chinese Investment Firm)

Hunter Biden announced in October that he would resign from BHR’s board by the end of that month, but Chinese business records the DCNF accessed on Dec. 29 still list him as a member of the firm’s board. (RELATED: Business Records Show Hunter Biden Remains On Board Of Chinese Equity Firm)

Kathleen Biden filed for divorce from Hunter Biden in 2016. She said in court documents that they faced a “shocking and overwhelming” amount of debts, including “maxed-out credit card debt, double mortgages on both real properties they own, and tax debt of at least $313,970.”

Kathleen Biden accused Hunter Biden of spending hundreds of thousands of dollars on “his own interests (including drugs, alcohol, prostitutes, strip clubs and gifts for women with whom he had sexual relations) while leaving the family with no funds to pay legitimate bills.”

They finalized their divorce in 2017.

The revelation that the IRS is seeking $112,805 in unpaid taxes from Hunter Biden comes as he’s the subject of an ongoing paternity case in Arkansas from former stripper Lunden Roberts, who’s seeking child support for their 16-month-old child.

Hunter Biden stated under oath in a Nov. 27 court document that he has been unemployed and has had no monthly income since May.

In a motion to compel discovery filed in December, Roberts said Hunter Biden has avoided his “natural and legal duty to support his child by failing to provide basic information about his income, finances, and lifestyle.”

“[I]t should, by now, be abundantly clear to the Court that the defendant is not going to provide any of his discoverable financial information unless the court forces him to do so,” the filing read.

Andrew Kerr: Follow Andrew on Twitter. Contact Andrew securely at AndrewKerrNC@protonmail.com

Republicans to Subpoena Whistleblower, Hunter Biden, Alexandra Chalupa


Written by Kristina Wong | 

URL of the original posting site: https://www.breitbart.com/politics/2019/11/20/republicans-to-subpoena-whistleblower-hunter-biden-alexandra-chalupa/

WASHINGTON, DC – NOVEMBER 20: Rep. Jim Jordan (R-OH) listens as Gordon Sondland, the U.S ambassador to the European Union, testifies before the House Intelligence Committee in the Longworth House Office Building on Capitol Hill November 20, 2019 in Washington, DC. The committee heard testimony during the fourth day of …Alex Edelman/Getty Images

Republicans intend to subpoena testimony and documents related to the anonymous whistleblower, Hunter Biden, and Democratic National Committee contractor Alexandra Chalupa, according to a letter they sent to House Intelligence Committee Chairman Adam Schiff (D-CA).

“Although Speaker Pelosi promised that Democrats would ‘treat the President with fairness,’ you have repeatedly prevented Republicans from fully and fairly examining issues central to the Democrats’ ‘impeachment inquiry,’” House Intelligence Committee Ranking Member Devin Nunes (R-CA) and Oversight and Reform Committee Ranking Member Jim Jordan (R-OH) wrote in a November 20, 2019, letter.

“We therefore write to inform you that we intend to subpoena testimony and records in an attempt to inject some semblance of fairness and objectivity into your one-side and partisan inquiry,” they said.

On the whistleblower, they wrote that the whistleblower’s testimony is “necessary for a full and fair understanding of all relevant facts.” They wrote:

The Inspector General of the Intelligence Community reported that the whistleblower had a political bias against President Trump and public reports suggest that the whistleblower worked closely with former Vice President Joe Biden. In addition, there are multiple discrepancies between the whistleblower’s complaint — the piece of evidence central to the Democrat’ inquiry — and the closed testimony of the witnesses. For these reasons, we must assess the whistleblower’s credibility and the sources he or she utilized to develop the anonymous complaint.

On Biden, they wrote that since witnesses raised the issue of Hunter Biden getting paid $50,000 per month for sitting on the board of a Ukrainian natural gas company that was under investigation, learning more about it would be “directly relevant to the inquiry”:

According to the New York Times, Hunter Biden was ‘part of a broad effort by Burisma to bring in well-connected Democrats during a period when the company was facing investigations backed not just by domestic Ukrainian forces but by officials in the Obama administration.’ Reports suggest that Burisma paid Hunter Biden $50,000 per month through a company called Rosemont Seneca Bohai LLC. Because witnesses explained that Hunter Biden’s presence on Burisma’s board raised concerns during the Obama Administration and President Trump briefly raised this issue during his phone call with President Zelensky, this information is directly relevant to the Democrats’ ‘impeachment inquiry.’

On Chalupa, they also wrote that her testimony would be “directly relevant” since witnesses have testified that Trump believed the Ukrainians “tried to take [him] down”:

In August 2016, less than three months before the election, Valeriy Chaly, then-Ukrainian Ambassador to the United States, authored an op-ed in a U.S. newspaper criticizing candidate Trump. In addition, in January 2017, Politico reported about Ukrainian government’s effort to ‘sabotage’ the Trump campaign in 2016 by working closely with the media and a Democratic National Committee consultant named Alexandra Chalupa. The Politico article detailed how Chalupa ‘traded information and leads’ with staff at the Ukrainian embassy and how the Ukrainian embassy ‘worked directly with reporters researching Trump, [Trump campaign manager Paul] Manafort, and Russia to point them in the right directions.’ Because witnesses testified that President Trump believed that Ukraine ‘tried to take [him] down’ in 2016, this information is directly relevant to the Democrats’ ‘impeachment inquiry.’

Nunes and Jordan concluded:

The American people see through your sham ‘impeachment inquiry.’ The American people understand how you have affirmatively prevented Republicans from examining serious issues directly relevant to the issues. Therefore, to provide some basic level of fairness and objectivity to your ‘impeachment inquiry,’ we intend to subpoena the anonymous whistleblower and Hunter Biden for sworn testimony in closed-door depositions. We also intend to subpoena the following entities for record relevant to the Democrats’ ‘impeachment inquiry’:
    1. The whistleblower for documents and communications relating to the drafting and filing of the complaint dated August 12, 2019, and the personal memorandum drafted on or around July 26, 2019.
    2. Rosemont Seneca Bohai LLC and any subsidiaries or affiliates for records relating to Hunter Biden’s position on the Board of Directors of Burisma Holdings; and
    3. The Democratic National Committee for communications with Ukrainian government officials and for records relating to Alexandra Chalupa.
“We look forward to your prompt concurrence. Your failure to concur with all of these subpoenas shall constitute evidence of your denial of fundamental fairness and due process,” they wrote.

Follow Breitbart News’s @Kristina_Wong.

Today’s TWO Politically INCORRECT Cartoons by A.F. Branco


A.F. Branco Cartoon – Iran Nuclear Breakout

Iran got billions and removal of sanction with smiles. Now they are determined to take the rest and develop nuclear weapons by force.
Iran Breakout Toward Nuclear WeaponsPolitical cartoon by A.F. Branco ©2019. Read more

Fact Check: No, Gordon Sondland Did Not Prove Ukraine ‘Quid pro Quo’


Reported by Joel B. Pollak | 

URL of the original posting site: https://www.breitbart.com/politics/2019/11/05/fact-check-no-gordon-sondland-did-not-prove-ukraine-quid-pro-quo/

Gordon Sondland, the United States Ambassador to the European Union, adresses the media during a press conference at the US Embassy to Romania in Bucharest September 5, 2019. (Photo by Daniel MIHAILESCU / AFP) (Photo credit should read DANIEL MIHAILESCU/AFP/Getty Images)

CLAIM: Ambassador to the European Union Gordon Sondland confirmed, contrary to earlier testimony, that there had been a “quid pro quo” between President Donald Trump and the Ukrainian government: military aid for “dirt.”

VERDICT: FALSE. Sondland said that he “presumed” there was a “quid pro quo.” But he did not have any first-hand knowledge of one, and other witnesses have testified that there was no such “quid pro quo” at all.

The House Intelligence Committee began releasing transcripts this week of its behind-closed-doors interviews with witnesses in the “impeachment inquiry.” On Tuesday, it released the transcripts of the appearances of Sondland and former Special Representative for Ukraine Kurt Volker.

Volker testified that there had never been a “quid pro quo” — that he had never heard one discussed, and that Ukrainian officials seemed unaware of any such arrangement at all.

But Sondland, who had also testified earlier that there was no “quid pro quo,” had to amend that testimony after he was apparently contradicted by U.S. Ambassador to Ukraine Bill Taylor, who testified last month that he believed there was a “quid pro quo,” under which the Trump administration was withholding key military aid to Ukraine unless it investigated alleged corruption related to former Vice President Joe Biden and his son, Hunter Biden.

In a supplemental declaration filed with the committee, Sondland said that “by the beginning of September 2019, and in the absence of any credible explanation for the suspension of aid,” he “presumed that the [Ukraine] aid suspension had become linked to the proposed anti-corruption statement” and the investigation of the Bidens. That led him to tell the Ukrainian government that “resumption of U.S. aid would likely not occur” until it complied.

But there are two big logical leaps in Sondland’s statement.

The first is that he only “presumed” there was a “quid pro quo” — that is, he did not have direct knowledge of one.

The second is that he told the Ukrainians that a “quid pro quo” was “likely” — that is, he did not know with certainty.

In their rush to accuse the Trump administration of wrongdoing, Democrats and the media have overlooked one other key fact: the crucial August 2019 Politico article.

The article, “Trump holds up Ukraine military aid meant to confront Russia,” dated August 28, was the first that the Ukrainians ever knew about any withholding of aid — five weeks after the phone call between Trump and Ukraine president Volodymyr Zelensky which supposedly prompted the so-called “whistleblower” to approach Rep. Adam Schiff (D-CA) and the Democrats on the House Intelligence Committee. Sondland refers specifically to September.

Therefore what changed his — and others’ — impression was not anything the administration (or its representatives) did or said. Rather, it was the media.

Since Sondland consumes the same media that everyone else does — indeed, it is part of a diplomat’s job to know what is being said — he drew his own conclusions. But when he asked President Trump directly, Trump told him there was no “quid pro quo”: he just wanted Zelensky to do “the right thing.”

All of this presumes there is something wrong with a “quid pro quo.” But even that seems untrue. In fact, “quid pro quo” arrangements are normal in diplomacy. A House bill passed recently by Democrats would establish a “quid pro quo” that bars Russia from access even to private U.S. funds until it can be shown not to have interfered in U.S. elections. Trump, Democrats say, sought his personal or political interest; it also happened to be a national interest.

For years, Democrats defended the investigations of President Barack Obama’s administration into then-candidate Trump’s 2016 presidential campaign by arguing that the country had to know if a major candidate was corrupt or compromised by a foreign power.

That investigation may have been conducted in an unlawful manner — and a grand jury is now on the case — but the logic they used then is even more appropriate to Ukraine and the Bidens.

Hunter Biden’s role as a go-between for Burisma — a Ukrainian gas company suspected of corruption — and his father’s administration has never been fully investigated. The so-called “whistleblower” worked for Biden at the time; that conflict of interest, too, has never been explored.

If Trump had demanded a “quid pro quo,” he would have been doing his job. As it is, there is no evidence of a “quid pro quo” — certainly not from Gordon Sondland.

Joel B. Pollak is Senior Editor-at-Large at Breitbart News. He earned an A.B. in Social Studies and Environmental Science and Public Policy from Harvard College, and a J.D. from Harvard Law School. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. He is also the co-author of How Trump Won: The Inside Story of a Revolution, which is available from Regnery. Follow him on Twitter at @joelpollak.

Alleged ‘Whistleblower’ Eric Ciaramella Worked Closely with Anti-Trump Dossier Hoaxer


Reported by Aaron Klein | 

URL of the original posting site: https://www.breitbart.com/politics/2019/11/06/alleged-whistleblower-eric-ciaramella-worked-closely-with-anti-trump-dossier-hoaxers/

WASHINGTON, DC – JUNE 20: Former Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland testifies during a hearing before the Senate Intelligence Committee June 20, 2018 on Capitol Hill in Washington, DC. The committee held a hearing on “Policy Response to Russian Interference in the 2016 U.S. … Alex Wong/Getty Images

Eric Ciaramella, whom Real Clear Investigations suggests is the likely so-called whistleblower, was part of an Obama administration email chain celebrating the eventual signing of a $1 billion U.S. loan guarantee to Ukraine.

That and other emails show Ciaramella interfaced about Ukraine with individuals who played key roles in facilitating the infamous anti-Trump dossier produced by Fusion GPS and reportedly financed by Hillary Clinton’s presidential campaign and the Democratic National Committee. One of those individuals, then-Assistant Secretary of State for European Affairs Victoria Nuland (pictured), received updates on Ukraine issues from dossier author Christopher Steele in addition to Nuland’s direct role in the dossier controversy.

Also part of the email chains was Christopher J. Anderson, who was a special adviser to former special envoy to Ukraine Kurt Volker. Anderson testified to the Democrat-led House committees running the impeachment inquiry.

Ciaramella’s name comes up in six Obama-era government emails that were released by the State Department as part of two previous Freedom of Information Act requests.  At the time of the exchanges, Ciaramella served as the Director for Baltic and Eastern European Affairs for the Obama-era National Security Council, where he worked on Ukraine policy.  He is now an analyst at the Central Intelligence Agency.

One email, titled, “Loan Guarantee,” involved Nuland, who was reportedly a key champion of the Ukraine loan guarantee policy.

“Hurray,” a celebratory Nuland wrote in response to a translated Ukrainian government announcement about the signing of the $1 billion loan guarantee.  The announcement singles out Joe Biden as being present for the conclusion of an agreement leading to the loan guarantee.

Ciaramella was one of several people CC’d in the email, which was sent from the U.S. ambassador at the time, Geoffrey Pyatt, who was another key champion of the loan guarantee to Ukraine along with Nuland.

The email is one of several that shows Ciaramella in the loop with top officials such as Nuland working on Ukraine policy under the Obama administration.

The loan guarantee was pushed through after Ukraine agreed to several reforms, especially the firing of the nation’s top prosecutor, Viktor Shokin. This at a time that Shokin was reportedly investigating Burisma, the Ukranian natural gas company paying Hunter Biden.  Joe Biden infamously boasted on video about personally threatening to withhold loan guarantees from Ukraine unless Shokin was removed.

Another released email shows Ciaramella himself sending a message to Nuland and others. Most of the contents are blocked out, including the email’s subject line. One non-classified section of that email shows a reply stating, “Embassy Kyiv — coordinated with our USAID mission folks — will have detailed input tomorrow.”

One email involving Nuland was sent two days before the loan guarantee was signed on June 3, 2016. “Can you confirm who will be doing the actual signing for each side?” the exchange asked.

Nuland has come under repeated fire for her various roles in the anti-Trump dossier controversy.

FBI notes also cite career Justice Department official Bruce Ohr as saying that Nuland was in touch with Fusion GPS co-founder and dossier producer Glenn Simpson.

Sen. John McCain, who infamously delivered the dossier to then-FBI Director James Comey, reportedly first dispatched an aide, David J. Kramer, to inquire with Nuland about the dossier claims.

In their book, Russian Roulette: The Inside Story of Putin’s War on America and the Election of Donald Trump, authors and reporters Michael Isikoff and David Corn write that Nuland gave the green light for the FBI to first meet with Steele regarding his dossier’s claims. It was at that meeting that Steele initially reported his dossier charges to the FBI, the book relates.

Meanwhile, looped into email chains with Ciaramella was then-Secretary of State John Kerry’s chief of staff at the State Department, John Finer.

An extensive New Yorker profile of Steele named Finer as obtaining the contents of a two-page summary of the dossier and eventually deciding to share the questionable document with Kerry.

Finer reportedly received the dossier summary from Jonathan M. Winer, the Obama State Department official who acknowledged regularly interfacing and exchanging information with Steele, according to the report. Winer previously conceded that he shared the dossier summary with Nuland.

After his name surfaced in news media reports related to probes by House Republicans into the dossier, Winer authored a Washington Post oped in which he conceded that while he was working at the State Department he exchanged documents and information with Steele.

Winer further acknowledged that while at the State Department, he shared anti-Trump material with Steele passed to him by longtime Clinton confidant Sidney Blumenthal, whom Winer described as an “old friend.” Winer wrote that the material from Blumenthal – which Winer in turn gave to Steele – originated with Cody Shearer, who is a controversial figure long tied to various Clinton scandals.

In testimony last year, Nuland made statements about a meeting at the State Department in October 2016 between State officials and Steele, but said that she didn’t participate.

At a June 2018 hearing, Sen. Richard Burr (R-NC) revealed contents of the State Department’s visitor logs while he was grilling Nuland.

At the hearing, Burr asked: “I know you talked extensively with our staff relative to Mr. Steele. Based upon our review of the visitor logs of the State Department, Mr. Steele visited the State Department briefing officials on the dossier in October of 2016. Did you have any role in that briefing?”

“I did not,” Nuland replied. “I actively chose not to be part of that briefing.”

“But were you aware of that briefing?” Burr asked.

“I was not aware of it until afterwards,” Nuland retorted.

Nuland did not explain how she can actively chose not to be part of Steele’s briefing, as she claimed, yet say she was unaware of the briefing until after it occurred. Nuland was not asked about the discrepancy during the public section of the testimony, which was reviewed in full by Breitbart News.

Nuland previously served as chief of staff to Deputy Secretary of State Strobe Talbott under Bill Clinton’s administration, and then served as deputy director for former Soviet Union affairs.

Nuland faced confirmation questions prior to her most recent appointment as assistant secretary of state over her reported role in revising controversial Obama administration talking points about the 2012 Benghazi terrorist attacks. Her reported changes sought to protect Hillary Clinton’s State Department from accusations that it failed to adequately secure the woefully unprotected U.S. Special Mission in Benghazi.

Likely ‘whistleblower’

A RealClearInvestigations report by investigative journalist and author Paul Sperry named Ciaramella as best fitting the description of the so-called whistleblower. Officials with direct knowledge of the proceedings say Ciaramella’s name has been raised in private in impeachment depositions and during at least one House open hearing that was not part of the formal impeachment proceedings.

Federal documents show Ciaramella also worked closely with Joe Biden and worked under Susan Rice, President Obama’s national security adviser. He also worked with former CIA Director John Brennan, an anti-Trump advocate who has faced controversy for his role in fueling the questionable Russia collusion investigation.  Rice participated in Russia collusion probe meetings and reportedly unmasked senior members of Trump’s presidential campaign.

Sperry cites former White House officials saying Ciaramella worked for Biden on Ukrainian policy issues in 2015 and 2016, encompassing the time period for which Biden has been facing possible conflict questions for leading Ukraine policy in light of Hunter Biden’s work for Burisma.

Mark Zaid and Andrew Bakaj, the activist attorneys representing the so-called whistleblower, refused to confirm on deny that their secretive client is indeed Ciaramella.

“We neither confirm nor deny the identity of the Intelligence Community Whistleblower,” the lawyers told the Washington Examiner in response to an inquiry about Ciaramella.

Zaid and Bakaj added, “Our client is legally entitled to anonymity. Disclosure of the name of any person who may be suspected to be the whistleblower places that individual and their family in great physical danger. Any physical harm the individual and/or their family suffers as a result of disclosure means that the individuals and publications reporting such names will be personally liable for that harm. Such behavior is at the pinnacle of irresponsibility and is intentionally reckless.”

On Sunday, Trump responded to press reports naming Ciaramella, calling him a “radical” known for his close ties to Brennan and Rice.

“Well, I’ll tell you what. There have been stories written about a certain individual, a male, and they say he’s the whistleblower,” Trump told reporters. “If he’s the whistleblower, he has no credibility because he’s a Brennan guy, he’s a Susan Rice guy, he’s an Obama guy.”

Trump added, “And he hates Trump. And he’s a radical. Now, maybe it’s not him. But if it’s him, you guys ought to release the information.”

Aaron Klein is Breitbart’s Jerusalem bureau chief and senior investigative reporter. He is a New York Times bestselling author and hosts the popular weekend talk radio program, “Aaron Klein Investigative Radio.” Follow him on Twitter @AaronKleinShow. Follow him on Facebook.

Joshua Klein contributed research to this article.

Nolte: ABC Fails to Fact-Check Hunter Biden’s Claim of ‘Not One Cent’ from Chinese Govt. Deal


Written by John Nolte | 

URL of the original posting site: https://www.breitbart.com/2020-election/2019/10/15/nolte-abc-fails-to-fact-check-hunter-bidens-claim-of-not-one-cent-from-chinese-govt-deal/

Hunter-Biden-interview-5577c-abc-ps-191014_hpMain | ABC News

ABC News allowed Hunter Biden to get away with the claim he did not make “one cent” from his company’s mega-deal with a Chinese bank that is a subsidiary of the Chinese government — when its own past reporting has said just the opposite.

During the sit-down interview, ABC’s Amy Robach set up the segment about Hunter’s China deal with the background on President Trump’s desire to look into Hunter’s shady $1.5 billion — with a “B” — deal with the Chinese bank (starts at around 5:03)::

ROBACH: Also on Trump’s list of accusations against Hunter Biden: that Hunter flew on Air Force Two with his father during an official government trip to China in 2013, leveraging that connection for financial gain in an investment deal with Chinese businessman Jonathan Li.

What Robach’s question omitted is that the deal was not just with an individual businessman but with the Bank of China — a subsidiary of the Chinese government itself.

She then asks Hunter directly:

ROBACH: The president has repeatedly said you have received $1.5 billion, despite no experience and for no apparent reason. Obviously fact checkers have said that that is not true.

HUNTER: This literally has no basis in fact in any way.

ROBACH: Have you received any money from that business dealing?

HUNTER: No.

ROBACH: At all?

HUNTER: Not one cent.

ROBACH: Definitely not 1.5 billion.

HUNTER: It’s crazy. They feel as though they have the license to go out and say whatever they want.

Hunter is then allowed to trash Trump and his family as liars while Robach, who has just lauded fact checkers and their fact checking,  says nothing about the fact that — and this is important — according to her own network’s reporting,  and Hunter’s own attorney, Hunter has a ten percent stake in BHR, the company that made that mammoth $1.5 billion China deal.

Just a few months ago, ABC aired an in-depth report on Hunter’s shady business dealings that included this nugget (starts at about the 2:00 minute mark):

This video shows Chinese diplomats greeting Vice President Biden as he arrives in Beijing in December of 2013. Right by his side? His son Hunter. Less than two weeks later, Hunter’s firm had new business, creating an investment fund in China, involving the government controlled Bank of China, with reports they hopes to raise $1.5 billion. Hunter still plays a role in the fund. His lawyer says his stake is worth about half a million dollars.

Where was Robach’s followup question? Where was her oh-so-vital fact checking? Why did she let him get away with saying “not one cent” when her own network reported just a few months ago that he had equity in the firm that made a massive $1.5 billion deal?

Obviously, Hunter is playing a semantic game with that “not one cent” comment. Hunter’s attorney appears to do the same in a statement he released just two days ago, on October 13, 2019:

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 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.

To date, Hunter has not received any compensation for being on BHR’s board of directors. He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest.

So Hunter hasn’t “received” “one cent” because there has been no payout to investors. There was no direct commission for that deal, which dum-dums would obviously suspect like he’s a bottom-run sales rep. But here’s the rub, according to no less than FactCheck.org: Hunter might not have been paid “one cent” yet, but he is still could be looking at an eventual payoff that hits the $20 million mark:

[Hunter’s lawyer George] Mesires told the New York Times that while Hunter Biden now has a 10% stake in BHR, which he acquired through a company he created named Skaneateles LLC, “there have been no distributions to the shareholders since Hunter has been an equity owner.”

But that doesn’t mean Biden won’t eventually make millions from the deal. Steven Kaplan, who conducts research on issues in private equity, venture capital, entrepreneurial finance, corporate governance and corporate finance at the University of Chicago Booth School of Business, told us that a private equity fund with $2 billion under management will typically generate fees over its life of hundreds of millions of dollars.

“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Kaplan told us via email. “The distinction they appear to be making is they capitalized the management company with $4.2 M even if the fund manages $2 B.  The value of that management company is likely far in excess of $4.2 M if they are managing $2 B.”

Kaplan pointed to two large publicly traded private equity firms for reference, both of which have a market value of about 10% of the assets under their management. Using that as a rough guide, that would put the value of Hunter Biden’s share closer to $20 million, he said.

Basically, it looks as though Hunter claiming not have made one cent off the China deal is like a CEO claiming he was not paid one cent to run a company because his compensation came from stocks or bars of gold or pearls or the gift of a home. But the fact is this: any deal that increases the value of the company that Hunter Biden has a stake in — and a $1.5 billion deal with a bank owned by one of the world’s biggest economies does just that — is a deal where Hunter Biden has a financial interest.

Maybe ABC will reveal Hunter’s semantic dishonesty when the rest of the interview airs later tonight. Maybe Robach will ask him what he has “earned” or “gained” as a result of the deal, rather than “received.” If not, it is a gross dereliction of duty on the network’s part. And all of this comes just one day after ABC was caught presenting 2014 video from a Kentucky gun range as video of  Turkish military operation against the Kurds.

Follow John Nolte on Twitter @NolteNC. Follow his Facebook Page here.

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