Hunter Biden got $250k loan from Chinese exec during 2020 election, later his lawyer assumed debt
One of Hunter Biden's lawyers, Kevin Morris, assumed the obligations for a $250,000 loan when he acquired the younger Biden's stake in Bohai Harvest RST.
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."
https://justthenews.com/accountability/political-ethics/250k-wire-hunter-bidens-chinese-partner-was-loan-assumed-lawyer