Hunter Biden Founded a Now-Defunct Record Production Company in 2018
Biden Enterprise LLC went under after failing to pay mortgage, garbage disposal
Alana Goodman
March 18, 2020 10:50 AM
Hunter Biden, the son of former vice president Joe Biden, cofounded a record production company in 2018 that recently defaulted on its mortgage payments and went into foreclosure on its studio, state records show.
The company, Biden Enterprise LLC, which claims to work with rising hip hop and country artists, was registered in a Las Vegas suburb and listed Robert Hunter Biden and Michael Elisaldez as directors.
Elisaldez, a 42-year-old Californian who described Hunter Biden as a "good friend" in social media posts, boasted about working with singers and songwriters, including Instagram model and influencer Kristen Strout and former Family Matters star Darius McCrary. Elisaldez also posted videos of himself riding on private jets, hanging out with bikini models, and ordering bottle service at Las Vegas nightclubs.
"You have to live for your work. Don't know how to stop can't stop. The world can't see us coming. Hoody mobbing. This ain't a game we live for this music $h!t," wrote Elsaldez in one Instagram post, adding the hashtag "#bidenenterprise."
Hunter Biden's financial activities have come under scrutiny during the 2020 primary race. Biden held lucrative positions with the Ukrainian gas company Burisma Holdings and other foreign companies while his father, now the presumptive Democratic presidential nominee, was vice president. Joe Biden has been dogged from the outset of campaign season with questions about whether his son used his proximity to power for personal benefit.
The younger Biden has taken pains to avoid disclosing his financial information in a paternity lawsuit filed against him by the mother of his 18-month-old child. In court filings, he claimed he has been unemployed and without income since last May, even as he and his wife have been renting a $12,000-per-month home in Hollywood Hills. Last week, he agreed to settle the child support case, avoiding a court-ordered deposition and discovery deadline that would have delved into his work status, income, and tax history.
Biden Enterprise LLC purchased a $365,000 home in Paradise, Nev., in February 2019 to use as a recording studio, according to records from the Office of the Clark County Recorder obtained exclusively by the Washington Free Beacon. The company received a $255,500 loan from the Fidelity National Title Agency of Nevada.
The documents show that the company defaulted on the payments and went into foreclosure last month. They also show that Biden Enterprise LLC owes multiple back payments to Republic Silver State Disposal Inc., for unpaid liens related to garbage disposal.
Elisaldez’s Instagram profile, which uses the handle @family1st_records, describes its owner as an "executive music producer" involved in "artist management, artist development." He also describes himself as the "CEO" of multiple production companies, including Biden Enterprise LLC, A-Lister Entertainment, and F1 Records, which are registered under his name.
https://freebeacon.com/2020-election/hunter-biden-founded-a-now-defunct-record-production-company-in-2018/