(Tea Party PAC) – Hunter Biden, son of former Vice President Joe Biden, recently announced that he would be stepping down from his position on the board of BHR Equity Investment Fund Management, however, according to one expert, he’s going to be taking millions of dollars with him, thanks to the massive amount of value he has in the company.
In other words, this move isn’t going to cost Biden anything at all.
Here’s more from Breitbart:
Although Hunter Biden’s lawyer has said that his client’s stake in the company is only valued at $420,000, a FactCheck.org analysis estimates it’s value to be millions.
“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Steven Kaplan of the University of Chicago Booth School of Business told FactCheck.org. “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.”
FactCheck.org cited Kaplan estimating that Hunter Biden’s share in the investment company could be valued at around $20 million and up to “hundreds of millions of dollars” over the investment lifetime.
Hunter Biden’s lawyer said that if Joe Biden won the race for president, he would agree “not to serve on boards of, or work on behalf of, foreign-owned companies,” but did not mention his current foreign investments in BHR.
President Donald Trump continues to target Hunter Biden’s foreign investments as corrupt, questioning Vice President Joe Biden’s knowledge of his son capitalizing on his father’s specific diplomacy with China and Ukraine on behalf of former President Barack Obama’s administration.
It’s kind of enraging that Hunter and Joe Biden aren’t being investigated more vigorously about their involvement in the whole Ukraine affair. It seems very likely that Biden abused his power as vice president to have a top prosecutor in the Ukraine, one investigating shady business dealings of his son, removed from their position. And yet, they’ve managed to deflect this whole thing by transforming it into a scandal about President Trump that’s led to an impeachment inquiry.
It’s amazing the things you can get away with as long as you’re a liberal person with the right connections and belief system. It’s horrifically unjust to see two people suddenly above the law because of status and money.
That undermines everything our nation stands for, which isn’t something that seems to matter much to the left.
However, if folks aren’t all treated equally under the law, that undermines everything our nation stands for and makes us a mockery on the world stage. Neither of these things seem important to the left. It seems all they care about is getting rid of Trump and getting revenge for Hillary.