Hunter Biden Still Works for Chinese Firm He Vowed to Quit Last Year, Records Show
Joe Biden's son listed as board member of private equity company, despite October pledge
Hunter Biden, the son of former Vice President Joe Biden, is still listed as a member of the board of directors at a Chinese equity firm he vowed to stand down from back in October last year, business records have revealed.
In October 2019, Hunter Biden received widespread media coverage and praise from his Democratic presidential candidate father when he announced he would resign from the China-based company by the end of the month.
Yet, six months after the younger Biden's "noble" pledge to stand down from BHR Partners, Hunter is still listed as an active board member at the firm.
In fact, zero evidence has emerged to prove he actually followed through on his promise.
George Mesires, Hunter Biden’s lawyer, claimed in November that his client had resigned from the board of BHR.
Mesires has yet to provide any evidence of Biden's departure from the Chinese private equity, however.
He also retains a 10% equity stake in BHR through his company, Skaneateles LLC, business records for the Chinese private equity firm show.
BHR manages the equivalent of $2.1 billion in assets, according to its website.
Hunter Biden has served as an unpaid member of BHR’s board since its founding in 2013, and in October 2017 he obtained his equity stake in the firm with a $420,000 investment, according to Mesires.
Hunter Biden had arranged for then-Vice President Joe Biden to shake hands with the CEO of BHR in December 2013, a meeting that caused some White House advisors to worry whether the younger Biden was exposing his father to criticism, The New Yorker reported.
In a statement issued Oct. 13 by his lawyer, Hunter Biden pledged to resign his position on BHR’s board “on or by October 31.”
The statement did not say whether Hunter Biden intended to relinquish his ownership stake in the Chinese private equity firm.
Joe Biden, now the presumptive Democratic presidential nominee, lauded his son’s announcement at the time.
“The statement my son put out today, which I saw when he put it out — I was told it was going to be put out, I did not consult with him about what’s being put out — in fact, represents the kind of man of integrity he is,” Joe Biden said in October.
The former vice president pledged in December that none of his family members, including Hunter Biden, would engage in foreign business activities were he to become the next president.
As of Tuesday, BHR’s file on China’s National Enterprise Credit Information Publicity System (NECIPS) still lists Hunter Biden as being a director of BHR.
Qixinbao, an independent service that provides registration information on Chinese corporations, also listed Hunter Biden as a member of the BHR board on Tuesday.
BHR has not responded to numerous inquiries seeking clarification on why Chinese business records continue to list Hunter Biden as a member of its board.
Hunter Biden’s continued presence on BHR’s business file does not appear to be due to a processing delay in the NECIPS.
The Chinese business records site shows a change for BHR was submitted as recently as March 24 to reflect the resignation of Hunter Biden’s business partner, Eric Schwerin, as the firm’s supervisor.
Schwerin’s relationship with Hunter Biden dates back to at least 2008 when the pair served as lobbyists for Oldaker, Biden & Belair.
Hunter Biden’s company, Skaneateles, also retains its 10% equity stake in BHR, according to the Chinese business records.
Hunter Biden is the sole listed beneficial owner of Skaneateles, Washington, D.C. business records show.
Skaneateles’s listed address is also the listed address for the $3.8 million designer home in Los Angeles that Hunter Biden is reportedly renting out for $12,000 a month, according to Skaneateles’s business records in Washington, D.C.
Mesires, Hunter Biden’s lawyer, did not reveal why Chinese business records still list Hunter Biden as being a member of BHR’s board and did not provide any documents relating to his pledged departure from the Chinese firm.