Joe Biden can’t afford another scandal as he struggles with the allegations of sexual assault.
But another piece of his scandalous past is coming back to bite him.
Joe Biden’s linked to an underhanded deal In China that he thought no one would notice.
The Democrats know that they only stand a chance of winning against Trump if they can seize the moral high ground but Joe Biden isn’t helping them.
One of Joe Biden’s biggest pitches to the American people is that he’s more friendly, likable and honest than Donald Trump but the way Joe Biden has conducted himself shows that he is far from upright.
The fact that he’s being accused of sexual assault by a former Senate staffer is terrible for Joe Biden and now he’s got a financial liability as well.
Hunter Biden is a huge liability to his own campaign.
The mainstream media has already had to explain away the fact that Joe Biden threatened to withdraw American foreign aid from Ukraine if the prosecutor investigating the company Hunter Biden was being paid by wasn’t fired
But Hunter Biden wasn’t just working with Busima in Ukraine, he was also on the board of a Chinese company as well.
In 2013 Hunter Biden flew with then-Vice President Joe Biden who was going to China on official business.
Hunter Biden had just started a small private equity firm called Rosemont Seneca with John Kerry’s son and they were looking to make a big deal with the Bank of China, which is owned by the Chinese government.
12 days later, Rosemont Seneca got a $1 billion private equity deal with the Bank of China and the two came together to create a $1 billion investment fund called Bohai Harvest RST(BHR).
Hunter Biden claimed when the story broke in October of last year that he would resign from BHR’s board by the end of the month.
Yet the Daily Caller discovered Hunter Biden did not follow through on his promise:
Hunter Biden’s lawyer, George Mesires, told the Daily Caller News Foundation in early November that his client had resigned from BHR’s board, but he did not provide any evidence of his departure from the Chinese private equity firm at the time.
Chinese business records the DCNF accessed Tuesday still name Hunter Biden as a director of BHR. 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.
Joe Biden has repeatedly criticized Trump for being too hard on China during the coronavirus outbreak.
The fact that his son is in business with the Chinese government calls into question his loyalties in these troubling times.
If Joe Biden becomes president will he give favorable treatment to countries that give his son good business deals.
America can’t afford to take that risk.