"You guys are gonna make a bundle on that deal I made with China."
Posted on 11/20/2021 7:53:26 PM PST by E. Pluribus Unum
An investment firm that counts Hunter Biden among its founders helped a Chinese company purchase one of the world’s most lucrative cobalt mines from an American company, according to a report by The New York Times.
Biden established the firm Bohai Harvest RST (BHR) Equity Investment Fund Management Company with two other Americans and some Chinese partners in 2013. The American members controlled 30 percent of the Shanghai-based operation and served on the board.
The company notably completed a deal in 2016 that saw a Congo cobalt and copper mine transfer from American company Freeport-McMoRan to Chinese outfit China Molybdenum for the sum of $2.65 billion.
BHR served as a minority stakeholder to buy out around $1.14 billion of shares from Lundin Mining of Canada, who owned a portion of the Congo mine.
China Molybdenum then bought BHR’s shares of the mine two years later, according to Hong Kong filings. The deal resulted in China Molybdenum owning 80% of the mine, with the remaining portion owned by Congo’s state mining enterprise.
The Times reported that Biden controlled 10 percent of BHR through Skaneateles LLC, a company based in Washington.
Chris Clark, a lawyer for Biden, said he "no longer holds any interest, directly or indirectly, in either BHR or Skaneateles," and Chinese records indicated Biden was not a member on the board as of April 2020.
(Excerpt) Read more at foxnews.com ...
Where does the Biden Crime Syndicate keep their fortune??? Probably not in Swiss banks, but rather one of the off-shore ones.
There oughta-be a law.(/S)
10% for the Big Guy.
The First National Bank of China.
Gee this would be problematic if Donald Trump had done it.
Now back to our continuing coverage of Mike Pence’s single-minded battle against Donald Trump.
Imagine if any of Trump’s kids did this.
"You guys are gonna make a bundle on that deal I made with China."
When are we going to get this uneven treatment fixed?
Trump couldn’t hold hand with his wife or not hold hands with his wife and it hit the news..
The bidens can sell, buy, traffic, con, corrupt, and it’s okay.
It takes a person with fight in the veins to fix some of these things that are being given a huge ugly dirty pass!!
Oh, and hillary sold most of our uranium.
no one said a word or stopped it! obama and hillary!!
the dirty 2.
near that island they have next to epsteine’s
Trump was even criticized by how he drank a glass of water.
Madness.
.
.
Biden has his own island in the USVI?
I was told that... it’s been denied by media..
research ... everything is hidden from us.
child trafficking too... the feds did or did not look at Hunter’s laptop? is supposed to be in there.
I hear a lot is going on that will be brought to light... but WHEN? I hope to see the whole ROT in government fall flat and out.
LAUGH BREAK. Biden releases his tax forms, showing that
he and his wife, Jill Biden, earned just over $600,000 in 2020.
By Jim Tankersley, May 17, 2021, NY Times
President Biden released tax forms on Monday showing that he and his wife, Jill Biden, earned just over $600,000 in 2020.
The Bidens paid an effective federal income tax rate of 25.9 percent after donating about 5 percent of their income to charity, the documents showed. Their total federal income tax bill was just over $157,000. For 2019, the Bidens had an adjusted gross income of $985,000 and paid federal income taxes of nearly $288,000.
Both the presidential and the vice-presidential households appear to fall safely in the top 1 percent of American income earners, based on statistics from the Internal Revenue Service. And both would face tax increases this year if Mr. Biden succeeds in pushing Congress to raise a variety of taxes on high earners, as he is proposing to help fund nearly $2 trillion in new spending and incentives meant to strengthen education, child care, paid leave and other social programs.
Much of the Bidens’ income came from pensions, including Mr. Biden’s government pension from his years as a senator and vice president. That disbursement will pause now that Mr. Biden has re-entered the government, White House officials said. Dr. Biden received nearly $300,000 in income — including income from business profits — from an S corporation controlled by the Bidens, which received money in 2020 from two publishing houses, Simon & Schuster and Flatiron. An S corporation is a small business designation that allows business income, credits and deductions to pass through to shareholders.
I hear that since he flopped as a painter, Hunter and drJill are establishing a plastic surgery practice.
With so many aging Democrats......just in Congress......Hunter figures he can make a bundle.
“Hell, just propping up Dem faces and as*** with Botox, I-ll cash in without even getting my hands dirty,” Hunter exulted.
The Bidens are in cahoots with Hillary and Obama (and several others) using the White House to make them millions each.
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