Kevin Morris, an entertainment lawyer, owns a portion of a Chinese investment company that Hunter Biden used to own, according to testimony Morris recently gave to Congress.
Morris confirmed to lawmakers on the House Oversight and Judiciary committees during a closed-door interview last week that through his acquisition of Skaneateles, a company previously owned by President Joe Biden‘s son, Morris took ownership of Hunter Biden’s 10% stake in the Chinese investment company, according to a transcript obtained by the Washington Examiner.
Morris said he was not entirely sure what the purpose of Skaneateles was, other than that it held the 10% stake in the Chinese company, although he purchased it from Hunter Biden.
“I’m not to the point sure, but it was an LLC and — you know, I think it — Hunter actually had a very simple corporate structure personally. I think this was one that was for some purpose that I can’t remember,” Morris said.
Morris said he has not received any payouts from the Chinese company since taking ownership of the shares in 2021.
The company, Bohai Harvest RST, also known as BHR, is a Shanghai-based investment firm that Hunter Biden and several partners, both in the United States and China, founded in 2013. The company is partly owned by the Bank of China.
Hunter Biden owned a 10% stake in the company through his company Skaneateles, but his attorney Chris Clark told the New York Times in 2021 that the first son divested from it.
He “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles,” Clark said at the time.
Additionally, Joe Biden campaigned in 2020 on a promise that none of his family members would have any business relationships with any foreign-owned companies, a critical vow as scrutiny over Hunter Biden’s foreign business dealings heightened concerns of conflicts of interest.
Joe Biden also said in December 2020 after he had won the election that his family members would not be involved in “any business, any enterprise that is in conflict with or appears to be in conflict with an appropriate distance from the presidency and government.”
Morris said he purchased Skaneateles from Hunter Biden because he thought it could be a “very successful investment.”
“I did the transaction because, you know, I evaluated it as a businessman, and I thought it was something that could be a very successful investment,” Morris said. “I — you know, but I did diligence on the assets. I knew what — I knew what Hunter paid for it in the beginning, and I saw, and I still see upside.”
The revelation that Morris owns the stake in BHR once owned by Hunter Biden comes as Morris confirmed during his testimony that he has loaned Hunter Biden millions of dollars since meeting him at a fundraiser for Joe Biden at the end of 2019.
Morris said he helped the first son out of what he viewed as deep financial trouble, loaning him money or paying bills for his home in California, his Porsche, legal fees, accountants, and unpaid taxes. Morris said that since meeting Hunter Biden, he has also worked for him as his general counsel.
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Morris said the loans with Hunter Biden are documented in a series of promissory notes and that he expects the first son to pay him back in full plus interest.
In terms of his purchase of Skaneateles, Morris told lawmakers he was not certain if the agreement he reached at the time to acquire it from Hunter Biden allowed for the first son to purchase the company back from him.
