![]() But whether the strategy holds in the longer term is another question. The president wants his son to keep a low profile so that his opponents have no leg to stand on and to reinforce the idea that he is being persecuted. The White House has already stated that it does not intend to cooperate with a future House committee focused on Hunter Biden whereas it has said it would do so in other proposed topics of investigation such as the military withdrawal from Afghanistan or immigration at the Mexican border. ![]() Biden through his son over his questionable financial activities. The Republicans, who won a narrow majority in the House of Representatives after the midterms elections last November, decided to attack Mr. Biden represents a vulnerability for his father, the incumbent President of the United States. His first marriage fell apart and he struggled then with drug and alcohol addictions.īut beyond his personal misfortunes, Mr. He had lost his mother and sister in a car accident when he was 2, then witnessed his older brother, Beau, die of cancer at age 46. Hunter Biden, 52, had his first drink when he was 8 at an election night party celebrating his father. Subscribers only US Congressman Jim Jordan shows an email from Hunter Biden during a press conference on the Biden family business investigation on Capitol Hill in Washington DC, November 17, 2022. The Wall Street Journal, Dec.US Republicans determined to track down Hunter Biden scandalĪn investigation is already targeting the son of US President Joe Biden in a tax evasion case, but it is his business activities in Ukraine and China that fuel most of the theories around him.īy Piotr Smolar (Washington (United States) correspondent) Published on Januat 12h00, updated at 12h00 on January 13, 2023.Shenzhen Stock Exchange, accessed Sept.22, Alternative Fuels Data Center: All-Electric vehicles 5, 2021, 'No turning back:' Biden signs order targeting half of all vehicles sold in US to be zero-emissions by 2030 Forbes, May 3, 2021, This Chinese Battery Company Has Produced More Billionaires than Google or Facebook.7, 2019, Trump is pushing a baseless conspiracy about the Bidens and China. BBC News, April 6, Hunter Biden: What was he doing in China and Ukraine?.22, 2020, 'Nothing was unethical': Joe Biden defends Hunter Biden under pressure from Trump in debate But Hunter Biden and companies connected to him don't own 10% of CATL. An investigative article from The Wall Street Journal found that Hunter Biden benefitted from CATL's stock surge in 2018 because a company he was a shareholder in, BHR, had invested in it. While the White House didn't immediately respond to USA TODAY's request for comment, Biden's official disclosure forms from 2020 and his years as vice president don't mention CATL. We rate the claim that the Biden family owns 10% of a prominent Chinese lithium battery company FALSE, based on our research. The Journal reported that as of December 2020, Delaware corporation Skaneateles LLC, which is controlled by Hunter Biden, owned 10% of BHR – not CATL. The incorrect 10% figure in the Facebook post may have originated from a misunderstanding of this investment. In addition to the disclosure forms, Biden and his family are not listed among any of CATL's shareholders, according to MarketScreener, a stock market and finance website.įact check: Biden's approval rating is higher than Trump's term low The assets and income listed on the form include an unspecified amount from Biden's books "Promises to Keep" and "Promise Me, Dad," an investment fund and Jill Biden's retirement plans, among others.īiden's disclosure forms between 19 also don't mention CATL in the assets or income sections.Īlex Baumgart, who researches personal financial data at the nonprofit Open Secrets, told USA TODAY in an email he didn't find "any indication that the president is an investor in this Chinese battery company." Biden's most recent tax documents also don't mention CATL. The image being shared across social media doesn't offer any evidence demonstrating Biden or his family own a stake in CATL.īiden and his wife, Jill, released financial disclosure forms when he was running for president in 2020, and again in 2021, and neither mentions CATL.
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