For years, there have been concerns about Hunter Biden, son of Joe Biden, and just how he is using his father’s place in the international community to enrich himself and the Biden family in general.
This was a main focal point of the GOP’s 2020 campaign against the elder Biden’s presidential run, as they insinuated that Joe’s time in the Oval Office could provide Hunter with plenty of opportunity to abuse the system for his own gain.
Now, a new leak reveals that these concerns were absolutely legitimate, as Hunter had previously conducted some rather monumental business deals during his father’s time as Vice President.
Hunter Biden reached a $40 million real estate deal in 2012 with Russian billionaire and wife of the former mayor of Moscow, Yelena Baturina, while President Joe Biden was vice president.
The massive deal is connected to a previously reported $3.5 million fee Baturina paid Hunter’s real estate entity to access the American business market, the Daily Mail reported Monday from documents obtained by an anti-corruption group, the Kazakhstani Initiative on Asset Recovery.
The deal was enormous:
Hunter’s overall acquisition plan included acquiring seven office buildings throughout Texas, Colorado, Alabama, New Mexico, and Oklahoma with $52 million in cash and $160 million in leverage, the Daily Mail reported. Hunter’s real estate fund, Rosemont Realty, had apparently raised a total of $69.7 million to invest into 2.15 million square feet of office space.
Hunter’s firm put $15 million of its own money inside the fund. It is unknown where Hunter’s business firm attained such a large sum to invest within the complex investment scheme.
The news will almost certainly reinvigorate concerns about Hunter Biden’s nepotism and influence-peddling schemes, and at a time in which the Democratic Party is looking to subdue a wide range of troubling accusations aimed at the Biden crime family.