Trump: Biden And Son “Looted Millions” From China

The Washington Post already given this Four Pinocchios:



The president says Hunter Biden “walked out of China with $1.5 billion in a fund” and earned “millions” of dollars from the deal. There is no evidence to support those claims.

One could argue Hunter Biden has been trading off his father’s name, and certainly arranging a handshake between a business partner and the vice president in China raises eyebrows.

But Hunter Biden did not raise money for the fund; instead, he was on a board that advised potential investors. He did not obtain an equity stake until after his father was no longer vice president — and that investment of less than half a million dollars has not yet yielded a payoff for Hunter Biden, according to his attorney.