Hunter Biden’s ‘sugar brother’ lawyer confirms he still holds stake in Chinese state-backed equity fund

Kevin Morris, a lawyer and shut pal of Hunter Biden, confirmed to lawmakers that he still holds a stake in a Chinese non-public equity agency that he took over from the president’s son. 

Morris, who has been dubbed Hunter’s “sugar brother” for loaning him tens of millions of {dollars} to repay again taxes and different payments, instructed lawmakers on the House Oversight and Judiciary Committees final week that he still holds a ten% stake in the Chinese non-public equity agency Bohai Harvest RST LLC (BHR). Morris initially acquired the shares after buying Skaneateles LLC, an organization that Hunter had beforehand owned, in the autumn of 2021 as stress mounted for Hunter to divest.

In a transcript reviewed by Fox News Digital, Morris invoked attorney-client privilege when requested how “it came up that he would purchase Skaneateles,” however stated he eyed BHR as a result of he thought it could be a promising funding. However, throughout the interview, he claimed he could not recall “exactly what [the investments] were,” however stated he remembers “going through them” and thought they had been “infrastructure” associated.

“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 stated. “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.”  

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Hunter Biden, heart, and his attorneys Abbe Lowell, proper, and Kevin Morris, left, arrive for the House Oversight and Accountability Committee markup titled ‘Resolution Recommending That The House Of Representatives Find Robert Hunter Biden In Contempt Of Congress,’ in Rayburn Building on Wednesday, January 10, 2024. (Tom Williams/CQ-Roll Call, Inc through Getty Images)

Morris, who acknowledged he bought Skaneateles for $157,000, was then pressed on solely paying that quantity for the ten% stake in the Chinese equity agency. 

“Look, I am going to do the best I can, okay? Morris responded. “I assumed it ended up being 157 in money. There was additionally a cost in there for — there was a $250,000 cost for a mortgage. I am unable to keep in mind if that is a part of that transaction, however whether it is — that is what it does — and regardless of the — I imagine these two had been mixed for the acquisition worth.”

Morris said he has not received any payout from BHR since he purchased Skaneateles in 2021.  

Before Morris took over the BHR shares, Hunter Biden continued owning a stake in the firm after his father pledged in October 2019 to keep his family free of foreign entanglements if he was elected president.

“No one in my household may have an workplace in the White House, will sit in on conferences as if they’re a cupboard member, will, in truth, have any enterprise relationship with anybody that pertains to a international company or a international nation,” now-President Biden said at the time, despite Hunter reportedly living at the White House for an unknown amount of time and participating in official White House events, including state dinners and an official trip to Ireland. Other Biden family members have also visited the White House throughout his administration.

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Hunter Biden, center, and his attorneys Abbe Lowell, right, and Kevin Morris, left, leave Rayburn Building on Wednesday, January 10, 2024. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

During the 2020 campaign, now-White House deputy press secretary Andrew Bates, who was a spokesperson for the Biden campaign at the time, took a shot at the Trump campaign in April 2020, calling the campaign’s communications director Tim Murtaugh a “liar.” 

“When it was introduced that Hunter Biden could be quitting the board of a Chinese equity agency, a number of information shops credulously reported it,” Murtaugh tweeted, quote-tweeting a report about Hunter still being listed as a director and owning a 10% equity stake in BHR. “Six months later, data point out that Hunter has not, in truth, give up. Will the mainstream media be following up?”

Bates, who would later be implicated in the “Russian disinformation” narrative to discredit Hunter Biden’s laptop computer, then responded to Murtaugh whereas quote-tweeting a Washington Post “truth checker” sharing a screenshot of a letter dated the same day as the tweet, which appeared to show BHR CEO Jonathan Li confirming to Hunter’s lawyer that Hunter was no longer an “unpaid director” as of October 2019.

Fox News Digital reached out to the White House to inquire whether Bates was aware that Hunter still held his stake in BHR when he attacked the Trump campaign regarding Hunter’s involvement with BHR, but he did not respond. 

Deputy Press Secretary Andrew Bates (R) speaks as Director of the Office of Management and Budget Shalanda Young (C) and Chair of the Council of Economic Advisers Cecilia Rouse (L) listen during a press briefing in the Brady Room of the White House in Washington, DC on March 28, 2022.  (NICHOLAS KAMM/AFP via Getty Images)

In late December 2020, Hunter still owned the shares in BHR less than a month before his father took office. In November 2021, Chris Clark, who was a lawyer for Hunter at the time, told The New York Times that Hunter “not holds any curiosity, instantly or not directly, in both BHR or Skaneateles.”

The Washington Free Beacon reported in 2023 that Hunter’s stake in the Chinese private equity firm had moved to Morris after he had purchased Skaneateles.

Hunter previously sat on the Chinese firm’s board — whose financial backers include the Bank of China — before announcing in October 2019 that he would be stepping down over mounting scrutiny of his father’s presidential bid.

In December 2013, Hunter traveled with his dad on an Asia trip, which included China as a stop, and introduced him to Li in the lobby of the hotel where the U.S. delegation was staying. A recent closed-door interview with Hunter’s former business partner, Devon Archer, revealed that the elder Biden would have coffee with him too during the visit. Less than two weeks later, Hunter would enter into a joint-venture called BHR Partners, a Beijing-backed private equity firm controlled by Bank of China Limited.

Hunter initially invested $420,000 in BHR in October 2017 through Skaneateles. His interest in the company spiked to an estimated $894,000, according to a March 2019 email from his former business partner, Eric Schwerin.

Morris told lawmakers he did not know whether Hunter could buy back BHR in the future.

Following Morris’ interview with lawmakers, House Oversight Committee Chairman James Comer released a statement expressing concern about the lawyer’s financial support for his own client. Comer claimed that Morris’ actions raised ethical concerns, noting the millions of dollars the lawyer had previously loaned to Hunter.

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“Shortly after assembly Hunter Biden at a Joe Biden marketing campaign occasion in 2019, Kevin Morris started paying Hunter Biden’s tax legal responsibility to insulate then-presidential candidate Joe Biden from political legal responsibility. Kevin Morris admitted he has ‘loaned’ the president’s son at the very least $5 million,” Comer said. “These ‘loans’ don’t must be repaid till after the subsequent presidential election and the ‘loans’ might finally be forgiven.”

“Since Kevin Morris has saved President Biden’s son financially afloat, he’s had entry to the Biden White House and has spoken to President Biden,” he added. “This follows a well-recognized sample the place Hunter Biden’s associates have entry to Joe Biden himself. As we proceed extra interviews this month and the subsequent, we are going to proceed to observe the information to grasp the total scope of President Biden and his household’s corruption.”

Morris said that while he did loan Hunter money, the two consulted counsel on the transactions and that he is “assured” Hunter will repay him. In addition, Morris denied ever believing the president or his administration would give him anything in return for the loans, saying his “solely purpose” was to assist a pal and that there isn’t any prohibition towards that.