4 Pinocchios for Trump's claims about Hunter Biden's China dealings
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.
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The supposed size of the China fund — $1.5 billion — comes courtesy of “Secret Empires,” a 2018 book by conservative author Peter Schweizer, who earlier had targeted Hillary Clinton in the book “Clinton Cash.” The Fact Checker spent a lot of time in the 2016 campaign chasing down dubious claims touted by Schweizer, such as about the Uranium One deal.
Affiliates of the advisory firm had said they planned to raise $1.5 billion, but it appears the fundraising fell far short of that.
“To date, Mr. Biden has not received any return or compensation on account of this investment or his position on the board of directors,” Mesires told The Fact Checker after Trump’s remarks with Zelensky. “The characterization of Mr. Biden as owning a $1.5 billion private equity firm funded by the Chinese, or suggesting that Mr. Biden has earned millions of dollars from the firm is a gross misrepresentation of Mr. Biden’s role with BHR.”
https://www.washingtonpost.com/politics/2019/09/26/trumps-false-claims-about-hunter-bidens-china-dealings/
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