Interviews with more than a dozen people, including executives and former prosecutors in Ukraine, paint a picture of a director who provided advice on legal issues, corporate finance and strategy during a five-year term on the board, which ended in April of huntdr year. Biden never visited Ukraine for company business during that time, according to three of the people. The allegations concern tax violations, money-laundering and licences given ukralne Burisma during the period where Zlochevsky was a minister. Revelations in a whistleblower complaint that Trump and his personal lawyer, Rudy Giuliani, pressed the Ukrainians to pursue investigations into Burisma and the role of Hunter Biden have sparked an impeachment inquiry by Democrats in the House of Representatives. Trump faces allegations that he withheld U. Hunter Biden, 49 years old, has denied wrongdoing. Absolutely not. Joe Biden has also denied any wrongdoing, saying he called for the removal of then-chief prosecutor Viktor Shokin in because of his ineffectiveness in tackling corruption in Ukraine, a widespread problem that both the United States and the European Union had long highlighted.
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The Hunter Biden-Ukraine connection has become the trigger for the opening of impeachment proceedings against President Trump, but the connection itself is worth examining in its own right. The younger Biden has always been the black sheep of the family, even according to various sympathetic accounts, most of them appearing in publications— The New Yorker , the New York Times , the Washington Post —favorable to the Democrats. The New Yorker piece, at more than 10, words by far the longest, published in July, was obviously planted by the Biden campaign for the purpose of venting all the bad news about Hunter Biden as a preemptive measure against anticipated stink bombs from the Trump campaign. It was prepared through lengthy interviews by reporter Adam Entous with Hunter Biden. And it delivers a lot of bad news about a career devoted apparently to influence-peddling and drug abuse, both on a scale that matches or exceeds that of any dubious relative of any previous president, at least until Donald Trump. Hunter Biden was hired by MBNA bank in Delaware, fresh out of Yale Law School, and paid a six-figure salary at the age of 26 because his father was a senator from that state and a fervent defender of the bank and credit card industries. He then moved to Washington to take a position in the last years of the Clinton administration. Once the Republicans came to power with the George W. Bush administration, in , he became a lobbyist, helping Jesuit Catholic colleges insert earmarks into congressional appropriations bills. In China, the younger Biden traveled on Air Force Two in with his father, who was making an official trip to Beijing. In the course of this, Hunter Biden introduced a Chinese business partner, Jonathan Li, to the vice president. In , a right-wing populist movement backed by the CIA and the German government gained the upper hand in an internal power struggle within the Ukraine capitalist class. An election victory claimed then by Yanukovych was overturned on grounds of fraud, Yanukovych lost the rerun election in early , and a succession of right-wing leaders headed pro-US governments until In that year Yanukovych made a successful political comeback, winning the presidential election with the advice and assistance of a number of American political operatives, including Paul Manafort, later campaign manager for Donald Trump. The Maidan protests drove Yanukovych into exile in February , and the faction of capitalist oligarchs aligned with him had to find new political instruments and allies. Zlochevsky had served as ecology minister under Yanukovych and previously, as energy minister under President Leonid Kuchma , pushed through measures that saw him emerge as one of the richest energy capitalists in the country.
What we know about Hunter Biden’s role at Burisma:
Hunter Biden has been under the crosshairs of U. President Donald Trump and the media for his involvement in overseas business ventures while his father, Joe Biden, served as vice president. There’s no evidence that former Vice President Joe Biden or his son used government ties to illegally benefit themselves or one another. In the two cases facing scrutiny, the business deals appear to have paid off. While he said he did not earn a salary from his board position on a Chinese private-equity firm—and there is no evidence he did—he does hold a stake in the firm. Still, there are no illusions that the son of a presidential candidate is working for free, which begs the question: Just how much is Hunter Biden worth? The total amount isn’t clear—salaries at private firms are not publicly available—but records and research suggest that the answer could be millions. Biden accepted his board position with Burisma Holdings in April , one month after Russia invaded the Ukrainian peninsula of Crimea. After the invasion, his father, as vice president, led the administration’s response and pressured the Ukrainian government to fire a prosecutor who wasn’t doing enough to fight corruption, according to reporting by CNBC. Biden had a hand in creating BHR in the first place. A private equity firm he co-founded in , Rosemont Seneca Partners, partnered with a Chinese investment company to fund BHR in , after Hunter Biden accompanied his father on an official visit to China. In , Hunter Biden also founded Seneca Global Advisors, a consulting firm that helps companies expand into global markets. The firm was liquidated in Early in his career, Hunter began earning salaries higher than many graduates do. He also got a little boost from his father. Weekly magazine, delivered Daily Newsletter Website access.
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Interviews with more than a dozen people, including executives and former prosecutors in Ukraine, paint a picture of a director who provided advice on legal issues, corporate finance and strategy during a five-year term on the board, which ended in April of this year.
Biden never visited Ukraine for company business during that time, according to three of the people. The allegations concern tax violations, money-laundering and licences given to Burisma during the period where Zlochevsky was a minister. Revelations in a whistleblower complaint that Trump and his personal lawyer, Rudy Giuliani, pressed the Ukrainians to mpney investigations into Burisma and the role of Hunter Biden have sparked an impeachment inquiry by Democrats in the House of Representatives.
Hiden faces allegations that nunter withheld U. Hunter Biden, 49 years old, has denied wrongdoing. Absolutely not. Blden Biden has also denied any wrongdoing, saying he called for the removal of then-chief prosecutor Viktor Shokin in because of his ineffectiveness in tackling corruption in Ukraine, a widespread problem that both the United States and the European Union had long highlighted.
His office announced on Oct 4 that it was reviewing 15 previous investigations related to Zlochevsky but no decision had been taken on how to proceed against him or people related to. Burisma then began adding high-profile names to its board, including Biden and a business associate of his called Devon Archer, in April The company has said it had wanted to strengthen corporate governance. According to two sources close to the company, Burisma was also looking to attract international investment as well as expand overseas.
Biden, a trained lawyer, had served on the board of a U. Senator John Kerry. A source close to the company said Biden took part in strategic conversations and shared his opinions and experience. The company was considering possible acquisitions in Europe, Kazakhstan and the United States, the source and another person close to Burisma said.
Both sources said that around the time Biden was appointed, Burisma was also looking to secure a financing deal with foreign investment funds, including one in the United States. Biden helped to find lawyers to work on this process, before it broke down due to the start of the war in east Ukraine, one of those two sources said.
How much Biden earned at Burisma has also become a central issue. Trump has portrayed Hunter Biden as having earned vast sums of money while at Burisma, which the president has suggested was an indication of potential wrongdoing. Reuters was not able to independently verify the authenticity of the documents or how much money Hunter Biden received. A Ukrainian lawmaker released copies of the records at a conference for news media last week.
The former prosecutor said that any issues Burisma did have were not related to Biden. In addition to the closed tax investigation, Ukraine authorities opened an investigation into licenses awarded to Burisma and a separate money-laundering probe into founder Hoq.
Both of these have been re-opened in recent months, but neither relate to the period after Biden joined the board. Discover Thomson Reuters. Directory of sites. United States. Related Coverage.
Biden sidesteps questions about son’s foreign work
What evidence is Mr. Trump citing?
Accusations that President Trump shaped American policy toward Ukraine for his own political gain exploded into a crisis for the White House in September after a whistle-blower complaint. Lawmakers have been examining how Mr. Biden Jr. Once members of Congress turned their attention to Mr. Mainstream conservative media outlets like Fox News began running with some of the theories and Mr. Trump echoed. Here are four of the most prominent false or misleading rumors that have spread and an explanation of what really happened to the extent that we know. The allegation at the heart of the controversy is that while Mr. Videos pushing this theory began appearing on Twitter in late September and early October and have been viewed tens of millions of times. But there is no evidence he did so to benefit Hunter Biden or the oligarch who owns Burisma, Mykola Zlochevsky. InHunter joined the board of Burisma, which was then mired in a corruption scandal. Zlochevsky had also been accused of marshaling government contracts to companies he owned and embezzling public money. At the time of his board appointment, the younger Mr.
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