As federal prosecutors continue their criminal probes into Hunter Biden’s taxes and international business dealings, the President’s son — shuttling between Washington DC and a sprawling Hollywood Hills home — is lying low, consulting with lawyers and focusing on his new career in art.
Biden, who turns 51 next week, is prepping a solo show with Soho art dealer Georges Berges, who currently represents Sylvester Stallone. Berges was once arrested for “terrorist threats” and assault with a deadly weapon in California and has strong ties to China.
Biden, who continues to hold business interests in a billion-dollar Chinese investment firm, moved into the 2,000-square foot hilltop Los Angeles home with his wife Melissa Cohen in January 2020, two months before the birth of their baby boy.
The home is connected to Shane Khoh, a Los Angeles-based entrepreneur and real estate investor who is CEO of SXU Investment Holdings LLC, the California company that has owned the $3.8 million property since 2011, according to public records. Khoh, an American who is fluent in Chinese, sits on the board of Siong Heng Realty Pte Ltd., a Singapore-based real estate holding company, according to his LinkedIn profile. He is also listed as a “venture partner” of Diverse Communities Impact Fund, a private-equity group that features former Democratic New Mexico Gov. Bill Richardson on its board of advisors.
The house was featured in a New York Times profile of Biden as an emerging abstract painter last year. Last year Khoh told The Washington Examiner that Biden was paying $12,000 a month for the property, which features a pool house that Biden has turned into an art studio. Khoh denied any prior relationship with Biden to the newspaper.
But when The Post asked this week about his arrangements with his tenant, Khoh clammed up: “I have nothing to say about Hunter Biden. I have no comment.”
Others in Biden’s orbit were even more reticent.
Calls to Lunden Alexis Roberts, an Arkansas stripper who sued Biden for paternity and child support after the birth of their 2-year-old daughter, refused comment, as did her lawyer. It is not known how much Biden is paying in child support for “Baby Doe,” as she is referred to in court papers. The father of five had initially argued that the child was not his, and repeatedly tried to delay the case. Roberts, who met Biden at a Washington, DC, strip club where she used to work, said in a December 2019 court filing that Biden had not provided any financial support for the child.
Although Biden has divested himself of many of his old business interests, he does not seem to be hard up for cash. He has been seen driving around Los Angeles in a Porsche Panamera, which retails for more than $90,000. He retains control of a limited liability corporation that has a 10 percent stake in BHR Partners, a Chinese private-equity firm with $2 billion in assets and partly owned by the Bank of China, according to reports.
Biden’s stake in the Chinese firm is owned by Skaneateles LLC, a company named for his mother Neilia Hunter Biden’s upstate New York hometown. The company has used the Hollywood Hills home as one of its addresses. Neilia, Joe Biden’s first wife, died in a 1972 car crash in Delaware that also killed Biden’s 1-year-old sister Naomi. Hunter Biden and his older brother Beau, who were toddlers, were injured in the accident.
“It’s like a lottery ticket he has in his hand with a 10 percent stake in a company worth billions,” said a source. “Just imagine if that company is worth $2 billion, Biden takes home $200 million.”
Biden’s convoluted international business dealings became a heated political issue in the final months of the 2020 presidential campaign after The Post revealed a trove of emails from Hunter’s laptop that raised questions about then-candidate Joe Biden’s ties to his son’s foreign business ventures, including Burisma. The Ukrainian energy company reportedly paid Hunter $50,000 a month between 2014 and 2019 to sit on its board of directors. Hunter Biden is also accused of promoting the interests of CEFC China Energy Co, a Chinese conglomerate that was to pay him more than $10 million a year for introductions to officials in Washington.
Last year, a federal watchdog called on the Department of Justice to launch “a full investigation” of Hunter Biden, who they claim did not register under federal Foreign Agent Registration Act rules that govern those lobbying for a foreign entity.
“Hunter Biden’s tangled web of shell companies, LLCs, investment vehicles, and options agreements make it virtually impossible to know where he is getting income from,” said Thomas Anderson, director for the National Legal Policy Center, adding that circumventing the FARA regulations allowed Biden and his associates to operate under the radar.
Selling his abstract artwork to wealthy investors may also be a lucrative way to rake in cash, Anderson said. “We highly doubt, however, a career as an artist will do anything more than act as a vehicle to further shield where that income is coming from,” he said.
But Hunter Biden told The Times he had another reason for turning to art. Painting is “literally keeping me sane right now,” he said, adding that it helped him in his battles with addiction to drugs and alcohol.
“If I didn’t know who it was and I saw it for the first time, I would think it was pretty interesting stuff. He’s got talent,” New York art critic Anthony Haden-Guest told The Post.
This is an excerpt from the New York Post.
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