Hunter Biden reached a $40 million real estate deal in 2012 with Russian billionaire and wife of the former mayor of Moscow, Yelena Baturina, while President Joe Biden was vice president.
“The Managing Partnership will receive a total investment of $69,700,000 from the partners” a Russian translation of the prospectus read. “The Managing General Partner will invest at least $15,000,000 of share capital on the same terms as all partners in the Investment Partnership.”
The fresh reporting of a Biden family business venture during the time Joe Biden was vice president raises questions of whether or not Hunter was selling influence to the White House in order to obtain such a large amount of infused cash. Such complicated investment schemes are typically performed by experienced fund managers and with investors who feel comfortable with the fund managers’ experience and historic returns.
Baturina and her husband immigrated to Great Britain in 2011 after Luzhkov was dismissed from public office by former Russian President Dmitry Medvedev as part of a public corruption probe. The former mayor, in particular, was accused of using his office to approve more than 20 real estate projects linked to Baturina’s business interests, according to the Homeland Security Committee.
Hunter received a $3.5 million wire transfer in 2014 from Baturina, according to a 2020 report by Senate Republicans, who revealed her involvement with Hunter was “a financial relationship,” though no further explanation of the payment to Hunter was given. Hunter’s real estate venture was occurring while Hunter sat on the board of Burisma and reportedly collected $80,000 a month, while Joe Biden was vice president. It was cut in half after Joe Biden left office.
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Hunter Attained $40M Deal with Russian Oligarch While Joe Biden Was VPHunter Biden reached a $40 million real estate deal in 2012 with Russian billionaire and wife of the former mayor of Moscow, Yelena Baturina, while President Joe Biden was vice president.
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