Kevin Morris, an entertainment lawyer, testified to Congress that he owns a portion of a Chinese investment company previously owned by Hunter Biden.
Morris acquired Hunter Biden’s 10% stake in the Chinese company through his acquisition of Skaneateles.
He expressed uncertainty about Skaneateles’ purpose but stated that he hasn’t received any payouts from the Chinese company since taking ownership in 2021.
“I’m not to the point sure, but it was an LLC and — you know, I think it — Hunter actually had a very simple corporate structure personally. I think this was one that was for some purpose that I can’t remember,” Morris said.
Hunter “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles,” attorney Chris Clark said.
“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 said.
“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.”
Morris also disclosed that he loaned millions of dollars to Hunter Biden and worked as his general counsel.
He expects to be repaid with interest.
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