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Gothmog

(182,829 posts)
36. The long-awaited defense of Hunter Biden
Sun Jan 5, 2020, 10:31 PM
Jan 2020

Here are some facts including that the fact that Hunter was a biglaw firm that was advising this company https://www.dailykos.com/stories/2020/1/5/1907833/-The-long-awaited-defense-of-Hunter-Biden

Following Paradigm, Biden continued working as a lobbyist for several years and was appointed to the board of Amtrak by President George W. Bush. He had also been the vice chairman of the National Railroad Passenger Corporation. He then founded a private equity firm, Rosemont Seneca Partners, in 2009, which later partnered with the Chinese government to form yet another equity firm, called BHR, where he held an unpaid board position. Trump likes to argue that Biden took “tons of money” from China, but again—this position was unpaid.
He ended his lobbying career and left the Amtrak board as his father became vice president, then started another consulting firm in 2008, as noted by Newsweek.

In 2008, Hunter Biden also founded Seneca Global Advisors, a consulting firm that helps companies expand into global markets. His earnings from Rosemont Seneca and Seneca Global Advisors are not publicly available.

Biden then joined the law firm Boies Schiller Flexner, which features superstar lawyer David Boies as its primary partner and chairman. While at Boies Schiller, Biden was involved in advising Burisma, which was a client at the time being personally handled by Biden, who was advising them on corporate reform, according to Hunter Biden’s lawyer, George Mesires:

In April 2014, Hunter was asked to join the board of Burisma, the largest independent natural gas producer in Ukraine. At the time, Hunter was of counsel with Boies Schiller Flexner LLP [fn 1] (“Boies Schiller”), a major U.S. law firm, and was advising Burisma on its corporate reform initiatives, an important aspect of fueling Burisma’s international growth and diversity. Vibrant energy production, particularly natural gas, was central to Ukraine’s independence and to stemming the tide of Vladimir Putin’s attack on the principles of a democratic Europe.

To further its goals of independence, Burisma sought to adopt standards and practices traditionally employed by Western companies. At Hunter’s urging, Boies Schiller engaged Nardello & Co., a leading global investigative firm, to assess, among other things, Burisma’s corporate structure and governance practices. Burisma agreed to pay the legal expenses of Boies Schiller to support Hunter in developing corporate reform initiatives.

Because of Burisma’s stated commitment to corporate best practices, it was able to attract well-qualified board members, including the former president of Poland, Aleksander Kwasniewski, a leading advocate of democratic principles in the region. President Kwasniewski, familiar with Hunter’s work on behalf of Burisma, recommended that Hunter join the board.

Again, this view is consistent that Biden ultimately joined by the board for Burisma Holdings to help it with its efforts regarding “corporate governance,” as noted by Wikipedia.

In the aftermath of the 2014 Ukrainian revolution, Mykola Zlochevsky faced a money laundering investigation,[33][34] and his company Burisma Holdings, the largest natural gas producer in Ukraine,[14] assembled a "high-profile international board" in response.[35][34] Biden, then an attorney with Boies Schiller Flexner, was hired to help Burisma with corporate governance best practices, and a consulting firm in which Biden is a partner was also retained by Burisma.[36][37][38] Chris Heinz, John Kerry's stepson, opposed his partners Devon Archer and Hunter Biden joining the board in 2014 due to the reputational risk.[34] Among those who joined the board of directors in April 2014 were Biden, Archer and former Polish president Aleksander Kwaśniewski.[39] Biden served on the board of Burisma until his term expired in April 2019,[40] receiving compensation of up to $50,000 per month in some months.[37][41]

So it appears that Biden was placed on the board of Burisma as part of its effort to “clean up” its practices after the allegations of money laundering by Zlochevsky, which had previously occurred in 2012. Biden took a pay cut to be on the board compared to what he’d earned as an investment banker, although it may have been an upgrade compared to what he likely earned at Boies Schiller. Biden had nothing to do with the investigation of Zlochevsky and was never investigated himself.

Being on the board of AMTRACK and being with the biglaw firm that was advising this company are sufficient qualifications for Hunter to be appointed on the board.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Give the filthy traitorous piles of HUMAN SHIT credit, they have the entire media Eliot Rosewater Dec 2019 #1
This! dhol82 Dec 2019 #3
And FYI to repugs on Biden: Parents don't control what their grown children do. brush Dec 2019 #25
THIS. MH1 Dec 2019 #30
The GOP leaves out that he is an attorney madaboutharry Dec 2019 #2
Yup. dhol82 Dec 2019 #4
that's why they love their unchallenged and uncorrected 1500 coordinated radio station monopoly certainot Dec 2019 #21
This is the first time I've heard Hunter okieinpain Dec 2019 #5
Why are BIDEN'S people pushing this? What are you talking about? Eliot Rosewater Dec 2019 #9
The poster obviously meant "aren't," but didn't proofread for typos. nt tblue37 Dec 2019 #23
That Biden is an attorney, no one okieinpain Dec 2019 #26
OK, Thanks... Eliot Rosewater Dec 2019 #29
This message was self-deleted by its author okieinpain Dec 2019 #27
With a Yale law degree and years of experience - he was about 45 karynnj Dec 2019 #12
I think Hunter Biden was just on the board of directors virgogal Dec 2019 #6
Yeah, I don't think he was giving them 50K a month worth of legal advice. milestogo Dec 2019 #8
Well, the GOP wins again. luvtheGWN Dec 2019 #24
I read that they meet twice a year -- probably for less than a week. hedda_foil Dec 2019 #32
Thanks. That's why the OP makes absulutely no sense. virgogal Dec 2019 #33
Framing the narrative is far more important than the facts. NoMoreRepugs Dec 2019 #7
KR! Cha Dec 2019 #10
Yep. FM123 Dec 2019 #11
Boies has a mixed record. He recently represented Harvey Weinstein. progressoid Dec 2019 #34
Yes, of course it is complete, made up bullshit. warmfeet Dec 2019 #13
but they, and putin, have 1500 unchallenged and coordinated radio stations certainot Dec 2019 #22
I say about H.BIDEN - no different from other govt sons:'member the BUSHes? UTUSN Dec 2019 #14
And even though Joe didn't take any action based on Hunter's business connection, pnwmom Dec 2019 #18
As always, I agree with *ALL* of your 101K posts. Yea, H. is different from the SHITLER mob kids!1 UTUSN Dec 2019 #19
Hell I would do some graft too for 50 grand a month!... JoeOtterbein Dec 2019 #15
The notion of trumpie or that idiot spawn of his Haggis for Breakfast Dec 2019 #16
You are absolutely correct!! MasonDreams Dec 2019 #17
and Board members get six figures Hamlette Dec 2019 #20
I have seen members of the board for pubic companies with less qualifications Gothmog Dec 2019 #28
I thought kids were off limits 🤷🏻‍♀️ OhNo-Really Dec 2019 #31
If they are minors. progressoid Dec 2019 #35
The long-awaited defense of Hunter Biden Gothmog Jan 2020 #36
Great Post flotsam Jan 2020 #37
GOP forcing Hunter Biden to testify could 'completely backfire' on them -- here's why Gothmog Jan 2020 #38
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