Hunter Biden-linked company received $130M in special federal loans while Joe Biden was VP
by Alana Goodman
| November 21, 2019 12:00 AM
An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands, according to federal banking and corporate records reviewed by the Washington Examiner.
Financial experts said the offshore corporate structure could have been used to shield earnings from United States taxes.
Rosemont Capital, an investment firm at the center of Hunter Biden’s much-scrutinized financial network, was one of the companies approved to participate in the 2009 federal loan program known as the Term Asset-Backed Securities Loan Facility, or TALF.
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https://www.washingtonexaminer.com/politics/hunter-biden-linked-company-received-130m-in-special-federal-loans-while-joe-biden-was-vp
