Biden family fights internet lies

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CLAIM: Did former Vice President Joe Biden receive $1.5 billion from China? Trump conflated his accusations against former Vice President Joe Biden and son Hunter Biden -- railing against Hunter Biden's business dealings, then saying that Joe Biden "takes a billion-five" from China and "he goes on and he allows China to rip us off." He added, "So the Bidens got rich while America got robbed." CONCLUSION There is no evidence Joe Biden has received large sums of money from China or has otherwise gained wealth as a result of his son's business dealings abroad. EVIDENCE Trump has previously made the "billion-five" accusation against Hunter Biden. While a conservative author has used this figure, it has not been proven. A lawyer for Hunter Biden, George Mesires, says the investment company in which Hunter Biden has an equity stake was capitalized with a total of about $4.2 million at today's exchange rates, "not $1.5 billion." Even this investment was not a direct payment to Hunter Biden; Hunter Biden holds a 10% stake in the firm, Mesires says, and has not made a profit to date. Hunter Biden quit his board position and dissolved partnership with archer well over 3 years ago, long before his father ran for president and won.