Hunter Biden's 'sugar brother' lawyer confirms he still holds stake in Chinese state-backed equity fund

Join Fox News for access to this content Plus get unlimited access to thousands of articles, videos and more with your free account! Please enter a valid email address. By entering your email, you are agreeing to Fox News Terms of Service and Privacy Policy, which includes our Notice of Financial Incentive. To access the content, check your email and follow the instructions provided.

Kevin Morris, a lawyer and close friend of Hunter Biden, confirmed to lawmakers that he still holds a stake in a Chinese private equity firm that he took over from the president's son.

Morris, who has been dubbed Hunter's "sugar brother" for loaning him millions of dollars to pay off back taxes and other bills, told lawmakers on the House Oversight and Judiciary Committees last week that he still holds a 10% stake in the Chinese private equity firm Bohai Harvest RST LLC (BHR). Morris initially acquired the shares after purchasing Skaneateles LLC, a company that Hunter had previously owned, in the fall of 2021 as pressure mounted for Hunter to divest.

In a transcript reviewed by Fox News Digital, Morris invoked attorney-client privilege when asked how "it came up that he would purchase Skaneateles," but said he eyed BHR because he thought it would be a promising investment. However, during the interview, he claimed he couldn't recall "exactly what [the investments] were," but said he remembers "going through them" and thought they were "infrastructure" related.

"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,