Hunter Biden helped to start a record production company that recently folded.
Weeks after the New York Times published a glowing profile of his art career, the Washington Free Beacon reported that states records show Biden Enterprise LLC used a $255,500 loan from Fidelity National Title Agency of Nevada in 2018 to purchase a $365,000 home Paradise, Nevada, that was used as a recording studio. The business, which claimed to partner with hip-hop and country music artists, defaulted on loan payments on the house, which went into foreclosure last month.
“You have to live for your work. Don’t know how to stop can’t stop. The world can’t see us coming. Hoody mobbing. This ain’t a game we live for this music $h!t,” Michael Elisaldez wrote of the studio in an Instagram post in June 2019.
Biden Enterprise LLC was registered in Las Vegas and named Hunter Biden and Elisaldez as directors of the venture. Social media posts from Elisaldez, who calls himself a “good friend” of Biden, reveal a lavish lifestyle filled with private jets, bikini models, and high-dollar bottle service from ritzy Las Vegas nightclubs.
Biden, 50, got pulled into a high-profile paternity lawsuit with an Arkansas woman who fathered one of his four children, which ended in a settlement this month. He is expecting a fifth child, this one with his new wife, 33-year-old Melissa Cohen.
Biden, who resides in a $12,000-per-month home in the Hollywood Hills, was mentioned throughout the recent impeachment fight. That Democratic-led effort stemmed from President Trump asking Ukrainian President Volodymyr Zelensky to look into Hunter Biden’s dealings in the country and whether his father, former Vice President Joe Biden, improperly leveraged his position to shield his son from a Ukrainian investigation. The elder Biden is now the front-runner in the Democratic presidential primary contest.
