Chinese elites have paid some $31 million’ to benefit Biden family

OPINION:  This article contains commentary which may reflect the author’s opinion

According to reports that the Biden administration is treating China with kid gloves, it might be because five transactions, brokered by people tied directly to the top levels of the Chinese Communist Party, have directly benefited the Biden family, amounting to $31 million.

The New York Post published an article written by Peter Schweizer, author of the newly-released book “Red-Handed: How American Elites Get Rich Helping China Win” on Thursday.

“Indeed, every known deal that the Biden family enjoyed with Beijing was reached courtesy of individuals with spy ties. And Joe Biden personally benefitted from his family’s foreign deals,” ,” Schweizer stated.

Consider Che Feng, the Chinese tycoon and “Super Chairman.”

Che Feng arranged a lucrative deal with Bohai Harvest RST (BHR), valued at approximately $20 million, by connecting Hunter Biden with Chinese state-backed funds.

The infamous laptop Hunter owned proves that he was drooling over the possibilities.

During an email exchange with his business partner, Devon Archer, the younger Biden wrote: “I don’t believe in lottery tickets, but I believe in the super chairman.”. … I think the sky’s the limit.”

In his investigation of Che Feng, Schweizer found that:

“This man was reportedly the director of the ministry’s No. 8 Bureau, which targeted foreigners with its intelligence apparatus — including reporters, diplomats, and businessmen. It was also reported that he oversaw intelligence operations for North America.”

Schwaizer identified a second key player in the BHR deal, Harvest Fund Management’s Henry Zhao (aka Zhao Xuejun):

“Zhao is a communist party official,” Schweizer explained.

“But more troubling — Zhao was at that time business partners with Jia Liquing, the daughter of the former Minister of State Security, Jia Chunwang,” he added, explaining that the Ministry of State Security is the equivalent of the KGB in China.

“Jia was famous during his tenure for developing China’s ‘deep water fish’ (Chendi yü) strategy of developing thousands of special agents on foreign soil.”

Taking advantage of these nefarious connections, Hunter Biden introduced Joe Biden to a BHR executive shortly after a father-and-son flight from Beijing on Air Force Two in December 2013.

The lawyer for Hunter Biden, George Mesires, has stated that Hunter Biden will resign from the board of BHR in October 2019 and will not receive “a return on his investment or shareholder distribution.”

“What Team Biden failed to address was the fact that Hunter Biden still owned a stake in the investment fund, said to be 10%,” Schweizer explained.

“When I first reported on Hunter Biden’s China ties in 2018, Team Biden denied that they existed,” he added. “Then they absurdly claimed that his stake in the BHR investment fund was only $420,000.”

Steve Kaplan, a researcher at the Booth School of Business at the University of Chicago, places the number a little higher.

“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Kaplan wrote Schweizer in an email. “The distinction they appear to be making is they capitalized the management company with $4.2M even if the fund manages $2B. The value of that management company is likely far in excess of $4.2M if they are managing $2B.”

Hunter’s lawyer claims that he sold his shares in BHR for an undisclosed figure.

Schweizer’s investigation also finds Harvest Global linked with another of Hunter’s firms, Burnham Asset Management, which, for unknown reasons, received $5 million from the firm Zhao founded with Jia Liqing.

Schweizer turned to Hunter’s laptop to get the in-depth story, referring to an email he received from James Bulger:

“Henry remains committed to also making something work with myself and Hunter outside of this Burnham matter as mentioned before,” the email said. “He has a few interesting ideas.”

Zhao allegedly told Hunter that the deal would lead to “putting money directly into our pockets.”

Schweizer highlighted Rosemont Reality, a real estate firm that Biden co-founded, as an example of a questionable deal, because “as early as 2011, he was looking for a Chinese buyer.”

A firm that owns commercial buildings in the United States received an unprompted offer from Hong Kong-based Gemini Investments to purchase the firm.

Similarly, it is a cause for concern.

“The company [Gemini] is controlled by something then-called Sino-Ocean Land, which was also chaired by the head of China Ocean Shipping Corporation (COSCO),” Schweizer added.

Schweizer explains that some western scholars refer to this company as “the fifth arm of the Chinese Navy” because of its strategic business deals in Europe. According to Xi Jinping, the company is “the dragon’s head for China.”

There is still question as to what the Hunter received from the sale of Rosemont Reality, but by looking at Hunter’s emails, it appears he received at least one payment in the ballpark of $188,000 from the company, and after the Chinese took over Rosemont, he held onto his stake.

There’s a looming energy crisis on the minds of many Americans and Europeans, so the $6 million donated to the Biden family by the Chinese former CEO of the CEFC China Energy, Ye Jianming, whose name surfaced during an investigation of Hunter’s business dealings, is something to be noted.

“In early 2017, one month after his father left office as vice president, Hunter Biden worked for Ye as a counselor and advisor,” Schweizer added, “and Joe Biden’s brother James received some of the funds that Ye transferred to Hunter.”

“Five million came in the form of a forgivable, interest-free, loan,” he continued. “Ethically, a loan is worse than a cash gift for a politician’s family, because the loan giver can always demand their money back if the recipient of the funds is not doing as they like.”

In the course of investigating the matter, it came to light that Ye was directly funded by Chinese military intelligence while he served in a leadership position within the China Association for International Friendly Contact (CAIFC).

“Ye Jianming’s close relationship with both the Chinese military-intelligence apparatus and the government cannot be overstated,” Schweizer emphasized.

A leaked audio recording obtained by RealClearPolitics refers to Ye’s “top lieutenant,” Patrick Ho, as the “f***ing spy chief of China,” according to Schweizer.

It is estimated that this payout will amount to a million dollars. The FBI arrested Ho in 2017 in connection with bribery charges “for offering money to African officials in exchange for energy deals.”

Ho called James Biden, looking for his nephew.

Hunter became CEFC’s defense attorney with minimal experience in criminal law and received a whopping million for his services.

“These deals are disturbing enough and are exacerbated by the fact that every one of them was made possible by an individual with ties that sometimes went to the highest levels of Chinese intelligence,” Schweizer emphasized.

“Americans deserve answers as to why the Bidens received some #31 million and what promises or influence did it buy,” he concluded. “If Washington is to restore what’s left of its credibility, Congress must launch wide-ranging and serious investigations into the Biden family’s China cash haul and the resultant national security implications.”

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