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Indeed, every known deal that the Biden family enjoyed with Beijing
was reached courtesy of individuals with spy ties. And Joe Biden
personally benefited from his family’s foreign deals.
What are these deals? And who are the individuals who made them
happen for the Bidens?
Here, then, are a few key facts about the Biden family’s $5
million-plus deals with individuals in bed with Chinese
intelligence.
In 2018, I was the first to report on Hunter Biden’s involvement
with a Chinese investment fund called Bohai Harvest RST (BHR).
Hunter even introduced his dad to a company executive in December
2013 when father and son flew to Beijing on Air Force Two.
In October 2019, Hunter Biden’s lawyer George Mesires said Hunter
would be resigning from the BHR board, without receiving any return
on his investment or shareholder distributions.
What Team Biden failed to address was the fact that Hunter Biden
still owned a stake in the investment fund, said to be 10%.
When I first reported on Hunter Biden’s China ties in 2018, Team
Biden denied that they existed. Then they absurdly claimed that his
stake in the BHR investment fund was only $420,000.
Steven Kaplan, who conducts research on issues in private equity,
venture capital, entrepreneurial finance, corporate governance and
corporate finance at the University of Chicago Booth School of
Business, said a private equity fund with $2 billion under
management will typically generate fees over its life of hundreds of
millions of dollars.
“It is difficult to imagine, if not incomprehensible, that a 10%
stake in those economics is worth only $420K,” Kaplan said via
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.”
Kaplan pointed to two large publicly traded private equity firms for
reference, both of which have a market value of about 10% of the
assets under their management. Using that as a rough guide, that
would put the value of Hunter Biden’s share closer to $20 million,
he said.
Two months ago, Hunter Biden’s lawyer said he sold his equity stake.
They have not disclosed how much he made.
But courtesy of the Hunter Biden emails on his abandoned laptop, we
now know two of the key individuals who made that deal happen. And
at the time, they had close ties to the very top of the Chinese
intelligence apparatus.
A Chinese tycoon named Che Feng, a k a “The Super Chairman,” played
a key role in getting the deal going by introducing Hunter and his
partners to large Chinese state-backed investment funds. Hunter saw
a big payday. As he wrote in one email to business partner Devon
Archer, “I don’t believe in lottery tickets anymore, but I do
believe in the super chairman … I think the sky’s the limit.”
Who exactly is Che Feng?
At one time, he was business partners with the then-vice minister
for state security in China, which is China’s KGB.
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.
Another key figure in putting this investment deal together was Zhao
Xuejun (a k a Henry Zhao) of Harvest Fund Management. Zhao is a
Communist Party official. (“The mission of our Party is to bring
happiness to people, and to revive the nation for people,” he has
said.)
But more troubling — Zhao was at that time business partners with
Jia Liqing, the daughter of the former minister of state security,
Jia Chunwang.
In short, he was in charge of espionage, domestic and overseas
intelligence work for 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.
Zhao was also a key figure for Biden prospects in China. His fund
participated in BHR, where Hunter Biden received a board seat. The
business that he co-founded with Jia Liqing, Harvest Global
Investments, also figures in Deal #2.
Hunter Biden had another company called Burnham Asset Management.
According to court documents filed by disgruntled investors, Harvest
Global wired Burnham $5 million.
The purpose of this payment is unclear, but it may have been
intended as an investment in Hunter’s business.
According to emails obtained from Hunter Biden’s laptop, Zhao may
have sent other money, too.
“Henry remains committed to also making something work with myself
and Hunter outside of this Burnham matter as mentioned before,”
business partner James Bulger wrote. “He has a few interesting
ideas.”
Zhao had suggested to Hunter and his business partners that he would
structure a deal they estimated would be “putting money directly
into our pockets.”
Hunter Biden had co-founded a firm called Rosemont Realty, and as
early as 2011, he was looking for a Chinese buyer.
Rosemont Realty owns commercial buildings around the United States.
He had little luck initially, but then he and his partners received
an “unsolicited offer” from a Hong Kong-based firm called Gemini Investments to buy his firm.
What is Gemini? The company is controlled by something then called
Sino-Ocean Land, which was also chaired by the head of China Ocean
Shipping Corporation (COSCO).
Japanese government agencies report that “Chinese intelligence
services are closely linked” to COSCO. Some scholars in the West
refer to COSCO as the “fifth arm of the Chinese Navy.”
For his part, President Xi Jinping has called the company “the
dragon’s head for China” because of its strategic activities in
Europe.
Hunter worked even more closely with COSCO in an attempt to buy the
Greek national railway.
How much has Hunter Biden made from the Chinese deal that took over
Rosemont Realty? It is impossible to know. But emails reveal at
least one payment of approximately $188,000 from Rosemont Realty to
Hunter Biden.
He also retained his stake in the company after the Chinese
leadership took over.
Ye Jianming, a wealthy Chinese businessman and the head of CEFC
China Energy, provided $6 million to the Biden family, according to
a Senate investigation into Hunter’s activities.
In early 2017, one month after his father left office as vice
president, Hunter Biden worked for Ye as a counselor and adviser,
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.
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.
Who exactly is Ye?
Ye Jianming once served in a leadership position within the China
Association for International Friendly Contact (CAIFC), which is
funded directly by Chinese military intelligence.
CEFC’s corporate documents confirm its self-perceived role in
advancing China’s national energy strategy. Ye Jianming’s close relationship with both the Chinese military intelligence apparatus
and the government cannot be overstated.
Hunter Biden received even more money in his relationship with CEFC
and Ye Jianming.
In 2017, one of Ye Jianming’s “top lieutenants,” Patrick Ho, was
arrested on bribery charges by the FBI for offering money to African
officials in exchange for energy deals.
He immediately called James Biden, Joe Biden’s brother, looking for
Hunter Biden.
Hunter was soon hired by CEFC to be Patrick Ho’s defense attorney
despite his little experience in criminal defense. CEFC paid Hunter
a $1 million fee. Hunter referred to Patrick Ho as “the f–ing spy
chief of China,” according to leaked audio obtained by
RealClearPolitics.
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.
But there is also the curious fact that in 2014, Hunter Biden took
the unusual step of telling the Secret Service that he did not want
protection when he traveled overseas. The request happened shortly
after he began securing deals in Beijing.
Money that Hunter Biden received from his overseas deals flowed to
other members of the Biden family.
Joe Biden’s brother James received over $1 million originating from
the spy-connected Ye, according to a US Senate investigation.
And Joe Biden benefited, too.
In a text to his daughter, Hunter Biden insinuated that he was
giving half his salary to “pop.” This is more than hyperbole.
Email records back him up to the extent that they show Hunter’s
businesses paying some of his father’s bills while he was vice
president of the United States. This means that Joe Biden benefited
from these financial deals that happened courtesy of executives
linked to Chinese spies.
Americans deserve answers as to why the Bidens received some $31
million and what promises or influence it bought. 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.
https://nypost.com/2022/01/27/chinese-elite-have-paid-some-31m-to- hunter-and-the-bidens/
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