If you’re wondering why Joe Biden is kind to China, consider a revelation that has never been reported. Spy agency.
Indeed, all known deals that the Biden family enjoyed in Beijing were accomplished in the favor of espionage individuals, and Joe Biden personally benefited from his family’s foreign deals.
What are these deals? And who made them happen for Bidens?
Here are some important facts about the Biden family’s over $ 5 million deal with individuals sleeping with Chinese intelligence.
Transaction # 1: BOHAI HARVEST RST
payment: Estimated $ 20 million
In 2018, I first reported that Hunter Biden was involved in the Chinese investment fund Bohai Harvest RST (BHR). The hunter introduced his father to company executives when his father and son flew to Beijing on Air Force One in December 2013.
In October 2019, Hunter Biden’s lawyer, George Mesiles, said Hunter would resign from the BHR board without receiving any return on investment or distribution to shareholders.
What Team Biden couldn’t deal with was the fact that Hunter Biden still owns shares in the investment fund. This is said to be 10%.
When I first reported on Hunter Biden’s relationship with China in 2018, Team Biden denied them existed.
Stephen Kaplan, who studies private equity, venture capital, entrepreneurial finance, corporate governance, and corporate finance issues at the University of Chicago Booth Business School, said the private equity fund, which manages $ 2 billion, is usually Said to incur a lifetime fee. Hundreds of millions of dollars.
“It’s hard to imagine that a 10% stake in these economics is worth just $ 420,000, if not incomprehensible,” Kaplan said in an email. The fund manages $ 2 billion. The value of the management company can well exceed $ 4.2 million if it manages $ 2 billion. “
Kaplan pointed out two large listed private equity companies for reference. Both have a market value of approximately 10% of the assets under their control. Using this as a rough guide, Hunter Biden’s share is worth close to $ 20. One million, he said.
Two months ago, Hunter Biden’s lawyer said he sold his stake, but they didn’t reveal how much he earned.
But thanks to Hunter Biden’s abandoned laptop email, we now know the two key figures who made the deal a reality. And at that time, they had a close relationship with the top of China’s intelligence agencies.
Che Feng, also known as the “super chairman,” played a key role in closing deals by introducing hunters and their partners to a large Chinese state-sponsored investment fund. .. The hunter saw a big payday. “I don’t believe in the lottery anymore, but I believe in the Super Chairman … I think the sky is the limit,” he told his business partner Devon Archer.
Who exactly is Che Feng?
Once upon a time, he was a business partner with China’s KGB, China’s Deputy National Security Minister.
The man was reportedly the eighth director of the ministry’s intelligence agency, targeting foreigners, including reporters, diplomats, and businessmen, and oversaw intelligence operations in North America.
Another key figure in concluding this investment agreement was Harvest Fund Management’s Zhao Xuejun (aka Henry Zhao). Zhao is a Communist Party official (“Our party’s mission is to bring happiness to people and to revive the country for them,” he said.)
But to make matters worse, Zhao was a business partner with Jia Chunwang, the daughter of former Defense Minister Jia Chunwang at the time.
In short, he was in charge of Chinese espionage, domestic and international intelligence. During his tenure, Jia was famous for developing China’s “Deep Sea Fish” (Chendiyü) strategy to develop thousands of specialized agents in foreign soils.
Zhao was also a key figure in Biden’s outlook for China. His fund participated in BHR, where Hunter Biden won the board of directors. Deal # 2 also includes a business he co-founded with the Kami International Asset Management Organization.
Transaction # 2: Burnham Asset Management
payment: $ 5 million
Hunter Biden had another company called Burnham Asset Management. Harvest Global has wired $ 5 million to Burnham, according to court documents filed by dissatisfied investors.
The purpose of this payment is not clear, but it may have been intended as an investment in the hunter’s business.
According to an email obtained from Hunter Biden’s laptop, Zhao may have sent other money as well.
“Henry, as mentioned earlier, continues to work with me and the hunters to get something working well besides this Burnham issue. He has some interesting ideas,” Business said. My partner James Balger writes.
Zhao suggested to Hunter and his business partners to build a deal that they estimated to “put money directly in our pocket.”
Transaction # 3: Hunter teams up with Chinese “Dragon Head”
Payment: $ 188,000 or more
Hunter Biden co-founded a company called Rosemont Realty, looking for Chinese buyers as early as 2011.
Rosemont Realty owns commercial buildings throughout the United States.
He had little luck at first, but then he and his partner received a “one-sided offer” from a Hong Kong-based company called Gemini Investments to acquire his company.
What is Gemini? The company is managed by what is called China Ocean Shipping, which was chaired by the chairman of the China Ocean Shipping Company Limited (COSCO) at the time.
A Japanese government agency reports that “China’s intelligence agencies are closely associated with COSCO.” Some Western scholars call COSCO the “Fifth Army of the Chinese Navy.”
President Xi Jinping calls the company “Chinese Dragons Head” because of his strategic activities in Europe.
The hunters worked even more closely with COSCO to purchase the Greek national railway.
It’s impossible to know how much Hunter Biden earned from a Chinese deal that acquired Rosemont Realty, but the email will pay about $ 188,000 from Rosemont Realty to Hunter Biden. Has been shown to be at least once.
He also maintained a stake in the company after the Chinese leader took over.
Transaction # 4: CEFC China Energy
Payment: $ 6 million
According to a Senate survey of hunter activity, Ye Jang-min, a wealthy Chinese businessman and head of CEFC China Energy, has donated $ 6 million to the Biden family.
In early 2017, a month after his father resigned as Vice President, Hunter Biden worked for you as a counselor and advisor, and Joe Biden’s brother James was one of the funds you transferred to Hunter. I received the department.
$ 5 million was offered in the form of a permissible interest-free loan. Ethically, they like the beneficiaries of the loan.
Who are you exactly?
Ye Jianming was once a leader within the China Association for International Friendly Contact (CAIFC), which is directly funded by China’s military intelligence agencies.
CEFC’s corporate documents confirm the role of CEFC’s self-awareness in promoting China’s national energy strategy. The close relationship between Ye Jianming and both China’s military intelligence and government cannot be exaggerated.
Transaction # 5: CEFC’s PATRICK HO
payment: $ 1,000,000
Hunter Biden received more money in relation to CEFC and Ye Jang Min.
In 2017, Patrick Ho, one of Ye Jianming’s “top lieutenants,” was arrested by the FBI for bribery for providing money to African authorities in exchange for energy transactions.
He immediately called Joe Biden’s brother, James Biden, to find Hunter Biden.
The hunter was soon hired by CEFC to become Patrick Ho’s defense counsel, despite having little experience in criminal defense. CEFC paid the hunter a $ 1 million fee. Hunters call Patrick Ho a “Chinese spy chief.” According to RealClearPolitics.
These deals are disturbing enough and are exacerbated by the fact that all of them are sometimes made possible by individuals with relationships that have gone to the highest levels of intelligence in China.
However, there is also the strange fact that in 2014 Hunter Biden took the unusual step of telling the Secret Service that he did not want protection when traveling abroad. This request came shortly after starting to secure a deal in Beijing.
The money that Hunter Biden received from overseas transactions flowed to other members of the Biden family.
Joe Biden’s brother James received more than $ 1 million from Ye, who was connected to a spy, according to a US Senate investigation.
And Joe Biden also benefited.
Hunter Biden, in a text to his daughter, hinted that he was giving “pop” half his salary. This is more than an exaggeration.
Email records support him to the extent that he is paying part of his father’s invoice when he was the Vice President of the United States. This means that Joe Biden has benefited from these financial transactions conducted in favor of executives associated with Chinese espionage.
Americans deserve to answer why Biden received about $ 31 million and the promises and implications it bought. If Washington restores its credibility, Congress should begin an extensive and serious investigation into Biden’s Chinese cash transport and its consequences. National security implications.
Peter Schweizer is the author of a new book, Red-Handed: How American Elites Get RichHelpingChinaWin.