(PresidentialWire.com)- In a Thursday NBC News report analyzing documents released by Senate Republicans and data from Rudy Giuliani’s infamous hard drive, new details about Hunter Biden’s foreign business dealings emerged.
According to the report, between October 2017 and February 2018, Biden spent $200,000 per month on “luxury hotel rooms, Porsche payments, dental work, and cash withdrawals,” even though very few of his business deals resulted in anything useful. In Delaware, his taxes are currently being investigated. Hollywood attorney Kevin Morris is said to have paid off the outstanding debt.
Around $5.8 million of the $11 million Biden and his firm made between 2013 and 2018 came from two deals with “Chinese business interests,” though there is no explanation for this money. According to the data referenced in the report, few Biden business deals were leading to anything at the time.
The majority of the $5.8 million came from Hudson West III, a venture capital firm with funding from Chinese oil company CEFC and its chairman, Ye Jianming, who has since been accused of fraud and bribery and vanished from the public view in 2018. The Chinese Embassy in Washington, D.C., could not provide an update on the Jianming case because it was unfamiliar to them.
Hunter Biden’s company, Owasco P.C., was paid nearly $4.8 million, but data reviewed shows no deals were completed. A potential gas deal was one of the deals mentioned, but nothing came of it. Britt Singletary, an attorney who worked on the deal, told NBC that the deal was “too risky” for the president’s son.
Biden also transacted business with Patrick Ho, a Jianming associate convicted of money laundering and bribery in 2014 while pursuing oil deals in Uganda and Chad.
According to the data on the hard drive, Hudson West III paid Biden’s firm $1 million in 2018 with the memo “Dr. Patrick Ho Chi Ping Representation.” However, there is no publicly available information confirming Biden’s involvement in Ho’s case. There is also no evidence in the data from the hard drive that Biden was providing extensive legal advice on the matter.
Biden’s past financial difficulties and foreign business dealings have raised eyebrows in the past, but he insists that no deal was ever made to influence his father, now-President Joe Biden. The president’s son has also stated that the Delaware tax investigation will exonerate him of any wrongdoing.
