(PresidentialWire.com)- Hunter Biden, the son of Democratic presidential nominee Joe Biden, just keeps causing more trouble for his dead. Among ongoing questions and controversy about his business dealings in Ukraine while his father was vice president, Hunter Biden is now under scrutiny for his business dealings in China.
A report from the Senate Homeland Security and Governmental Affairs Committee, as well as the Senate Finance Committee, shows how Hunter Biden and other family members have close ties to the Chinese communist government, as well as Kazakhstan, Ukraine, and Russia. The report suggests that Hunter Biden took around $5 million from a Chinese oligarch, Ye Jianming, in “consulting” fees.
Here’s what the report found:
“On Aug. 8, 2017, CEFC Infrastructure Investment wired $5 million to the bank account for Hudson West III. These funds may have originated from a loan issued from the account of a company called Northern International Capital Holdings, a Hong Kong-based investment company identified at one time as a “substantial shareholder” in CEFC International Limited along with Ye. It is unclear whether Hunter Biden was half-owner of Hudson West III at that time. However, starting on Aug. 8, the same day the $5 million was received, and continuing through Sept. 25, 2018, Hudson West III sent frequent payments to Owasco, Hunter Biden’s firm. These payments, which were described as consulting fees, reached $4,790,375.25 in just over a year.”
Biden’s law firm then refunded a million dollars of that $5 million sum, saying that the payment was made in connection to his legal firm’s representation of Patrick Ho, an associate of Jianming. Ho was also convicted of money laundering and international bribery in 2019.
Ho’s representation, however, didn’t include Hunter Biden’s firm. Court records show that Ho was represented by Decher LLP and Krieger Kim & Lewin LLP.
“In his alternative explanation, Hunter Biden indicated that the misdirected $1 million was related to his representation of Ye’s associate, Patrick Ho. These transactions illustrate the financial connections between Gongwen Dong’s Hudson West III, Ye Jianming’s CEFC, and Hunter Biden’s Owasco,” the report added.
The Senate committees also found that Hunter Biden’s law firm transferred funds to a consulting firm run by James Biden, the brother of Joe Biden, while he was receiving money from the Chinese oligarch.
Reports say that between August 2017 and August 2018, Hunter Biden wired $1,398,999 to the Lion Hall Group, which was run by James Biden and his wife. Senate committees determined that the transaction could be connected to “criminal financial activity.”
Not only does Hunter Biden take money from the Chinese, but he is understood to have received $3.5 million for a “consultancy agreement” with Yelena Baturina, a Russian oligarch, in 2014 when his father was vice president.
Who wants to bet this will be President Trump’s first line of attack during the debates?
