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President Biden and his family have benefited through the years by securing business deals totaling $31 million with people who have direct ties to the highest levels of China’s spy agency, according to a report in The New York Post.
Peter Schweizer, the author of the report, compiled a list of some of the bold names in China who have done business with the Bidens, and alleged ways the Bidens hid these dealings. He pointed to Hunter Biden’s work with Bohai Harvest RST, a Chinese investment fund, that he resigned from in October 2019.
In 2013, the younger Biden introduced his father—who was vice president at the time—to two executives at the fund. American tax dollars paid for the trip.
Hunter and his father traveled to Beijing at the time aboard Air Force Two, the report said. Hunter’s lawyers have done their best to downplay the financial ties and said he only had $420,000 in the fund, which Schweizer called an “absurd” claim.
“It is difficult to imagine, if not incomprehensible, that a 10 percent stake in those economics is worth only $420,000,” Steven Kaplan, a professor at the University of Chicago Booth School of Business, told Schweizer.
“The distinction they appear to be making is they capitalized the management company with $4.2 million even though the fund manages $2 billion. The value of that management company is likely far in excess of $4.2 if they are managing $2 billion.”
The report said Hunter Biden’s share was likely closer to $20 million.
The report, citing lawyers, said Hunter Biden sold his shares but did not disclose the amount. The report is the latest tying the Biden family to business dealings with a part of the world where U.S. influence has been controversial.
Ukraine
The media has done its best to muzzle any discussion of Hunter’s work for Ukraine’s Burisma H, a holding company for a group of energy exploration and production companies.
Biden called allegations of impropriety “a smear campaign” during the 2020 election. Former President Trump tried to use Hunter’s dealing with the company as an example of the Bidens’ effort to mooch off Joe, who was helping the White House at the time conduct the Obama administration’s foreign policy with Ukraine.
The New York Post, citing invoices on Hunter’s abandoned laptop, reported that Burisma paid him $1 million a year while his father was vice president—or about $83,333 per month. The holding company cut his pay in half when his father exited office, the report said.
Schweizer said in an interview on Fox News that the “worst thing that stands out to me is that every single deal that the Biden family got in China when Joe Biden was vice president was involving an individual who had had links to the highest levels of Chinese intelligence.”
Schweizer said that the family of House Speaker Nancy Pelosi, who is worth about $114 million, has also done a lot of business with China since the start of the COVID-19 outbreak. He pointed out that she has refused to allow a single congressional hearing to even discuss the origins of the COVID virus.
“Why on earth would the Speaker of the House take that position?” he asked.
TRENDPOST: The Trends Journal had reported extensively on the Biden deals with Ukraine. Back in 2013, Vice President Joseph Biden’s son, Hunter, and Devon Archer, a partner in Rosemont Capital, a private-equity firm he co-founded with Christopher Heinz, Secretary of State John Kerry’s stepson, were both appointed to the board of directors of Burisma Holding, Ukraine’s top private gas company: “Burisma Holdings reminds me of Exxon in its early days,” Mr. Archer boasted.
How did Hunter Biden and Devon Archer, two members of the White Show Boy Gang, who live over 5,000 miles away and know dick about shit about Ukraine energy, get an allegedly $50,000 a month each to sit on Burisma’s board? Archer was convicted in 2018 in a securities fraud scheme that involved $60 million worth of bonds by the Oglala Sioux Indian tribe.