Hunter Biden made millions from overseas business deals, analysis of first son’s infamous laptop says BNC News. Hunter Biden has raised the most money from Chinese business dealings. However, President Joe Biden has previously said his son is not making money in China.
The NBC News report said: “From 2013 to 2018, Hunter Biden and his company made approximately $11 million from his roles as a lawyer and board member of a Ukrainian company accused of corruption and of his work with a Chinese businessman now accused of fraud.”
Of the $11 million Biden made over the 5-year period, $5.8 million was obtained through two business deals with Chinese entities.
“The documents and analysis, which do not show what he did to earn millions from his Chinese partners, raise questions about national security, business ethics and possible legal exposure,” reported NBC News.
Findings regarding Hunter’s finances come from a copy of Biden’s hard drive, his iCloud account and an 87-page document. report titled “Hunter Biden, Burisma, and Corruption: The Impact on US Government Policy and Related Concerns” published by Sens. Ron Johnson (R-Wis.) and Chuck Grassley (R-Iowa) in September 2020.
Hunter Biden’s business in China
The analysis found that Hunter’s most lucrative deal involved a Chinese businessman who is now believed to be detained in China, according to NBC News.
“According to trade documents cited in the Senate report, Hudson West III, a venture backed by Chinese oil and natural gas company CEFC and its chairman, Ye Jianming, paid Owasco PC $4,790,375.25 out of approximately a year.”
Owasco PC was controlled by Hunter Biden, according to documents filed in Washington, DC
In 2018, Ye Jianming was charged with “economic crimes” by Chinese prosecutors. He has not been seen in public since being held for questioning on fraud and corruption charges.
Ye Jianming is the former chairman of the China Energy Fund Committee. He is rumored to have ties to the People’s Liberation Army of China. A 2018 FinancialTimes report linked him to Chinese military intelligence.
“Ye’s company, CEFC China Energy, aligned itself so closely with the Chinese government that it was often difficult to distinguish between the two,” CNN reported in 2018.
Chi Ping Patrick Ho – an associate of Ye Jianming and a top CEFC executive – allegedly wired a $1 million payment to Owasco PC which was listed as “Representation of Dr. Patrick Ho Chi Ping”.
In March 2019, Patrick Ho was sentenced to three years in prison for international corruption and money laundering.
The New York Post reported in October 2020 that Patrick Ho was brokering a partnership between the multi-billion dollar energy company and a business group involving Hunter Biden and his uncle, James Biden.
Joe Biden denied his son’s profitable Chinese businesses
However, Joe Biden previously said his son made no money in China during a 2020 presidential debate with Donald Trump.
“My son hasn’t made any money in terms of, what are you talking about, China,” Biden said.
After he was elected, the Biden White House doubled down on the claim that Hunter had not received any money from China.
In March, White House communications director Kate Bedingfield was asked about the damning New York Times report that said the emails from Hunter’s abandoned laptop were genuine.
“We absolutely stand by the president’s comment,” Bedingfield replied. “And I would like to point out to you the report on this, which referred to statements that we made at the time, that we gave to the Washington Post, which worked on this story. But as you know, I’m not speaking for Hunter Biden, so I can’t say more about that.
Hunter Biden’s Ukrainian connections
The NBC News report also mentions Hunter’s stance on Ukrainian gas company Burisma.
“Biden’s addition to the company’s board as head of legal affairs was reported in a press release in May 2014,” the outlet said. “At some point, from May to December 2014, Burisma allegedly paid a bribe to a Ukrainian official to help him end a joint Anglo-American investigation into the money laundering of the top leader of Burisma, according to a State Department email quoting a Ukrainian prosecutor.”
the New York Post previously reported, “In 2016, Hunter’s total income from Burisma was $999,996. In 2017, it dropped to $665,000, then to $498,000 in 2018.”
Hunter Biden blows fast cash
Analysis of his laptop’s hard drive showed that Hunter was spending his money faster than he was earning it.
“Expenses compiled on his hard drive show he spent over $200,000 a month from October 2017 through February 2018 on luxury hotel rooms, Porsche payments, dental care and cash withdrawals.” , according to NBC News. “Biden admitted to spending money on drugs and partying with strangers who regularly robbed him, and he struggled to pay multiple mortgages or pay alimony and child support payments. his ex-wife.”
In his February 2017 divorce petition, his ex-wife’s attorney, Kathleen Buhle, claims“Throughout the separation of the parties, Mr. Biden created financial worries for the family by spending extravagantly on his own interests (including drugs, alcohol, prostitutes, strip clubs and gifts for women he has sex with) while leaving the family without funds to pay legitimate bills.”
Hunter Biden may have been a national security risk
Frank Figliuzzi – the former FBI deputy director for counterintelligence – has warned that Hunter Biden could pose a national security risk.
“It’s all about access and influence, and if you can compromise someone with both access and influence, that’s even better,” Figliuzzi told NBC News – where he is a contributor. “Even better if that target has already compromised.”
Walter Shaub – a former director of the US Office of Government Ethics during the Obama administration – blasted Biden, “No rules of government ethics apply to him.”
Hunter Biden’s defense attorney, Christppher Clark, declined to comment to NBC News on the scan of his client’s laptop.