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Biden Inc. Presents a China Extortion Risk for America
The U.S. Director of National Intelligence John Ratcliffe has characterized it as America’s number one security threat.
In a Dec. 3 Wall Street Journal op-ed, DNI Radcliffe warned: “The intelligence is clear; Beijing intends to dominate the U.S. and the rest of the planet economically, militarily, and technologically.”
Speaking on a Chinese television program, Prof. Di Dongsheng, an associate dean at the Renmin University School of International Studies in Beijing, candidly confirmed that Beijing held special personal extortion influence over Joe Biden.
Di made special note of how easy it had been to manipulate the Obama-Biden administration. He expressed pleasure that a Joe Biden presidency will be favorable to a return of Beijing influence through their undercover network of “old friends” who were at the highest levels of the U.S. government and financial institutions.
Prof. Dongsheng rhetorically asked the studio audience, “You all heard that Trump said Biden’s son has securities companies all over the world. But who helped Biden’s son build his global companies? Got it?”
Following audience laughter and applause, the professor added, “There are indeed buy-and-sell transactions involved in here, so I think at this particular time, [with Biden winning the election], it is of strategic and tactical value for us to show goodwill to him.”
Di was obviously referring to lucrative “Biden Inc.” family influence peddling and profiteering deals first reported in an Oct. 14 New York Post feature but ignored in most of the media.
Less than two weeks after accompanying his father on an official 2013 visit to China aboard Air Force Two, then-Vice President Biden’s son Hunter inked a $1.5 billion investment deal with the Communist state-owned Bank of China on behalf of a private equity firm he had established in 2009 with Christopher Heinz, the stepson of former Secretary of State John Kerry.
The transaction was accomplished through Bohai Harvest RST (BHR), a company where Hunter served on its board. A BHR representative reported in July 2019 that Hunter had introduced his father to Chinese private equity executive Jonathan Li during the trip, who later became BHR’s CEO.
Another enormously troubling Chinese incident following Joe Biden’s final term as vice president involved Hunter’s May 2017 dealings with CEFC, a now-defunct Shanghai-based energy company with broadly known Communist government and military ties which was later bankrupted following U.S. government money laundering charges.
Numerous records obtained from Hunter’s laptop, along with corroborating emails and text messages provided by former Hunter partner Tony Bobulinski, point to the Biden family as possibly profiting by selling the former veep’s political influence, and that Joe may have known about and fully endorsed the scheme.
Bobulinski has publicly recounted being introduced to Joe by his brother Jim and son Hunter on May 2, 2017. “That night,” Bobulinski said, “we discussed the Bidens’ history, the Biden family’s plans with the Chinese, with which he [Joe] was plainly familiar, at least at a high level.”
Tony Bobulinski has also produced an email from Hunter’s partner James Gilliar that proposes that the “big guy,” confirmed to mean Joe Biden, receive 10% of the venture’s equity.
An August 2017 email from “Robert Biden” (Hunter’s legal first name) then crows that the original deal which was for $10 million a year in fees, had since become “much more interesting to me and my family” because it included a share of “the equity and profits.”
According to an Aug. 2, 2017 email, a three-year consulting deal Hunter struck with the since-vanished CEFC chairman Ye Jianming for half-ownership of a holding company was to pay him $10 million annually “for introductions alone.”
According to reports, Ye, who had ties to the Chinese military and intelligence service, hasn’t been seen since being taken into custody by Chinese authorities in early 2018, and CEFC went bankrupt earlier this year.
Another email reveals Hunter asking the general manager of a Washington, D.C. office building to “Please have keys made available for new office mates” Joe Biden, Jill Biden, and Jim Biden, as well as for “Gongwen Dong (Chairman Ye CEFC emissary).”
It was already clear at the time that Joe was considering a presidential run, and that such transparent influence-peddling transactions and relationships would deeply compromise his ability to represent America in tough dealings with China and other foreign economic and military adversaries.
This is much larger than a Biden family problem. Far more important is how much Chinese extortion leverage will cost America.
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