New York Post release an article revealing the Biden family's ties to Chinese elite with payments of $31 million
Author Peter Schweizer released an article revealing close connections between China and The Biden family the results of which are $31 million dollars the Bidens received.
In the article published on New York Post, the author of the new book “Red-Handed: How American Elites Get Rich Helping China Win” provide some key facts of the five deals between Chinese intelligence and the Biden family, from which Joe personally benefitted.
Here are a few of these facts.
The first deal was BOHAI HARVEST RST in 2018, the payout was estimated $20 million.
Hunter Biden was involved with a Chinese investment fund called Bohai Harvest RST (BHS) and owned a stake said to be 10%.
Biden team died any ties with China but then claimed that Hunter’s stake in the BHR investment fund was only $420,000.
“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Steven Kaplan, who conducts research on issues in private equity, venture capital, entrepreneurial finance, corporate governance and corporate finance at the University of Chicago Booth School of Business, said via email. “The distinction they appear to be making is they capitalized the management company with $4.2M even if the fund manages $2B. The value of that management company is likely far in excess of $4.2M if they are managing $2B.”
The key figures in this deal were Che Feng, the director of the ministry’s No. 8, Bureau, which targeted foreigners with its intelligence apparatus, and Zhao Xuejun, a communist party official.
DEAL #2: BURNHAM ASSET MANAGEMENT
Payout: $5 million
Hunter Biden had another company called Burnham Asset Management. According to court documents filed by disgruntled investors, Harvest Global wired Burnham $5 million.
Zhao Xuejun, also known as Henry Zhao, reportedly also sent other money, according to emails obtained from Hunter Biden’s laptop.
“Henry remains committed to also making something work with myself and Hunter outside of this Burnham matter as mentioned before,” business partner James Bulger wrote. “He has a few interesting ideas.”
Zhao had suggested to Hunter and his business partners that he would structure a deal they estimated would be “putting money directly into our pockets.”
DEAL #3: “DRAGON HEAD”
In 2011 Hunter Biden was looking for a Chinese buyer for Rosemont Reality, a company that owns commercial real-estate in the US. Biden the junior was a co-founder of the firm.
Hunter and his partners received a bid from a Hong-Kong based firm Gemini Investment, the also chaired by the head of China Ocean Shipping Corporation (COSCO), the “fifth arm of the Chinese Navy.”
It was reported by Japanese government agencies that “Chinese intelligence services are closely linked” to COSCO.
According to the mails, Hunter Biden received about $188,000 in at least one payment from selling Rosemont Realty.
He also retained his stake in the company after the Chinese leadership took over.
More details and the reports of the other two deals can be found here.