It is hard to know exactly where Hunter Biden’s unethical financial dealings with China begin and end. It’s a puzzle, a labyrinth, a question wrapped in a maze. But it certainly started before his father ran for president this time. Hunter Biden has been trading on the Biden name for a while. He makes Billy Carter look like Laura Bush. But Dad said this right before the election.
— Sean Spicer (@seanspicer) December 11, 2020
A Senate report is just out on the matter. FNC makes a noble attempt to understand it. We will also try to piece it together.
FNC: “Hunter Biden’s past dealings with Chinese nationals – including some flagged for ‘potential financial criminal activity’ – are outlined in a Senate committee report reviewed by Fox News. The details come as Biden – the 50-year-old son of President-elect Joe Biden – on Wednesday acknowledged that he has been under a grand jury investigation through the U.S. Attorney’s Office in Delaware since 2018 over his ‘tax affairs.’
‘Hunter Biden had business associations with Ye Jianming, Gongwen Dong and other Chinese nationals linked to the Communist government and the People’s Liberation Army,’ the report says. ‘Those associations resulted in millions of dollars in cash flow.’
‘According to the report, Hunter Biden’s relationship with Ye Jianming and Gongwen Dong began in 2015, while Biden’s father was vice president under former President Barack Obama.
‘Ye’s connections to the Communist government are extensive and … Ye was also financially connected to Vice President Biden’s brother, James Biden,’ the report says. ‘Thus, there exists a vast web of corporate connections and financial transactions between and among the Biden family and Chinese nationals…Although ownership in Coldharbour Capital is equally divided between two individuals, Mervyn Yan and Tian Zhang, it has a business address identified as the address of Gongwen Dong,’ the report adds. ‘According to records on file with the Committees, Hudson West III checking accounts were opened on Aug. 3, 2017, and Sept. 6, 2017, with Yan and Robert Hunter Biden. Gongwen Dong was a former signer, which suggests that at one time he was associated with Hudson West III’s bank accounts and finances.”
Following along? Yeah, us too. “Four days later, on Aug. 8, 2017, the subsidiary wired $5 million to the Hudson West III account, according to the Senate report. ‘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.
“The same day the $5 million was received, the report adds, Hudson West III began sending ‘frequent payments’ to Owasco (the Hunter Biden firm), with the payments continuing for more than a year, through Sept. 25, 2018. “These payments, which were described as consulting fees,” the report adds, reached $4,790,375.25 in just over a year to Dr Patrick Ho Chi Ping Representation.” The Senate report says Hunter Biden said this ‘misdirected’ $1 million was related to his representation of Patrick Ho, another associate of Ye. ‘These transactions illustrate the financial connections between Gongwen Dong’s Hudson West III, Ye Jianming’s CEFC, and Hunter Biden’s Owasco,’ the report adds.”
“These transactions illustrate a direct financial link between Hudson West III (which was connected to CEFC, the Chinese government, and Gongwen Dong) and James Biden.” That’s about as concise a report as we can make. Bottom line? Hunter Biden made a lot of money off the Chinese because he was his Dad’s son. That opens him and his Dad to compromise by our greatest global adversary.