The Senate’s report on Hunter Biden’s activities released several months ago, which was spun by the New York Times as having shown “no evidence of wrongdoing,” nevertheless had several important gaps in the business activities of the troubled son of the former vice president.
Draft legal documents and 2017 bank records obtained by The American Conservative show at least $5 million was transferred to Hunter and Jim Biden from companies associated with the Chinese conglomerate CEFC, with millions coming after the company had come under legal scrutiny both in the United States and China.
CEFC official Patrick Ho was arrested in November 2017 and charged by the Southern District of New York with corruption, and was convicted last year. In addition, on or about March 1, 2018, CEFC Chairmen Ye Jianming was arrested in China for economic crimes and hasn’t been seen since. CEFC assets in China were seized by Chinese state agencies. In the U.S., major beneficiaries were Hunter and Jim Biden.
What the following documents show is that as regulators moved to seize CEFC’s assets, Hunter Biden attempted to take control of the company founded in partnership with it. Instead, after striking a deal with two CEFC employees in the U.S., the funds were disbursed over the next six months to his and his uncle’s companies until it was all gone, in total at least $5 million. read more