The NY Post keeps upping the stakes for Joe Biden — and Twitter and Facebook too. But right now it looks like Twitter has learned its lesson, and the new Hunter Biden story out this morning seems to be bouncing around Twitter without restriction.
Today’s story in the NY Post goes over business dealings between Hunter Biden and individuals in China, one of whom is said to have had connections to the Chinese military and intelligence services.
The Post has published an email — sent by Biden as part of an Aug. 2, 2017, chain — laying out the terms of a business deal with Ye Jianming, formerly the Chairman of CEFC (China Energy Fund Committee), at one time the largest “private” energy company in China. The business deal involved Biden getting half-ownership of a holding company that Biden anticipated would generate income for him of more than $10 million a year. His business partner, Ye Jinaming, has not been seen in more than two years.
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, according to reports.
Biden wrote that Ye had sweetened the terms of an earlier, three-year consulting contract with CEFC that was to pay him $10 million annually “for introductions alone.”
“The chairman changed that deal after we me[t] in MIAMI TO A MUCH MORE LASTING AND LUCRATIVE ARRANGEMENT to create a holding company 50% percent [sic] owned by ME and 50% owned by him,” Biden wrote.
“Consulting fees is one piece of our income stream but the reason this proposal by the chairman was so much more interesting to me and my family is that we would also be partners inn [sic] the equity and profits of the JV’s [joint venture’s] investments.”
The story includes a photo, apparently dated Aug. 1, 2017, on the laptop, showing a handwritten flowchart of the ownership of an entity named “Hudson West.” The flowchart depicts that Hudson West will be owned on a 50/50 based by two other entities — “Monochrome” and “Nane”. Those two entities are to be owned by the “Chairman” (Monochrome) and Hunter Biden (Nane).
The Report of the Senate Homeland Security and Governmental Affairs Committee released last month — and ignored by the press — showed a company called Hudson West III opened a line of credit in September 2017, and credit cards for use against that line of credit were issued to Hunter Biden, James Biden (his uncle), and Sara Biden (his aunt). The credit cards were used to make more than $100,000 in purchases, including travel, dining, and high-end retailers like Apple.
The Senate Report determined that Hudson West has since been dissolved — not an unwise decision when your business partner is arrested by Chinese military and hasn’t been seen in more than two years.
Biden’s email was sent to Gongwen Dong, whom The Wall Street Journal in October 2018 tied to the purchase by Ye-linked companies of two luxury Manhattan apartments that cost a total on $83 million.
Dong, who owns a sprawling mansion in Great Neck, LI, has been identified in reports as CFO of the Kam Fei Group, an investment firm based in Hong Kong.
Hunter Biden, drug addict and general ne’re do well, is negotiating eight-figure “consulting” deals with Chinese businessmen tied to Chinese military — just for making introductions — and the world is supposed to shrug?
Maybe — if that is all there was.
A few months before the deal outlined above, Hunter sought to develop a business venture with a different official of CEFC. In an email Hunter recieved from a consultant working on the details, the consultant laid out the guidelines as given to him by Hunter, which the consultant was apparently going to put forward to the potential Chinese partner.
The terms as outlined included that six individuals identified by Hunter would receive “remuneration packages” from the venture. Biden was to be designated either the “Chair” or “Vice-Chair” of the enterprise depending on what CEFC would agree to.
His pay was pegged at “850” and the email also noted that “Hunter has some office expectations he will elaborate.”
In addition, the email outlined a “provisional agreement” under which 80 percent of the “equity,” or shares in the new company, would be split equally among four people whose initials correspond to the sender and three recipients, with “H” apparently referring to Biden.
The deal also listed “10 Jim” and “10 held by H for the big guy?”
Neither Jim nor the “big guy” was identified further. “I am happy to raise any detail with Zang if there is [sic] shortfalls ?”
Zang Jian Jun was at one time the Executive Director of CEFC China. Again, this is the same firm for whom Ye Jianming was the Chairman, and it was Ye who disappeared after having entered into a business agreement with Hunter. The emails do not show whether the proposal for Zang, coming a few months before the Ye deal, was ever finalized.
A third significant Chinese “player” in this saga is Dr. Chi Ping Patrick Ho, said to have been one of Ye’s top deputies in CEFC while Ye was Chairman. In September 2017, Ho signed an Attorney Engagement Agreement to hire Hunter Biden as this attorney. The agreement provided that Ho would pay Biden a retainer in the amount of $1 million.
Two months later, in November 2017, Ho was charged by a federal grand jury in New York with having paid millions of dollars in bribes to the President of Chad and the Prime Minister of Uganda in order to position CEFC to capitalize on oil rights and other lucrative business opportunities in both countries.
Hunter Biden was not a criminal defense attorney and had no experience defending against criminal charges in federal court. There are no news reports on the trial that identify him as an attorney for Ho.
Ho was convicted in December 2018. He was originally sentenced to 36 months in custody but was released this past July after serving only 16 months due to COVID-19 concerns.