First son Hunter Biden angrily threatened a Chinese businessman over a business deal in 2017.Hunter and his associates raked in roughly $17.3 million between 2014 and 2019 from entities in Ukraine, Romania and China, $8.3 million of which went to the first son, IRS whistleblowers testified to the House Ways and Means Committee.Who was Hunter Biden threatening and why?
The BHR Partners fund formed 12 days after Hunter had joined his then-vice president father aboard Air Force Two for a state visit to Beijing., Zhao was also an executive with CEFC China Energy at the time and apparently helped Hunter and his associates — including first brother James Biden — further their business with the Chinese energy conglomerate.
“If you think this is about money it’s not,” Hunter Biden reportedly said. “The Bidens are the best I know at doing exactly what the chairman wants from this partnership … let’s not quibble over peanuts.”While he had partnered with Zhao in a separate $5 million deal, Hunter Biden sought further funds through a deal with CEFC.The IRS investigator testified that Hunter in another message vowed to “put this to bed tonight … I can make $5 [million] in salary at any law firm in America.
The China venture would include a percentage stake of “10 held by H for the big guy,” who was identified by Hunter’s associates James Gilliar and Tony Bobulinski as Joe Biden.Ten days after the messages to Zhao in July, the deal went through in a series of payments made to Hunter’s law firm, according toOn Aug. 4, 2017, CEFC Infrastructure Investment paid Owasco P.C. $100,000.375, which was immediately flagged as potential criminal financial activity.
The Senate report and Washington Post independently confirmed that $4.8 million from the deal eventually made its way to Hunter Biden’s Owasco account.Hunter’s references to the chairman point to CEFC’s Ye Jianming, whom Zhao said was “willing to cooperate with the [Biden] family” on the Chinese deal, according to Shapley’s testimony.
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