Marsha Blackburn on ‘Red-Handed’: ‘Communist China Loves Biden’
Republican Sen. Marsha Blackburn (TN) slammed President Joe Biden, stating he is loved by “Communist China” in light of shocking revelations from Peter Schweizer’s new book Red-Handed: How American Elites Get Rich Helping China Win.
Blackburn linked to a Breitbart News report on the revelation in Schweizer’s book that donations from communist China to the University of Pennsylvania almost tripled after the university announced the launch of the Biden Center in February of 2017.
“In the three years before the announcement, the university received around $15 million. In the three years after, the total was close to $40 million. The latter number is $60 million from China if you include contracts,” Schweizer writes in Red-Handed.
Breitbart News’s John Hayward reports:
Some of those donors were anonymous, but declared donors included the state-owned China Merchants Bank, and a company called Cathay Fortune owned by “a secretive Chinese billionaire who appears to have strong links with the Communist Party” named Yu Yong.
Cathay Fortune is especially interesting because it has a controlling interest in China Molybdenum, a mineral producer with Chinese military contracts that teamed up with Hunter Biden’s investment fund to invest in an African copper mine.
Schweizer notes that Tony Blinken worked as the Penn Biden Center’s managing director for a period “before heading off to work on the presidential campaign in 2019.”
Now, Blinken is Biden’s secretary of state, “a role in which he was famously ambushed and curb-stomped by Chinese diplomats during his first bilateral conference with them in March,” Hayward points out.
The book also exposes how the Biden family received a whopping $31 million from five deals in China with businessmen tied closely to Chinese intelligence, Breitbart News reported.
Breitbart News Politics Editor Emma-Jo Morris writes:
Multiple financiers with direct ties to Chinese intelligence partnered with Hunter Biden during and after his father’s time as Vice President — including the former head of the Ministry of State Security and the head of foreign intelligence recruitment — and some of those relationships remain intact…
Schweizer explains that Beijing saw a financial relationship with the Bidens as an opening for “elite capture,” which allowed Hunter Biden to secure meetings and score major deals with people in the highest levels of Chinese financial institutions and the Chinese Communist Party — and in return they would be able to leverage the Bidens’ power for their interests.
In yet another revelation from Red-Handed, it is brought to that a “Chinese global energy company linked to a Chinese intelligence operation sent close to $6 million to Hunter Biden in 2017,” Breitbart News’s Kristina Wong reports.
Wong reports:
The firm, now-defunct, was led by Ye Jianming, a wealthy and connected Chinese businessman who was chairman and majority owner of the global energy company, CEFC China Energy.
…
Furthermore, by July 2017, CEFC began making interest-free, forgivable loans to the Biden family. CEFC executive Zhao Running wrote that $5 million was intended as money lent to the BD family,” not just Hunter Biden.
“This $5 million loan to the BD [Biden] family is interest free,” Zhao wrote.
Schweizer notes that “interest-free loans provide tremendous leverage because the lender can demand its money back if it is displeased by any action.”
In August 2017, CEFC Infrastructure Investment LLC sent Hunter Biden’s law firm, Owasco, $100.000. Four days later, the firm wired $5 million to another entity controlled by Ye, which then started sending regular payment to Owasco. Biden then transferred $1.4 million of that money to a firm called Lion Hall Group, which was controlled by his uncle James Biden and his wife, Sara Biden.
Red-Handed: How American Elites Get Rich Helping China Win was released Tuesday, January 25, and has already claimed “the #1 bestseller spot on both Barnes & Noble and Amazon across all book categories and genres,” Breitbart News reports. Schweizer, the president of the Government Accountability Institute (GAI) and a senior contributor to Breitbart News, is also the bestselling author of Throw Them All Out, Clinton Cash, and Secret Empires.
Biden Family Planned to Share Office Space with Company Employing ‘F**king Spy Chief of China’
Hunter Biden planned to share his family’s office space in Washington, DC, with a Chinese intelligence-linked firm that employed a man Hunter described as “the f**king spy chief of China,” according to Peter Schweizer’s new bombshell book Red-Handed: How American Elites Get Rich Helping China Win.
According to the book, Hunter Biden planned in 2017 to set up an office in Washington that would house his businesses, his father’s Biden Foundation, and a representative of a Chinese global energy company he had cultivated close ties to, CEFC China Energy.
Hunter Biden had developed a close working relationship with CEFC’s Chairman and majority owner Ye Jianming beginning at the end of 2015 after associates put them in touch. Ye had a number of ties to Chinese military intelligence and his company provided energy to China’s People’s Liberation Army.
Despite those alarming links, Hunter became Ye’s personal counsel in the U.S., essentially becoming a representative for “an intelligence- and military-linked Chinese company that was supporting voices calling for an aggressive military posture against the United States and its allies,” according to the book.
Hunter Biden and his family were also involved in CEFC’s plans to invest in U.S. infrastructure through two entities — Hudson West IV and SinoHawk. In fact, Biden made it clear to Tony Bobulinski, a financial planner he brought in to help with the infrastructure efforts, that his family was integral to the effort.
After Hunter was unhappy with the payment package he was going to receive from the venture — an $850,000 salary and 20 percent equity stake, as well as 10 percent of the equity for “the Big Guy [Joe Biden]” — he wrote to Bobulinski that Ye and his company are “both coming to be MY partner and to be partners with the Biden.”
Hunter would then seek to fuse his family and CEFC further with the shared office in Washington.
“In 2017, he made plans to house his businesses, the Biden Foundation, one of his father’s offices, and CEFC together in an office space in Washington,” Schweizer writes, adding:
In an email for signage, Hunter said he had “new office mates: Joe Biden Jill Biden Jim Biden Gongwen Dong (Chairman Ye CEFC emissary),” and that, “I would like the office sign to reflect the following The Biden Foundation Hudson West (CEFC U.S.) The lease will remain under my company’s name Rosemont Seneca.”
Gongwen Dong, like Ye, had “notable ties to those embedded in Chinese intelligence and foreign influence operations,” Schweizer writes.
In addition to being CEFC’s emissary, Dong was also the chief financial officer at the Beijing-based Radiance Property Holdings, a firm controlled and run by Lam Ting Keung, a businessman with deep connections to “united front” groups linked to Chinese intelligence.
United front groups often serve as covers for Chinese intelligence operations, Schweizer notes. According to a 2018 U.S.-China Economic and Security Review Commission report, China uses the groups work to “co-opt and neutralize source of potential opposition to the policies and authority of its ruling Chinese Communist Party.”
Despite these links, Hunter Biden and Dong on September 8, 2017, were able to apply for secure a line of credit and add James Biden and his wife, Sara Biden, as authorized users for the credit cards on the account. James and Sara Biden then spent $100,000 on luxury items.
In addition to Ye and Dong, CEFC had another Chinese intelligence-linked man in the Bidens’ orbit — Patrick Ho, who Hunter Biden called “the f**king spy chief of China” in a leaked phone call.
Ho was one of Ye’s “top lieutenants” and a senior executive with China Energy Fund Committee, CEFC’s nonprofit think tank. Ho had also once been the home affairs secretary in Hong Kong and was also a “tireless advocate” for Chinese Communist Party Chairman Xi Jinping’s “signature venture” at the United Nations.
Shortly after plans were in place to put Dong in a shared office space with the Biden family, Ho was arrested in New York City on bribery charges by the FBI in November 2017.
Ho had reportedly offered money to African officials as part of an operation involving channelling illicit payments to UN diplomats.
One of Ho’s first phone calls from jail was to James Biden, looking for Hunter Biden. CEFC then hired Hunter Biden to provide legal representation in the case, despite his lack of a background in criminal defense law. CEFC paid a $1 million retainer to Biden’s LLC, Owasco. Ho pleaded guilty and went to jail.
However, before Ho went to jail, Hunter Biden was provided a Chinese assistant named JiaQi Bao. Her master’s degree from China’s Tsinghua University was financed by the Chinese government, and she worked for the Chinese government’s National Development and reform Commission, which is responsible for the management of China’s economy.
According to Schweizer, Bao offered Hunter Biden advice on “everything from energy deals to his father’s presidential campaign.” She also handled a “monthly wire instruction” concerning the transfer of financial payments.
When Hudson West folded, she told Hunter, “Whatever money from Hudson West, please take them, take as much as possible or figure out a way to spend them for your own benefit … just take it and keep as much as possible.”
Red-Handed was published by Harper-Collins. Schweizer is the president of the nonpartisan Government Accountability Institute (GAI) and a senior contributor to Breitbart News.
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