BREAKING: Chinese Company Allegedly Wired $5 Mil. To Delaware LLC Who Then Sent $4.8 Mil. to Hunter Biden
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According to a new email provided by Senate investigators, Hunter Biden allegedly ended up with $4.8 million which made it's way to him through a series of loopholes.
The damning Senate report alleges that an email shows the Chinese company CEFC proposing an "interest-free" loan to the Biden family "based on their trust on [Biden] family[.]"
"Should CEFC keep lending more to the family?" the email says.
Co-founder of The Federalist Sean Davis explains that Just two weeks later "on August 8, 2017, $5 million was wired from a CEFC-affiliated investment vehicle to a Delaware LLC, which spent the next year transferring nearly $4.8 million directly to Hunter Biden's firm, according to Senate investigators."
The report alleges: "On Aug. 4, 2017, CEFC Infrastructure Investment (US) LLC, a subsidiary of Ye Jianming’s CEFC China Energy Company that listed Gongwen Dong as its director, sent Hunter Biden’s law firm, Owasco, a payment for $100,000.375 This transaction was identified for potential criminal financial activity. 376 One of the investment entities of CEFC Infrastructure Investment is reportedly Shanghai Huaxin Group, a Chinese state-owned enterprise “engaged in petroleum products.”377 That company is owned by CEFC Shanghai International Group Ltd., which is controlled by Shanghai Guosheng Group, another state-owned enterprise.378 According to reporting, CEFC Shanghai was a CEFC subsidiary linked to the aforementioned corruption allegations involving the head of the China Development Bank.379 These examples further illustrate the deep financial connections between Biden, Owasco, and the Chinese government."
It continues: "On Aug. 8, 2017, CEFC Infrastructure Investment wired $5 million to the bank account for Hudson West III.380 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.381 It is unclear whether Hunter Biden was half-owner of Hudson West III at that time. However, starting on Aug. 8, the same day the $5 million was received, and continuing through Sept. 25, 2018, Hudson West III sent frequent payments to Owasco, Hunter Biden’s firm. 382 These payments, which were described as consulting fees, reached $4,790,375.25 in just over a year."
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