The American People Need To Know What Joe Biden Knows About His Family’s Profits From China

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By Ben Weingarten

Given the grave threat posed by the Chinese Communist Party (CCP), especially near an election and in an era in which fears of foreign influence are at an all-time high, one might think revelations about the family of Democratic nominee Joe Biden cashing in on Communist China while he was vice president might be a “big [expletive] deal,” in the cellar-dwelling candidate’s words.

Yet the media and political class have completely blacked out these newly released facts. This was on display during the first presidential debate when Biden and moderator Chris Wallace called a “lid” on it.

Biden Family Secrets Exposed

The joint Senate Homeland Security and Governmental Affairs and Finance Committee report on Hunter Biden’s business dealings with foreign powers, and their relation to U.S. government policy during the Obama-Biden administration, states the following:

Hunter Biden has extensive connections to Chinese businesses and Chinese foreign nationals that are linked to the Communist government. Those contacts bore financial fruit when his father was vice president and after he left office.

These ties went beyond the former vice president’s son. The report adds: “The records acquired by the Committees show consistent, significant and extensive financial connections among and between Hunter Biden, James Biden, Sara Biden … and Chinese nationals connected to the Communist regime and PLA as well as other foreign nationals with questionable backgrounds.”

The joint investigation details a stunning array of transactions that “paint a mosaic of the complex corporate structure that existed between entities linked to Hunter Biden, his associates, and his family and Chinese companies linked to the Communist government.” Many of the transactions were flagged for “potential financial criminal activity.” Such activity enriched Hunter Biden to the tune of millions of dollars.

As vice president of the United States, Joe Biden had an absolute obligation to know what his family members were up to, disclose it, and end it. This is not just because of the potential for corruption, but the myriad ways his family’s acts could imperil American national security. Indeed, as the report concludes, the dealings between the Biden family and China don’t merely “raise conflicts of interest concerns, they raise criminal financial, counterintelligence and extortion concerns.”

A Free Pass from Democrats and the Media

The unseemly reality of Hunter Biden enriching himself through positions for which he appears to lack any qualification other than his family name is the least of the issues here. Far more significant is that the loved ones of a high-ranking politician had deep financial interests with foreign adversaries, presenting a nightmare scenario in terms of the potential for exploitation.

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Something Liberals and Democrats tried to hide

During one of the many sharp exchanges at last week’s presidential debate, Joe Biden flat out denied his son Hunter had any business relationship with the Russian oligarch Yelena Baturina, the billionaire wife of the late Moscow mayor.

“Why is it, just out of curiosity, the mayor of Moscow’s wife gave your son three and a half million dollars?” President Trump asked during one flash point.

“That is not true,” Biden answered.

“Oh really, he didn’t get three and a half million?” Trump persisted a few second later.

“It’s totally discredited,” the former vice president snapped back. “Totally discredited.”

In fact, Biden’s answer directly conflicts with evidence that the U.S. Senate, the FBI and the U.S. Treasury Department have all gathered.

In their most recent investigative report on Ukraine corruption, the Senate Finance and Homeland Security committees disclosed that Suspicious Activity Reports (SAR) that the Treasury Department turned over to Senate investigators show a direct link between Hunter Biden and Baturina.

“Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the wife of the former mayor of Moscow,” the Senate report declared, identifying a firm that the younger Biden and his business partner Devon Archer had created in 2013 as the recipient of the 2014 payment.

“On Feb. 14, 2014, Baturina wired $3.5 million to a Rosemont Seneca Thornton LLC (Rosemont Seneca Thornton) bank account for a ‘Consultancy Agreement DD12.02.2014.'” the Senate report said. “Rosemont Seneca Thornton is an investment firm co-founded by Hunter Biden that was incorporated on May 28, 2013 in Wilmington, Del. According to The Financial Times, Rosemont Seneca Thornton is a consortium that consists of Rosemont Seneca Partners and the Thornton Group, a Massachusetts-based firm.”

HSGAC_Finance_Report_FINAL.pdf

The consulting payment was not only flagged because of its source. Its timing was also suspicious for its proximity to unfolding events in Eastern Europe.

The payment was made four days before the Maidan revolution successfully ousted Viktor Yanukovych, Ukraine’s Russian-friendly president, and less than two weeks before Vladimir Putin sent Russian forces to invade Ukraine’s Crimea region and annex it.

The Treasury reports showed 11 more transactions flowing from Baturina to entities tied to Hunter Biden in 2015.

“Between May 6, 2015 and Dec. 8, 2015, Baturina sent 11 wires in the amount of $391,968.21 to a bank account belonging to BAK USA LLC. Nine of the 11 transactions, totaling $241,797.14 were sent from Baturina’s accounts to a Rosemont Seneca Thornton bank account, which then transferred the money to BAK USA,” the Senate report noted.

“The 11 transactions all listed ‘Loan Agreement’ in the payment details section,” it added. “BAK USA was a startup technology company headquartered in Buffalo, N.Y., that produced tablet computers in cooperation with unnamed Chinese business partners. BAK USA filed for bankruptcy on March 29, 2019, with a reported loss of $39 million.”

Treasury wasn’t the only federal agency to find evidence linking Hunter Biden and Baturina.

Board minutes obtained by the FBI in an unrelated 2017-18 investigation of Archer state that Archer told investors during a 2014 meeting that he had secured upwards of $200 million from Baturina’s real estate businesses in London.

“Mr. Archer further discussed the possible sale of his company and the revenues that might be realized, which he said would be a big liquidity event for him, as well as his connections with Bohai, which he said was sponsored by major banks and institutional investors in China,” according to the minutes.

“He also discussed his client relationship with Yelena Baturina, who he said had invested over $200 million dollars in his various investment funds,” the memo read. “Mr. Archer emphasized that he had ample funding, but that the investors wanted to be efficient.”

Baturina BIT Board meeting.pdf

Baturina’s office in London did not respond to an email request for comment, nor did lawyers for Hunter Biden or Archer.

Whatever the case, Joe Biden’s outright denial of a financial relationship between his son’s company and Baturina flies directly in the face of documentary evidence, which by the way was gathered by federal agencies during the Obama-Biden era.

https://justthenews.com/accountability/russia-and-ukraine-scandals/joe-biden-defense-his-sons-overseas-business-deals

What is unfortunate is there is a biased media that were the roles reversed, there would be extensive investigative reporting. But when it is a democrat it is hands off. The media is the enemy of the people.