Posts Tagged ‘CEFC Infrastructure Investment’

Biden Family Corruption Update for April 7, 2022

Thursday, April 7th, 2022

Now that the Hunter Biden dam has finally burst for the MSM, we’re finally getting the “Hey, the Biden family sure seems to be involved in a lot of shady business deals” stories we should have gotten well before the 2020 election if the media weren’t so in the tank for Democrats.

A roundup:

  • Hunter and Joe aren’t the only crooked members of the Biden clan.

    While conservative heat has for three years focused on the past business activities of President Biden’s son Hunter, a key Senate Republican told CBS News this week that newly obtained banking records raise similar concerns about first brother James Biden.

    “We have people with the Biden name, dealing with Chinese business people that have a relationship to the Communist Party,” Senator Chuck Grassley, the ranking Republican on the Judiciary Committee, told CBS News senior investigative correspondent Catherine Herridge. “I think James Biden was very much a part of this.”

    Bank records released by Republican senators this week indicate James Biden’s company, the Lion Hall Group, received payments from a Chinese-financed consulting group in 2018, before his brother Joe announced he was running for president. Grassley says that same year James Biden and the president’s son, Hunter, received monthly retainers totaling $165,000 — $100,000 to Hunter and $65,000 to James.

    Grassley said his team obtained the records directly from the bank where the consulting group did business. He has spent three years investigating and described James and Hunter Biden’s business dealings as “very concerning.”

    Really, who of us hasn’t received $65,000 in monthly consulting fees from a communist Chinese company?

    In a September 2020 report with Senator Ron Johnson, Republican of Wisconsin, Grassley alleged Hunter, James, and James’s wife Sara tapped into a line of credit Hunter set up with a Chinese business executive to purchase more than $100,000 in airline tickets, hotels and restaurants.

    Newly released records from Republican investigators show what appears to be the 2017 application for that $99,000 line of credit bearing the signatures of Hunter Biden and the Chinese executive.

    Hunter gets a $99,000 expense account. Meanwhile, HR rejects your expense report for spending $26 on lunch.

  • “Joe Biden’s Released Tax Returns Don’t Explain Millions In Income. Where Did It Come From?”

    In the week prior to the presidential election, I wrote a piece that asked the question, “Where Is Hunter Biden’s Money?” It was an important question then, even more so now. Given the legacy media’s recent validation of Hunter’s laptop that discussed a slice of equity planned for the “Big Guy” in a deal that involved an entity controlled by the Chinese Communist Party (CCP), we should know if any money from it (or other foreign sources) ended up in Joe Biden’s pocket, but we don’t.

    Recall that despite then-presidential candidate Biden having bragged that he had released his tax returns with what his team called “a historic level of transparency,” the truth is that he only released his individual returns. Those returns provided no detail regarding the source of most of his income, dollars that flowed to him and his wife Jill by way of S-corporations they set up shortly after his departure from the office of vice president. Those entities, CelticCapri Corp (his) and Giacoppa Corp (hers), contained more than $13 million of the $17 million the couple had reported in income after Biden left office, most of it in the first year (2017).

    The same media that ignored Hunter’s laptop has shown a complete incuriosity about these entities, accepting the premise that Joe and Jill raked in $13 million from their book deal to generate their huge increase in income. We simply don’t know if that’s true, though. What we do know is that their book sales were dismal.

    Perhaps sensing smoke starting to build just before the election, USA Today published a “fact check” piece that attempted to support that the Bidens earned “$15.6 million … from speaking fees and book deals” in the years 2017 through 2019 and that “more than $10 million of that total income was profits from Biden’s memoir ‘Promise Me, Dad’ and $3 million in profits from Jill Biden’s book.”

    Follow the source link provided to that $10 million number, though, and you’ll end up at Joe Biden’s campaign website with financial disclosure links to only their individual returns — no S-corporation tax returns. So, in reality, readers were left with a smokescreen. (Now the financial disclosure links for 2016, 2017, and 2018 have even been changed to connect to a Democratic National Committee fundraising site via ActBlue rather than the tax documents.)

    I noted back in 2020 that, “While (Joe Biden’s) financial disclosures reasonably support the $2.7 million of net income reported by CelticCapri in 2018, a notable $8.7 million gap exists between its $9.5 million net income in 2017 and the $809,709 of disclosed income in that year from book tour and related speaking events. Since his disclosure covers only part of 2017, we lack the insight into other income that may explain it.”

    Enter (yet again) Hunter and China.

    Sens. Chuck Grassley, R-Iowa, and Ron Johnson, R-Wisc., recently showed proof of payments from what they said were CCP-controlled firms “that prove just how connected the Bidens were and how compromised President Biden probably is.” An August 2017 wire receipt showed $100,000 sent from CEFC Infrastructure Investment to Owasco, and a copy of a November 2017 check from CEFC Limited revealed $1 million paid to Hudson West III, LLC. Both recipient entities were tied to the president’s son.

    Did any of that money, or other overseas income, go to Joe or Jill? We would know if the president provided a copy of their S-Corp. tax returns with all partner K-1’s that flowed through them. But the only detail we have is aggregate numbers reported on the couple’s individual returns.

    Read on for how there’s no way he made that money off book sales. (Hat tip: Stephen Green at Instapundit.)

  • How many “concerning transactions” are there? Would you believe 150?

  • “Biden wrote college recommendation letter for son of Hunter’s Chinese business partner.”

    President Biden, in 2017, wrote a college recommendation letter for the son of a Chinese executive who did business with Hunter Biden, according to emails reviewed by Fox News Digital.

    The president has repeatedly denied discussing Hunter’s business ventures with his son.

    Fox News Digital obtained emails between Hunter Biden and his business associates involved in his firm Rosemont Seneca’s joint venture with Chinese investment firms Bohai Capital and BHR.

    Hunter held a 10% stake in BHR as recently as last year, the White House previously acknowledged. Hunter’s attorney told the New York Times in November that he had since divested.

    In an email dated Jan. 3, 2017, and sent to Hunter Biden and his business associates Devon Archer and Jim Bulger, CEO of BHR Jonathan Li writes:

    “Gentlmen[sic], please find the attached resume of my son, Chris Li. He is applying the following colleges for this year,” Li writes, listing Brown University, Cornell University, and New York University.

    Remember how Biden swore up and down he never interacted with Hunter’s business partners?

  • “The Media Campaign to Protect Joe Biden Passes the Point of Absurdity.”

    In confirming that federal prosecutors are treating as “authenticated” the Biden emails, the Times story applies the final dollop of clown makeup to Wolf Blitzer, Lesley Stahl, Christiane Amanpour, Brian Stelter, and countless other hapless media stooges, many starring in Matt Orfalea’s damning montage above (the Hunter half-laugh is classic, by the way). All cooperated with intelligence officials to dismiss a damaging story about Biden’s abandoned laptop and his dealings with the corrupt Ukrainian energy company Burisma as “Russian disinformation.” They tossed in terms thought up for them by spooks as if they were their own thoughts, using words like “obviously” and “classic” and “textbook” to describe “the playbook of Russian disinformation,” in what itself was and still is a wildly successful disinformation campaign, one begun well before the much-derided (and initially censored) New York Post exposé on the topic from October of 2020.

    Not to be petty, but — well, yes, let’s be petty, just a little, and point out that many of the people who were the most pompous about this story turned out to be the most wrong, including the conga line of Intercept editors and staffers who essentially knocked Glenn Greenwald all the way to Substack over the issue. There are more important things going on in the world, but for sheer bootlicking conformist excess and depraved journalist-on-journalist venom the “Russian disinformation” fiasco has no equal, and probably needs recording for posterity before it’s memory-holed via some creepy homage to Severance, or a next-gen algorithmic witch-hunt, or whatever other federally contracted monstrosities are being readied for deployment somewhere far up the anus of Silicon Valley. For comic relief, start with the Intercept.

    Much blow-by-blow analysis of Bursima and Ukrainian investigations snipped.

    Note all this took place before the New York Post ran its October, 2020 piece about the trove of Biden emails culled from the laptop, which included an ominous email from Pozharsky ostensibly thanking him for the “opportunity to meet your father.” It’s never been verified that this meeting actually took place, but what has absolutely been verified by now — not just by the Times but via the extensive digging done by Politico reporter Ben Schreckinger in his book The Bidens — is that the laptop is, in fact, Hunter Biden’s laptop, and the emails they contain are real.

    In a just world this would be career-altering news for the parade of media figures who spent months loudly insisting the opposite, cheered the unprecedented decisions by Facebook and Twitter to restrict access to the story, and repeated the Langley-driven fiction that it was a Russian smear. The fact that none of them are bothering to comment on any of this shows that the line between the intelligence community and commercial media has blurred to the point of meaninglessness. They know everyone knows they screwed this up and are long past pretending to care. This is like someone committed to a life in sweats who eats another piece of pie at night, because what difference will it ever make? That weight is never coming off anyway.

    I long thought the decision by Facebook and Twitter to block the Post just before an election was a bigger deal than the actual story, which to me was mislabeled “smoking gun” evidence of major corruption because almost none of the information in those emails had been confirmed then. After reading this latest Times piece, which among other things confirms that Joe Biden (if not the Burisma official) was present at the infamous “meeting” referenced in the original Pozharsky email, I’m not sure so sure.

  • The Hunter Biden laptop whistleblower says he has 450 GB of deleted material recovered from the laptop. “[Jack] Maxey says the data includes 80,000 images and videos, and more than 120,000 archived emails.”
  • “Secret Service paying over $30K per month for Malibu mansion to protect Hunter Biden.” Are cocaine and underage prostitutes the only things Hunter has to spend his own money on?
  • Except maybe fundraising…for his own father. “President Joe Biden’s chief of staff Ron Klain allegedly emailed Hunter Biden in 2012 to ask him for money for his father.” (Hat tip: Director Blue.)
  • If I’ve missed any important Biden corruption news, feel free to leave links in the comments.