Court records from Hunter Biden’s imperiled plea deal with the Department of Justice (DOJ) divulge details on more than $2.6 million the first son received from China and affiliates of the Chinese Communist Party (CCP).
Earlier, the DOJ announced a plea agreement with Mr. Biden, President Joe Biden’s son, whereby he would plead guilty to two misdemeanor tax crimes and would have a felony gun charge diverted.
During a July 26 hearing on his plea deal with the DOJ, Mr. Hunter Biden admitted to having received money from the Chinese energy firm CEFC. In exhibit 1 of his plea agreement, prosecutors went more in-depth on transactions between the first son, Chinese companies, and CCP affiliates.
Income received from such sources is listed as at least $2.6 million in all, however the total is likely substantially higher due to the combined way some of his income was listed in the document. Mr. Hunter Biden’s total income from foreign companies between 2017 and 2018 is confirmed by the sworn statement to have totaled roughly $4.9 million, in addition to $1 million in legal services for a CCP-affiliated Chinese national.
Though past reporting had already divulged information about Mr. Hunter Biden’s business dealings in China, the document, signed by the younger Biden himself, means that he has now affirmed having received such income under penalty of perjury.
The exhibit attached to the plea agreement details how, despite lucrative streams of income from various sources, Mr. Hunter Biden failed to pay his income tax bill to the Internal Revenue Service (IRS) for years.
First, the report details that Mr. Hunter Biden in 2017 received “just under $1 million from a company he formed with the CEO of a Chinese business conglomerate.”
The income flowed to Hudson West, a company Mr. Hunter Biden founded with Chinese businessman Ye Jianming in 2017.
That income came from CEFC China Energy Co. Ltd. (CEFC), an energy company founded by Mr. Ye for which Mr. Hunter Biden provided consultation and legal assistance. Mr. Ye and his company reportedly have close ties with the Chinese communist regime and the People’s Liberation Army.
In a 2020 Senate report on CEFC (pdf), Sen. Chuck Grassley (R-Iowa) condemned CEFC as “an extension of the Chinese government … that … intended to alter U.S. policy and public opinion to its benefit.”
Mr. Grassley said the goal of CEFC was “[to] expand cooperation in the international energy economy and contribute to the national development.”
“The Chinese government would be the principal beneficiary of those actions,” Mr. Grassley wrote.
CEFC became China’s largest privately held oil company before it was caught in Beijing’s cross hairs in 2018. Mr. Ye was placed under investigation in February 2018 for “suspected economic crimes” and subsequently detained. Mr. Ye’s current whereabouts are unknown.
That same year, according to the court filings, Mr. Hunter Biden also received $1 million in legal fees from Patrick Ho, a former CCP government official who worked with CEFC. Mr. Ho was sentenced to three years in U.S. federal prison for crimes related to his activities at CEFC in 2019.
The court filings also show that Mr. Hunter Biden in 2017 received additional income of $664,000 from “a Chinese infrastructure investment company.” According to information listed in a September 2020 report by Mr. Grassley and Sen. Ron Johnson (R-Wis.), that company was likely CEFC Infrastructure Investment LLC, a CEFC subsidiary (pdf).
https://www.theepochtimes.com/mkt_app/us/court-records-show-hunter-biden-received-millions-from-china-ccp-affiliates-5448816