Hunter Biden was receiving a $10 million annual fee from a Chinese billionaire who has been accused of corruption and with whom he sought to increase the cash flow with a joint business ownership, an August 2017 email from Mr. Biden shows.
H/T: The Washington Times
The money was for “introductions alone,” said Mr. Biden, son of Democratic presidential nominee Joseph R. Biden. Another email to Hunter Biden from a consultant says that a 10% stake in an unnamed company will go to “the big guy?” The “big guy” was not identified.
Hunter Biden laid out his expectations for more money from Ye Jianming, chairman of the CEFC China Energy Co. conglomerate, in the August 2017 message.
“My understanding is that the original agreement with the Director was for consulting fees based on introductions alone a rate of $10 million per year for for three years guarantee total of $30 million,” Hunter Biden wrote to Mr. Gongwen. “The chairman [Mr. Ye] changed that deal after we me[t] in Miami TO A MUCH MORE LASTING AND LUCRATIVE ARRANGEMENT to create a holding company 50% percent owned by ME and 50% owned by him. Consulting fees is one piece of our income stream but the reason this proposal by the chairman was so much more interesting to me and my family is that we would also be partners in the equity and profits of the JV [joint venture].”
For good reason, the focus now seems to be on the content of these emails as they are methodically drip-released for public consumption. But likely what comes next is even worse: what goodies did our foreign adversaries get for the access they purchased?
Second batch of smoking gun emails reveal Hunter Biden's shady $30MILLION deal https://t.co/WxdIERp7Gn— Daily Mail US (@DailyMail) October 16, 2020
#HKcommies are white🧤for💰laundering & bribery for #CCP— Blueyocean (@Blueyocean1) October 16, 2020
In Apr 2018, CEFC‘s Creditors Committee of China Development Bank revealed the bribery details
Hu Huaibang became Ye Jianming’s cashier
Patrick Ho Chi-ping & Andrew Lo Cheung-on served as his down-line agent for bribery pic.twitter.com/W6K76diqFB
#CrookedJoeBiden https://t.co/XRhW84HoSN— Charles R. Smith🔹 (@softwarnet) October 15, 2020
Chinese company with Hunter on the payroll CEFC China Energy Co. was acquired by CITIC.
CITIC lists the Ministry of State Security, China’s main spy agency, and the military as among a long list of end users of its satellite capacity.