Hunter Biden’s $200,000 a Month Spending, Mysterious China Business Deals Highlighted in New Hard Drive Report
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New details about Hunter Biden’s foreign business deals have come to light in a Thursday NBC News report analyzing documents released by Senate Republicans, as well as data from the infamous hard drive obtained by Rudy Giuliani.
Per the report, Biden was spending $200,000 a month on expenses like “luxury hotel rooms, Porsche payments, dental work and cash withdrawals” between October of 2017 and February of 2018, despite very few of his business deals actually leading to anything practical. There is currently an investigation into his taxes in Delaware. The outstanding debt was reportedly paid off by Hollywood attorney Kevin Morris.
Of the $11 million Biden and his firm brought in between 2013 and 2018, approximately $5.8 million came from two deals with with “Chinese business interests,” though there is no explanation for what this money was actually for exactly – as few of Biden’s business deals were actually leading to anything at the time, per the data referenced in the report.
The majority of that $5.8 million came from a venture capital, Hudson West III, which had funding provided by Chinese oil company CEFC and its chairman, Ye Jianming, who has since been accused of fraud and bribery and has disappeared from the public eye in 2018. A spokesperson for the Chinese Embassy in Washington D.C. could not update NBC on the Jianming case, as they said they were unfamiliar with it.
The company Owasco P.C., controlled by Hunter Biden, was paid nearly $4.8 million, but data reviewed shows no deals actually coming to fruition. One deal highlighted was a potential gas deal in 2017, but nothing ever came of it. An attorney who worked on the deal, Britt Singletary, told NBC the deal was “too risky” for the president’s son.
Biden also did mysterious business with Patrick Ho, an associate of Jianming, who was convicted of money laundering crimes and bribing officials in 2014 in pursuit of oil deals in Uganda and Chad.
Data from the hard drive reportedly shows that Hudson West III paid Biden’s company $1 million in 2018, writing in the memo: “Dr Patrick Ho Chi Ping Representation.” There is no publicly available information confirming Biden was officially involved in Ho’s case though. There is also nothing in the data from the hard drive to suggest Biden was doing any sort of extensive advising on the case.
Biden’s past financial troubles and foreign business dealings have caused plenty of concern in the past, but he has claimed no deal of his was ever made to influence his father, now-President Joe Biden. The president’s son has also insisted the Delaware investigation into his taxes will clear him of any wrongdoing.
