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Hunter Biden appears to have sought some profitable deals with the largest private energy conglomerate in China, including one which he described as being “interesting for me and my family,” according to emails that were obtained by the New York Post.
A May 13, 2017, email with the subject line “Expectations” that was sent to Biden contained specifics regarding “remuneration packages” for a half-dozen individuals who were involved in a business deal that was not specified.
The former vice president’s son was identified as “Chair/Vice Chair depending on agreement with CEFC,” which could be a reference to CEFC China Energy Co., formerly based in Shanghai, the Post reported.
The email indicated that Hunter’s pay was to be “850,” while noting further, “Hunter has some office expectation he will elaborate,” the outlet said.
“In addition, the email outlined a ‘provisional agreement’ under which 80 percent of the ‘equity,’ or shares in the new company, would be split equally among four people whose initials correspond to the sender and three recipients, with ‘H’ apparently referring to Biden,” the Post reported, citing the emails.
In addition, the deal listed “10 Jim” and “10 held by H for the big guy?” — though neither Jim or ‘the big guy’ were further identified or explained.
James Gilliar, with the international consulting firm J2cR and the email’s author, noted further, “I am happy to raise any detail with Zang if there is [sic] shortfalls ?”
The Post suggested that “Zang” is likely a reference to the former executive director of CEFC China, Zang Jian Jun.
The email was obtained as part of a trove of other materials retrieved from the hard drive of a MacBook Pro laptop left at a repair shop in Delaware in April 2019 and never retrieved.
Among them were emails indicating that Hunter Biden introduced his then-vice president father, Joe Biden — now the Democratic presidential nominee — to a principal executive at Ukrainian energy company Burisma less than a year before the VP pressed government officials in Kyiv to terminate a top prosecutor who was investigating the firm for corruption at a time when Hunter Biden was a board member.
The emails detail a previously unrevealed meeting between the elder Biden and Vadym Pozharskyi, an adviser to Burisma’s board of directors.
Previously, Joe Biden told a Fox News reporter that he never discussed his son’s foreign business dealings, a statement at odds with the emails obtained by the Post.
For its part, the Biden campaign has denied the New York Post report, claiming the former VP never met with his son and any Ukrainian executives from Burisma.
“[W]e have reviewed Joe Biden’s official schedules from the time and no meeting, as alleged by the New York Post, ever took place,” Biden campaign spokesman Andrew Bates told Politico.
Fox News reported that the contents of the laptop’s hard drive are currently under review by the Senate Homeland Security Committee. Photos allegedly from the computer’s hard drive showing Hunter Biden were also published by the New York Post.
The FBI took possession of the laptop and its hard drive; a copy of the hard drive was made by the shop owner was shared with the Post this week by Trump lawyer Rudy Giuliani.
Another email that was sent by Hunter Biden as part of an Aug. 2, 2017, chain involved Ye Jianming, the since-vanished chairman of CEFC, “for half-ownership of a holding company that was expected to provide Biden with more than $10 million a year,” the Post reported.
Ye reportedly had ties to the Chinese military and intelligence apparatus. He was reportedly taken into custody by Chinese authorities in 2018 and hasn’t been seen since. The conglomerate went bankrupt earlier this year, the Post added.
Biden noted in the email chain that Ye had made a three-year consulting deal more lucrative, paying him $10 million a year “for introductions alone.”
“The chairman changed that deal after we me[t] in MIAMI TO A MUCH MORE LASTING AND LUCRATIVE ARRANGEMENT to create a holding company 50% percent [sic] owned by ME and 50% owned by him,” Biden wrote.
“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 inn [sic] the equity and profits of the JV’s [joint venture’s] investments,” the VP’s son noted further.
An Aug. 1, 2017 photo retrieved from the laptop shows a hand-drawn flowchart of the ownership of an entity called “Hudson West,” indicating a 50-50 split between two other entities that would fall under Hunter Biden’s control and someone else identified as “Chairman.”
A report released last month by Sens. Ron Johnson (R-Wis.) and Charles Grassley (R-Iowa) provided details of Hunter Biden’s overseas business dealings, noting that a company called Hudson West III opened a line of credit in September 2017.
There were a number of credit cards issued against the account used by Hunter along with James Biden, an uncle, and James’ wife Sara Biden to buy more than $100,000 “worth of extravagant items, including airline tickets and multiple items at Apple Inc. stores, pharmacies, hotels and restaurants,” the report said.
The company has since been dissolved. Hunter Biden’s law firm, Owasco PC, was one of two owners.
The Johnson-Grassley investigation also found that Ye’s company sent $100,000 to Hunter Biden’s firm.
Hunter Biden sent his email to Gongwen Dong, who was identified in the Senate report as having engaged in another transition of $100,000 to open a line of credit for Hunter, James, and Sara Biden.
The transactions were flagged by banks as “potential criminal financial activity,” the report added.
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