While his father was still vice president, Hunter Biden and his business partners tried unsuccessfully to help a Chinese energy firm acquire one of the United States’ premier nuclear technology companies in a secret attempt to “control” the global market, according to new evidence turned over to Congress in President Joe Biden’s impeachment inquiry.
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There are red flags aplenty: Loan repayments between Joe Biden and his brother; millions in promissory notes between Hunter Biden and a Democrat-donating Hollywood lawyer; and debt deals from Ukraine to China.
As the House impeachment inquiry heats up, investigators are increasingly focused on a trail of red ink that has become a recurring theme in evidence chronicling the first family’s finances.
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Hunter Biden received a $250,000 loan from a Chinese businessman just three months after his father launched his 2020 presidential campaign, and he later transferred the debt to a Hollywood lawyer he befriended, according to evidence gathered by federal and congressional investigators.
The House Oversight Committee first disclosed a few weeks ago that Hunter Biden had gotten a $250,000 wire in July 2019 and used his father’s address in Delaware for the transfer. It was one of the later known foreign payments that Hunter Biden received before he fell on hard times.
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A key presidential election battleground state of Michigan is also ground zero for a Chinese company’s acquisition of an automotive manufacturer with direct involvement by one of Hunter Biden’s businesses.
The transaction gave Chinese companies direct control of technology with possible military applications and, therefore, has national security implications.
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