Eight days out from election day! The Crooked Joe revelations from Hunter’s laptop are coming so fast and heavy that I’m hard-pressed to corral them all! It’s this week’s BidenWatch!
“The Complete History Of Hunter Biden’s Crony-Connected Jobs.” There are a whole lot of them:
That the 50-year-old Hunter has been trading on his Democratic father’s political influence his entire adult life raises legal questions about possible influence-peddling, government watchdogs and former federal investigators say. In addition, the more than two-decades-long pattern of nepotism casts fresh doubt on Joe Biden’s recent statements that he “never discussed” business with his son, and that his activities posed “no conflicts of interest.”
Snip.
1996-1998: MBNA Corp.
Fresh out of college, credit-card giant MBNA put him on its payroll as “senior vice president” earning more than $100,000 a year, plus an undisclosed signing bonus. Delaware-based MBNA at the time was Biden’s largest donor and lobbying the Delaware senator for bankruptcy reforms that would make it harder for consumers to declare bankruptcy and write off credit-card debt.
Fresh out of college I was working retail sales jobs while sharing an apartment and writing in my spare time.
Besides a job for Hunter, bank executives and employees gave generously to Joe Biden’s campaigns – $214,000 total, federal records show – and one top executive even bought Biden’s Wilmington, Del., home for more than $200,000 above the market value, real estate records show. The exec paid top dollar – $1.2 million – for the old house even though it lacked central air conditioning. MBNA also flew Biden and his wife to events and covered their travel costs, disclosure forms show.
Sen. Biden eventually came through for MBNA by sponsoring and whipping votes in the Senate to pass the Bankruptcy Abuse Prevention Act.
When NBC News anchor Tom Brokaw asked Biden during the 2008 presidential campaign whether it was wrong “for someone like you in the middle of all this to have your son collecting money from this big credit-card company while you were on the (Senate) floor protecting its interests,” Biden gave an answer he would repeat many times in the future: “Absolutely not,” he snapped, arguing it was completely appropriate and that Hunter deserved the position and generous salary because he graduated from Yale.
Remember, people who graduated from Yale are automatically better than deplorables who graduated from a non-Ivy college, no matter how much cocaine they snort.
1998-2001: Commerce Department
Hunter also capitalized on the family name in 1998 when he joined President Clinton’s agency. In spite of having no experience in the dot-com industry, he was appointed “executive director of e-commerce policy coordination,” pulling down another six-figure salary plus bonuses.
He landed the job after his father’s longtime campaign manager and lawyer William Oldaker called then-Commerce Secretary William Daley, who’d also worked on Biden’s campaigns, and put in a good word for his son, according to public records.
2001-2009: Oldaker, Biden & Belair
After Republican President George W. Bush took over the Commerce Department, Hunter left the government and joined Oldaker to open a lobbying shop in Washington, just blocks from Congress, where he gained access to exclusive business and political deals.
Federal disclosure forms show Hunter Biden and his firm billed millions of dollars while lobbying on behalf of a host of hospitals and private colleges and universities, among other clients. In a 2006 disclosure statement submitted to the Senate, Hunter said his clients were “seeking federal appropriations dollars.”
Hunter won the contract to represent St. Joseph’s University from an old Biden family friend who worked in government relations at the university and proposed he solicit earmarks for one of its programs in Philadelphia. The friend, Robert Skomorucha, remarked in a press interview that Hunter had “a very strong last name that really paid off in terms of our lobbying efforts.”
“A really strong last name.” There’s the problem with the swamp in a nutshell.,
These clients, like MBNA, also favored bankruptcy reforms to make it harder for patients and students to discharge debt in bankruptcy filings. At the same time Hunter was operating as a Beltway lobbyist, he was receiving “consulting payments” from his old employer MBNA, which was still courting his father over the bankruptcy reforms.
In 2007, Hunter also dined with a private prison lobbyist who had business before a Senate Judiciary subcommittee Joe Biden chaired, according to published reports. Senate rules bar members or their staff from having contact with family members who are lobbyists seeking to influence legislation.
Hunter’s lawyer-lobbyist firm was embroiled in a conflict-of-interest controversy in 2006 when it was criticized for representing a lobbyist under investigation by the House ethics committee. The lobbyist was still taking payments from his old K street firm while working as a top aide on the House Appropriations Committee. Hunter at the time was lobbying that same committee for earmarks for his clients.
William Oldaker did not just make Hunter a rich lobbyist. Oldaker also secured a $1 million loan for him through a bank he co-founded, WashingtonFirst, that Hunter sought for an investment scheme, which later went sour.
Joe Biden deposited hundreds of thousands of dollars in campaign and political action committee donations at WashingtonFirst, while funneling hundreds of thousands in campaign and PAC expenditures to Oldaker, Biden & Belair. Joe Biden’s payments to Hunter’s lobbying firm, including more than $143,000 in 2007 alone, were listed as “legal services” in Federal Election Commission filings.
Oldaker did not respond to a request for comment left at his office.
But wait! Hunter had three other sinecures while working at Oldaker, Biden & Belair:
2003-2005: National Group LLP
While serving as a partner at Oldaker, Biden & Belair, Hunter also registered as a lobbyist for National Group, a lobbying-only subsidiary which shared offices with OB&B and specialized in targeted spending items inserted into legislation known as “earmarks.”
Hunter represented his father’s alma mater, the University of Delaware, and other Biden constituents and submitted requests to Biden’s office for earmarks benefiting these clients in appropriations bills.
2006-2007: Paradigm Companies LLC
In 2005, when Joe Biden was thinking about making another run at the White House, after a 1987 bid that ended in plagiarism charges, his lobbyist son was looking for a new line of work too.
In early 2006, Wall Street executive and Biden family friend Anthony Lotito said, Biden’s younger brother, Jim, phoned him on behalf of the senator. He said Biden wanted his youngest son – whom he still called “Honey” – to get out of the lobbying business to avoid allegations of conflicts of interest that might dog Biden’s presidential bid.
“Biden was concerned with the impact that Hunter’s lobbying activities might have on his expected campaign [and asked his brother to] seek Lotito’s assistance in finding employment for Hunter in a non-lobbying capacity,” according to a January 2007 complaint that Lotito filed in New York state court against Hunter over alleged breach of contract in a related venture. (Jim and Hunter Biden denied such a phone call took place as described.)
Lotito told the court he agreed to help Hunter as a favor to the senator, who had served on the powerful banking committee. He figured “the financial community might be a good starting place in which to seek out employment on Hunter’s behalf,” the court documents state. But he quickly found that Wall Street had “no interest” in hiring Biden.
So the Bidens hatched a scheme to buy a hedge fund, “whereby Hunter would then assume a senior executive position with the company.” And Lotito helped broker the deal. Despite having no Wall Street experience, Biden was appointed interim CEO and president of the Paradigm investment fund and given a $1.2 million salary, according to SEC filings. Lotito joined the enterprise as a partner, and agreed to shepherd Hunter, still in his mid-thirties, through his new role in high-finance.
“Given Hunter Biden’s inexperience in the securities industry,” the complaint states, it was agreed that Lotito would maintain an office at the new holding company’s New York headquarters “in order to assist Biden in discharging his duties as president.”
After the venture failed, Lotito sued the Bidens for fraud. The Bidens countersued and the two parties settled in 2008.
2006-2009: Amtrak
During this same period, Hunter was appointed vice chairman of the taxpayer-subsidized rail line, thanks to the sponsorship of powerful Democratic Sen. Harry Reid, a political ally of his father.
After that Rosemont Seneca Partners shows up, and we start to see the Hunter jobs BattleSwarm readers are already familiar with. Read the whole thing.
“Blockbuster Report Reveals How Biden Family Was Compromised By China“:
Hunter Biden is partnered with the Chinese state. Entire investment partnership is Chinese state money from social security fund to China Development Bank. It is actually a subsidiary of the Bank of China. This is not remotely anything less than a Chinese state funded play.
Though the entire size of the fund cannot be reconstructed, the Taiwanese cofounder who is now detained in China, reports it to be NOT $1-1.5 billion but $6.5 billion. This would make Hunters stake worth at a minimum at least $50 million if he was to sell it.
Disturbingly, everyone on the Chinese side are clearly linked with influence and intelligence organizations. China uses very innocuous sounding organization names to hide PLA, United Front, or Ministry of Foreign Affairs influence/intelligence operations. This report cannot say Hunter was the target of such an operation or that China even targeted him. However, based upon the clear pattern of individuals and organizations surrounding him it is an entirely reasonable conclusion.
Finally, the believed Godfather in arranging everything is a gentleman named Yang Jiechi. He is currently the CCP Director of Foreign Affairs leading strategist for America, Politburo member one of the most powerful men in China, and Xi confidant. Why does this matter?
He met regularly with Joe Biden during his stint as Chinese ambassador the US when Biden chaired the Senate Foreign Relations Committee. Later he was Minister of Foreign Affairs when the investment partnership was made official in 2013. Importantly, the Taiwanese national listed MOFA institutions as the key clients in helping to arrange everything. Yang would clearly have known the importance of Hunter Biden and undoubtedly would have been informed of any dealings. Given that he is now the point person in China for dealing with the US this raises major concerns about a Biden administration dealing impartially with an individual in this capacity. These are documented facts from Chinese corporate records like IPO prospectuses and media. They raise very valid concerns about Biden linkages to China.
Snip.
Joe Biden’s compromising partnership with the Communist Party of China runs via Yang Jiechi (CPC’s Central Foreign Affairs Commission). YANG met frequently with BIDEN during his tenure at the Chinese embassy in Washington.
Hunter Biden’s 2013 Bohai Harvest Rosemont investment partnership was set-up by Ministry of Foreign Affairs institutions who are tasked with garnering influence with foreign leaders during YANG’s tenure as Foreign Minister.
HUNTER has a direct line to the Politburo, according to SOURCE A, a senior finance professional in China.
Michael Lin, a Taiwanese national now detained in China, brokered the BHR partnership and partners with MOFA foreign influence organizations.
LIN is a POI for his work on behalf of China, as confirmed by SOURCE B and SOURCE C (at two separate national intelligence agencies).
BHR is a state managed operation. Leading shareholder in BHR is a Bank of China which lists BHR as a subsidiary and BHR’s partners are SOEs that funnel revenue/assets to BHR.
HUNTER continues to hold 10% in BHR. He visited China in 2010 and met with major Chinese government financial companies that would later back BHR.
HUNTER’s BHR stake (purchased for $400,000) is now likely be worth approx. $50 million (fees and capital appreciation based on BHR’s $6.5 billion AUM as stated by Michael Lin).
HUNTER also did business with Chinese tycoons linked with the Chinese military and against the interests of US national security.
BIDEN’s foreign policy stance towards China (formerly hawkish), turned positive despite China’s country’s rising geopolitical assertiveness.
Plus this handy chart:
Worth mentioning again: The Bidens even grifted off cancer research:
A few days before the 2016 presidential election, outgoing Vice President Joe Biden and his wife, Jill, announced the formation of the Biden Foundation. “The Biden Foundation is an educational foundation dedicated to exploring the ways that everyone—no matter their income level, race, gender, age, or sexuality—can expect to be treated with dignity and to receive a fair shot at achieving the American Dream,” read the nonprofit’s press release dated November 5, 2016.
In the span of several weeks, the nonprofit quickly was seeded with millions of dollars in donations. A year-end disclosure report for 2016 showed $3.4 million in contributions; the group spent a few hundred thousand on expenses but awarded no grants that first year.
The practice of spending most of its money on salaries and expenses while directing little or nothing toward the Biden Foundation’s stated mission followed a pattern. During its brief three-year history, the Biden Foundation raised nearly $10 million but less than ten percent was awarded to other charities—and half of that meager sum was donated to another Biden-run nonprofit.
Although the Biden Foundation pledged to focus on the couple’s pet projects, a very small portion of the Bidens’ largess directly benefited any of those causes. Instead, the charity appears to have funded the Bidens’ pre-primary campaigning for president—most of the charity’s activities involved public speeches by Joe and Jill—while reaching out to key constituencies such as military families and gay rights activists.
Snip.
But despite all the spin, the Biden Foundation only gave two grants totalling a little more than $400,000 to the YMCA that year. It would mark the nonprofit’s only direct donation to the initiative.
In fact, even though the Biden Foundation raised $3.2 million in 2018, it donated just $55,000 more to three other nonprofits. The Military Child Education Coalition, a charity based in Texas that assists the families of U.S. servicemen, received a paltry $20,000 from the fund.
Politically connected lawyers, however, fared much better. Perkins Coie, best known for acting as the pass-through between Fusion GPS and the Hillary Clinton campaign in 2016 to produce the infamous Steele dossier, was paid more than $230,000.
Aside from a handful of minor grants, the Biden Foundation made only one other major contribution in its three-year history; the charity donated $495,323 to the Biden Cancer Initiative, a separate nonprofit created in 2017, two years after Beau Biden died of brain cancer. In 2017 and 2018, the Biden Cancer Initiative raised another $4.8 million in donations; it did not award any grants. Instead, the nonprofit spent $3 million on the salaries and benefits of a four-person staff.
