Posts Tagged ‘Henniges’

Hunter Biden Has Been A Very, Very Bad Boy

Thursday, September 24th, 2020

And, this time, I don’t mean the “got thrown out of the Navy for doing blow” or “got pegged by prostitutes” things.

No, this time it’s all about his and his father’s ties to corrupt Ukrainian and Chinese business deals, since the senate report on his dealings there came out yesterday. (That’s the official PDF, but here’s a more copy-and-paste-friendly version via The Federalist.)

On April 16, 2014, Vice President Biden met with his son’s business partner, Devon Archer, at the White House. Five days later, Vice President Biden visited Ukraine, and the media described him as the “public face of the administration’s handling of Ukraine.” The next day, April 22, Archer joined the board of Burisma. Six days later, British officials seized $23 million from the London bank accounts of Burisma’s owner, Mykoloa Zlochevsky. Fifteen days later on May 13, Hunter Biden joined the board of Burisma, with public reports showing Hunter and his firm being paid $50,000 to $166,000 per month (totaling more than $3 million over five years) for his and Archer’s board participation.

Let ye who has not taken $3 million for working for Ukrainian oligarchs cast the first stone.

Also, with a full name like “Mykola Vladislavovich Zlochevsky,” this Tom Lehrer song keeps coming to mind, since the scansion is so close:

Snip.

Moreover, this investigation has illustrated the extent to which officials within the Obama administration ignored the glaring warning signs when the vice president’s son joined the board of a company owned by a corrupt Ukrainian oligarch. And, as will be discussed in later sections, Hunter Biden was not the only Biden who cashed in on Joe Biden’s vice presidency. Former Acting Deputy Chief of Mission at the U.S. Embassy in Kyic (sic) George Kent and State Department official Amos Hochstein raised concerns.

From the conclusion:

The records acquired by the Committees show that Hunter Biden and his family were involved in a vast financial network that connected them to foreign nationals and foreign governments across the globe. Hunter Biden and Archer, in particular, formed significant and consistent financial relationships with the corrupt oligarch Mykola Zlochevsky during their time working for Burisma and their firms made millions of dollars from that association while Joe Biden was vice president and the public face of the Obama administration’s Ukraine policy. Rosemont Seneca Thornton, an investment firm co-founded by Hunter Biden, received $3.5 million in a wire transfer from Elena Baturina, who allegedly received illegal construction contracts from her husband, the former mayor of Moscow. Moreover, Archer’s apparent receipt of money for a car from Kenges Rakishev of Kazakhstan while Vice President Biden was in Kyiv is especially concerning in light of the timing. And finally, Biden and Archer’s work with Chinese nationals connected to the Communist regime illustrate the deep financial connections that accelerated while his father was vice president and continued after he left office.

Let he who has never received a $3.5 million wire transfer from the wife of the mayor of Moscow…

Also, you know that bit up top where I said that this Hunter Biden scandal didn’t involve prostitutes? Yeah. Well, turns out it does:

Records on file with the committee, the report says, “confirm that Hunter Biden sent thousands of dollars to individuals who have either: 1) been involved in transactions consistent with possible human trafficking; 2) an association with the adult entertainment industry; or 3) potential association with prostitution.”

The report continued, detailing that some transactions were Russian- and Ukrainian-linked to what “appears to be an Eastern European prostitution or human trafficking ring.”

Let ye who has never transferred money to an Eastern European sex trafficking ring…

A few more tidbits:

  • Hunter Biden opened a bank account with Gongwen Dong to fund a $100,000 global spending spree with James Biden and Sara Biden. [I am trying to verify that the Gongwen Dong mentioned is the same Gongwen Dong who is CFO at Radiance Property Holdings Ltd. in Beijing. – LP]
  • Hunter Biden had business associations with Ye Jianming, Gongwen Dong, and other Chinese nationals linked to the Communist government and the People’s Liberation Army. Those associations resulted in millions of dollars in cash flow. [I believe the Ye Jianming in question is the founder and former Chairman of CEFC China Energy Company Limited (an energy and finance conglomerate) who has been in detention in China since 2018 on charges of bribery. -LP]
  • Let ye who has never opened a six-figure family slush fund with Communist Chinese officials…

    In addition highlighting these corrupt practices, the report highlights how Obama Administration officials knew about them, knew they were a problem, and swept them under the rug, even when they involved transfer of American military technology to communist China:

    The Chairmen’s investigation into potential conflicts of interest began in August 2019, with Chairman Grassley’s letter to the Department of Treasury regarding potential conflicts of interest with respect to Obama administration policy relating to the Henniges transaction. During the Obama administration, the Committee on Foreign Investment in the United States (CFIUS) approved a transaction that gave control over Henniges, an American maker of anti-vibration technologies with military applications, to a Chinese government-owned aviation company and a China-based investment firm with established ties to the Chinese government. One of the companies involved in the Henniges transaction was a billion-dollar private investment fund called Bohai Harvest RST (BHR). BHR was formed in November 2013 by a merger between the Chinese-government-linked firm Bohai Capital and a company named Rosemont Seneca Partners. Rosemont Seneca was formed in 2009 by Hunter Biden, the son of then-Vice President Joe Biden, by Chris Heinz, the stepson of former Secretary of State John Kerry, and others.

    Evidently exporting American military technology to China was just a business opportunity to corrupt family members of high-ranking Obama Administration officials.

    If we had a truly independent press corps, reporters would ask Democratic presidential nominee Joe Biden about his son’s financial shenanigans at his very next press conference.

    I wouldn’t hold your breath…