President Joe Biden claimed from the debate stage that his embattled son Hunter Biden “has not made money” from business deals with China — but an NBC News report published Thursday suggests that is not true, and that Hunter made millions between 2013 and 2018.
“My son has not made money in terms of this thing about — what are you talking about — China,” Biden insisted during a debate with former President Donald Trump, who repeatedly attempted to change the topic to Hunter’s alleged foreign business dealings.
Joe Biden in 2020 insisted Hunter “has not made money” from China.
Hunter actually made millions, starting when Joe was VP. Joe Biden lied. pic.twitter.com/nL03U21ysX
— Tommy Pigott (@TommyPigott) May 19, 2022
But NBC now says otherwise, based on a thorough review of Hunter Biden’s hard drive and iCloud account as well as a number of documents that were released by Republicans on two separate Senate committees exploring the issue.
“From 2013 through 2018 Hunter Biden and his company brought in about $11 million via his roles as an attorney and a board member with a Ukrainian firm accused of bribery and his work with a Chinese businessman now accused of fraud,” NBC reports, adding, “The documents and the analysis, which don’t show what he did to earn millions from his Chinese partners, raise questions about national security, business ethics and potential legal exposure.”
And while the report sheds some light on the ongoing federal investigation into Hunter Biden, it also reveals more details about the massive payouts he took from China — payouts that President Joe Biden denied ever happened.
In the space of five years (2013-2018), Biden inked two deals with Chinese business interests for a total of $5.8 million — which accounted for more than half of the $11 million he brought in during that time.
“Biden’s most lucrative business relationship was acting as a consultant in a project with a company that belongs to a once-powerful Chinese businessman who is now thought to be detained in his homeland,” NBC reported. “According to business records referred to in the Senate report, Hudson West III, a venture funded by the Chinese oil and natural gas company CEFC and its chairman, Ye Jianming, paid $4,790,375.25 to Owasco P.C. over about one year.”
Owasco P.C., according to filings in Washington, D.C., was controlled by Hunter Biden.
Ye Jianming was accused of “economic crimes” by Chinese prosecutors in 2018, and he has not been seen in public since he was arrested and taken for questioning on reported charges of fraud and bribery.
According to the documents, Hunter Biden also did some work for an associate of Ye Jianming named Patrick Ho — who served three years in a U.S. prison for attempting to bribe officials to the tune of $2 million. Owasco P.C. received a $1 million payment that was listed as “Dr Patrick Ho Chi Ping Representation.” Ho was deported from the U.S. after serving his time.