In what was sure to be the first of many explosive follow-up stories tied with the trove of data gathered from Hunter Biden‘s abandoned laptop, the New York Post revealed that Hunter sought to reap profits more than 10 times as big as his controversial Burisma deal from a Chinese energy firm seeking access to the Obama administration.
Backing up earlier allegations made in a report by the Senate Homeland Security and Governmental Affairs Committee, the Post reported that Hunter also sought to bring other family members and business associates in on the deal with CEFC China Energy Co.
That likely included his father, current Democrat presidential candidate Joe Biden, possibly in violation of federal laws prohibiting public servants from profiting off foreign entities.
According to a May 13, 2017 email with the subject line “Expectations,” which was authored by James Gilliar of the international consulting firm J2cR, Hunter and his business associates planned to establish a separate company for their venture.
Gillar outlined “remuneration packages” that included the amount of “850” for a person identified as “Hunter.”
In addition, they discussed the division of equity shares in the company, which included 20 percent for “H.”
The initials listed in the payment amounts appeared to correspond with those of the four men included in the email.
Two other unidentified men not included in the email were mentioned: one going by the name “Jim” and the other being referred to as “the big guy.” These likely referred to Joe Biden and his brother James.
The plan was to reserve 10 percent of the profits for “the big guy,” although the funds were to be “held by H,” according to the email.
Joe Biden, was vice president at the time, which would have made him subject to restrictions under the Constitution’s emoluments clause and other laws governing ethical conflicts of interest.
The terms of the CEFC arrangement once again surfaced in an Aug. 2, 2017 exchange that referenced Ye Jianming, the company’s former chairman who has since vanished after being arrested by Chinese authorities.
The email, authored by “Robert Biden”—which is Hunter’s first name—said Ye sought to renegotiate the terms of a three-year consulting contract that initially had offered Hunter $10 million a year “for introductions alone.”
By comparison, Hunter received an estimated $1 million a year for his consulting services as a Burisma board member.
“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 owned by ME and 50% owned by him,” Hunter reportedly wrote.
He said that the new deal was more appealing to him and his “family” since it offered the prospect of an ongoing revenue stream.
“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 data also included a hand-drawn picture of a rudimentary flowchart for the proposed firm, Hudson West, which indicated that both stakeholders planned to funnel the profits through separate shell companies, with Hunter’s not yet named in the Aug. 1 chart.
His law firm, Owasco PC, was later named as one of the two owners of Hudson West, which has since been dissolved.
According to the recent Senate report, Hudson West opened a line of credit in September 2017 and issued credit cards to Hunter, as well as his uncle James and aunt Sara, allowing them to purchase more than $100,000 in “extravagant items” including travel and Apple products
Rudy Giuliani, the attorney for President Donald Trump who received the trove of data from a Delaware computer shop owner and later conveyed it to the Post, revealed a text-exchange involving members of the Biden family that offered further insights into their money-making operations, American Greatness reported.
“I love you all but I don’t receive any respect, and that’s fine, I guess,” the 50-year-old Hunter allegedly wrote in the text to his daughter Naomi. “Works for you, apparently. I hope you all can do what I did and pay for everything for this entire family for thirty years.”
The text chain also seemed to acknowledge that part of Hunter’s role in the family dealings was to hold Joe Biden’s cut of the money.
“It’s really hard, but don’t worry, unlike pop, I won’t make you give me half your salary,” he wrote.
Despite the damning implications of the evidence, left-wing media such as the Washington Post and social-media platforms including Twitter and Facebook were scrambling to suppress and discredit the information as of Thursday morning.
Biden campaign press secretary Jamal Brown claimed that the media blackout was proof that the allegations were false.
Biden press secretary @JTOBrown on @Twitter blocking @NYPost story on Hunter & Ukraine: “I think Twitter’s response to the actual article itself makes clear that these purported allegations are false.” So Biden campaign is saying censorship proves falsity.pic.twitter.com/XAJnfSx9dr
— JERRY DUNLEAVY (@JerryDunleavy) October 15, 2020