While being President might not be the most financially rewarding job, apparently that doesn’t matter to Joe Biden, as a new book set to release explains how the Biden family has amassed a fortune of $31 million that came from business dealings with ties with Communist China. The book, “Red-Handed: How American Elites Get Rich Helping China Win,” was written by Peter Schweizer and details how Hunter Biden gained a partnership with the former Ministry of State Security chief in China and the head of foreign intelligence recruitment. This all took place while his father was Vice President.
Appearing on Mark Levin’s show to talk about the Biden family and his new book, Schweizer revealed how China used backroom deals to bring financial freedom to the Biden family. In exchange, the communist wanted the ability to sway Biden’s influence, which they called, “elite capturing.”
Writing in the book, Schweizer noted, “The hazard of a Chinese businessman with close ties to the top ranks of Beijing’s spy agency conducting financial transactions with the son of the U.S. vice president cannot be overstated. How this did not set off national security or ethics alarm bells in Washington is a wonder in itself.”
Linking the Biden family to the investment fund Bohai Harvest RST (BHR) and how Hunter was wired $5 million to his business Burnham from the chairman of Harvest Fund Management and Harvest Global Investments, Zhao Xuejun, Schweizer wrote, “There is no one more powerful in the world of Chinese intelligence. The seductive and lucrative deal that Hunter was now putting into place, creating BHR, involved two financiers with ties to the highest levels of Chinese intelligence, a billion-dollar private equity deal that we first exposed in Secret Empires. What we now know are the roles played by the spy-connected ‘Super Chairman’ and Zhao.”
The author added, “According to Michael Lin, another Chinese partner, Hunter’s role in the venture was pretty straightforward: ‘Open as many doors as possible in the western world for this very famous Bohai professional team.’ There was also the expectation that Hunter and his partners would ‘join some of the meetings in HK and China they arrange’ when communicating with possible financial partner.”
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of Red Voice Media. Contact us for guidelines on submitting your own commentary.