In response to reports that have surfaced over the last year stemming from records found on a laptop said to have been abandoned at a Delaware computer repair shop, many have speculated that President Joe Biden’s son Hunter has exploited his family name — and his father’s political status — to enrich himself with shady business deals involving foreign partners and investors.
Now, new emails are adding fuel to the fire. According to Breitbart, one message reportedly shows the younger Biden admitting that a deal he was offered by a Chinese businessman had “everything to do with my last name.”
It’s unclear if that deal ever came to fruition, but there is separate email evidence to show that Hunter Biden and the Chinese businessman, identified as Che Fung of Chinese investment firm Ever Union Capital, later engaged in other lucrative deals.
Exploiting the name
The newly revealed email was first reported by Chuck Ross of The Washington Free Beacon, and it came, like so many others, from the abandoned laptop that was later turned over to law enforcement.
The messages, which actually date from 2010 to 2011, expose discussions between Hunter Biden and business partner Devon Archer on a proposal from Che for a joint partnership and investment of $150 million in China’s sovereign wealth fund — an arrangement that Hunter acknowledged he was only offered because of his last name.
The emails are also said to show that Archer had signaled interest in the proposed deal as a “serious opportunity” to not only make money but also gain “leverage” and access with the “big boys” of Wall Street investment firms that were also seeking to do business with China.
Other business deals
The Free Beacon noted that the emails don’t show if that particular proposal was ever realized, but it does appear that Che and Hunter Biden worked together with another “close business partner” of Che named Jonathan Li, a Chinese investment banker who’d been introduced to then-Vice President Joe Biden by his son during a visit to Beijing in 2013.
Other previously uncovered emails are said to show that Hunter Biden, Archer, Li, and two other businessmen had formed Bohai Harvest Rosemont (BHR) Partners — in which Hunter still reportedly holds a 10% stake after vowing to divest in 2019 — that received a commitment from Che to invest $100 million in the partnership and obtain stakes the sovereign wealth fund, known as the China Investment Corporation, and other “high power” Chinese firms.
Though unrelated, it is worth noting that Che — the son-in-law of the former head of China’s central bank — was arrested in 2015 by Chinese authorities and charged with laundering $15 billion, according to reports.
Separately, Archer was reportedly indicted in 2016 for defrauding a Native American tribe with a $60 million bond scheme. Hunter Biden, for his part, is currently under federal investigation over his taxes.
The bottom line
Both President Biden and his son have repeatedly stated that there was nothing untoward in any of Hunter’s foreign business dealings, but these new reports aren’t helping their case.
In fact, the latest revelations only seem to bolster the conclusion reached in a 2020 report by Sens. Chuck Grassley (R-IA) and Ron Johnson (R-WI): Hunter’s foreign business ventures opened up his father and the rest of the Biden family to blackmail opportunities and “serious counterintelligence and extortion concerns.” Whether anyone close to the White House will face accountability in the wake of these allegations remains to be seen.