Biden Family Business
Corruption, Cover Ups, and Million$ of Unanswered Questions
President-elect Joe Biden claims to be innocent of his family’s shady business dealings in his high powered name. New evidence, however, suggests that Amtrak Joe is taking the public for a ride.
Hunter Biden’s business deals just won’t go away. Like other members of President-elect Joe Biden’s family, Hunter knew how to leverage his connections to his father for financial gain through enormous deals with Chinese government-connected firms; the Russian mafia-connected ex-wife of the mayor of Moscow; and a suspicious energy company run by a Ukrainian oligarch.
The story starts in December 2013 when Air Force Two lands in Beijing, carrying then-Vice President Joe Biden to a series of meetings to discuss President Barack Obama’s so-called “Asia Pivot” and China’s aggressive moves in the South China Sea. Following Joe Biden down the airplane stairs came his son, Hunter. While Joe met with Chinese leader Xi Jinping, Hunter’s whereabouts during the trip were unknown and unreported. Yet, just ten days later, his small investment firm, Rosemont Seneca Partners, would announce an exclusive private equity deal worth $1 billion with the government-run Bank of China. That deal soon expanded into a $1.5 billion investment fund called “Bohai Harvest RST” to be run by Hunter Biden and his Rosemont Seneca partners.
It’s the sort of deal Goldman-Sachs, UBS, or Deutsche Bank would have crawled over broken glass to get. But they didn’t get it; it went, instead, to a small, boutique investment partnership that just happened to be run by the son of the sitting vice president of the United States. There were many more deals — in China, in Russia, Kazakhstan, and with a scandal-plagued Ukrainian energy company called Burisma.
I revealed most of this in the 2018 New York Times bestselling book, Secret Empires. The story made news but eventually faded away. Later that same year, the FBI quietly began its own investigation into Hunter Biden’s financial dealings. The story, and the many questions of corruption at the highest levels that it raised, have never faded for very long.
The extent of Joe Biden’s knowledge or involvement in his son’s business activities was re-introduced by his Democratic primary opponents as well as by President Donald Trump. In fact, Trump’s famous “phone call” in which he was recorded pressing the Ukrainian government to investigate Hunter Biden’s relationship with Burisma became the eventual focus of his impeachment by House Democrats and, later, acquittal in the Senate.
During the recent presidential campaign, the story once more returned to public attention when a computer repairman in Delaware, through former New York City mayor and Trump attorney Rudy Giuliani, gave New York Post reporters a copy of the hard drive from a MacBook computer he said belonged to Hunter Biden. The newspaper wrote several pre-election stories about its contents. Appearing so close to the election, the stories were actively denounced or ignored by much of the American mainstream media, including many of the same news outlets that four years earlier had no problem reporting on the completely fabricated “Steele Dossier” attacks on then-candidate Donald Trump.
Around this same time, a former partner of Hunter Biden’s named Tony Bobulinski also came forward to the New York Post on October 22nd to corroborate that the former vice president was a “willing and eager participant in a family scheme to make millions of dollars by partnering with a shady Chinese Communist firm.” When asked by reporters on the campaign trail, candidate Joe Biden denied any knowledge of his son’s business activities. Bobulinski called that “a blatant lie.”
Last week, Fox News reported that Hunter Biden asked his office landlord in 2017 for duplicate keys for his new “office mates” — Joe, Jill, and James Biden — for the Washington office he rented to share with Gongwen Dong. Hunter described Dong as an “emissary” for Chairman Ye Jianming — the chairman of CEFC Chinese Energy Co.
I was contacted by a former business partner of Hunter Biden, Bevan Cooney, who is currently in prison for his role in a fraudulent bond scheme. Cooney had read my book, Secret Empires, and trusted me enough to turn over his personal Gmail account to me and one other journalist. Not printouts or screenshots, but the actual login to the live account. My staff at the Government Accountability Institute and I have spent a great deal of time analyzing the information there, which contains Cooney’s copies of the same emails found by the New York Post on Hunter Biden’s MacBook, thus, independently confirming their authenticity. These emails provide a first-person account of some of the deal-making between Hunter Biden and Chinese and other foreign government players.
The U.S. Justice Department and now Hunter Biden, himself, have both recently confirmed publicly that a grand jury has been empaneled to investigate Hunter Biden’s “tax issues.” While this may sound minor, calling this a “tax investigation” is actually the camel’s nose under the tent for a much broader look into all of Hunter Biden’s international deals because tax investigations generate much more cooperation from foreign governments than a domestic case alleging corruption would.
After the New York Post revealed the contents of that MacBook hard drive in Delaware, the Federal Bureau of Investigation acknowledged that it held the original copy, which it got through a subpoena as part of its “money-laundering investigation” of Hunter Biden. But the vast, international scale of this and other disclosures is now clear to see. I laughed when Hunter claimed in an interview that he had “never received a penny from the Chinese.” The truth is that he received millions and millions of pennies, from the Chinese, and from a Russian mafia-tied millionaire named Yelena Baturina, and from Kazakhstan, and from Ukrainians, and I believe the FBI’s investigation and the grand jury will finally confirm it all.
It will also, I hope, finally answer some even more potent questions, such as:
What was Hunter Biden really being paid for? Why did Hunter’s partners speak in their email exchanges about the “Biden Lift” when pitching new clients on their firm’s services? Who was “the big guy” referenced in emails between the partners discussing how to allocate the profits from deals where his share would come out of Hunter’s stake? Why did then-Vice President Joe Biden, in early 2017 before leaving office, demand that the Ukrainian government fire the prosecutor who was looking into the corruption of Burisma, a scandal-plagued energy firm that paid Hunter $1 million to serve on its board of directors despite Hunter having no experience with Ukraine or the energy business?
My team at the Government Accountability Institute and I have been asking and living with these questions since we became curious in 2017. Maybe we will all get answers soon.
Peter Franz Schweizer is a leading American investigative journalist. His books consistently appear on the coveted New York Times bestseller list. The descendant of Swiss emigrants (his grandfather lived in Zurich until his death), Schweizer is the president of the Government Accountability Institute (GAI). The 56-year-old gained international recognition for his investigative book "Clinton Cash" about the shadowy financial entanglements of the Clinton Foundation with foreign governments and companies.