Rep. Mary Miller (R-IL) said that China is “exploiting” President Joe Biden’s “weakness” with the spy balloon hovering over America and declared that the United States’s “national security must not be compromised by Biden family payoffs.”
Miller’s comments came in a tweet Friday morning as the Pentagon says the espionage device is expected to linger in United States airspace for a “few days,” as Breitbart News reported. The Congresswoman also called for the House of Representatives to “investigate why China is confident Biden will not respond to their hostile actions.”
Tom Fitton, president of government watchdog group Judicial Watch, shared a similar thought to Miller’s, asserting Friday that the Biden Family’s “corruption dealings” help to “explain why Biden is allowing in plain sight brazen violation of our sovereignty and attack on our national security by Chinese spy balloon.”
As President of the Government Accountability Institute and Breitbart News Senior Contributor Peter Schweizer documented in depth in his book, Red-Handed: How American Elites Get Rich Helping China Win, the Biden Family has scored tens of millions of dollars through lucrative business deals with individuals tied to the top echelons of the Chinese Communist Party (CCP).
The deals in which Hunter Biden was directly involved were conducted during and after President Joe Biden’s time as vice president, scoring the Biden family $31 million, according to Schweizer, who has emphasized this indicates a national security risk rather than the mere usual corruption or cronyism often documented in Washington, DC.
A key theme throughout Schweizer’s book is the espionage concept of “elite capture,” a way “to essentially buy off members of a country’s leadership.”
During an appearance on Fox News Channel’s Tucker Carlson Tonight following the book’s release, Schweizer explained the CCP’s perspective on the “elite capture” strategy to keep America docile:
… the theory is pretty simple, “You know, the United States is our rival, even our enemy, instead of going head to head with it, why don’t we just kind of pay off certain elements of the leadership. If we can capture them with sweetheart deals, with other benefits, we can effectively lobotomize the United States by making them unresponsive to our threat.”
As Breitbart News’s Emma-Jo Morris noted last year:
Schweizer explains that Beijing saw a financial relationship with the Bidens as an opening for “elite capture,” which allowed Hunter Biden to secure meetings and score major deals with people in the highest levels of Chinese financial institutions and the Chinese Communist Party — and in return they would be able to leverage the Bidens’ power for their interests.
One of the central early players in the Bidens’ Chinese deals is a tycoon by the name of Che Feng, or “The Super Chairman,” as Hunter and his partners referred to him.
Che, the son of a PLA soldier, has been described in Western media as “a shadowy and discreet investor,” whose father-in-law was the governor of the People’s Bank of China, and whose business partner was the Vice Minister of State Security, a man by the name of Ma Jian. Schweizer writes that Ma was reportedly the director of the ministry’s No. 8 Bureau, overseeing North American operations targeting foreigners with its counterintelligence apparatus.
The Super Chairman was meant to “fuse Chinese financial might to those with access to the highest levels of power in the Western world,” which led to the creation of Bohai Harvest RST (BHR), “funded by China’s biggest government-backed financial institutions,” with the Biden scion and his American partners.
Though Ma Jian and Feng were arrested on money laundering charges, ultimately pushing them out of the BHR deal, Feng played a key role in helping Hunter Biden establish connections to other players cozy with the CCP.
It was through Feng that Hunter Biden met Zhao Xuejun – who established the Harvest Management Fund and was a co-founder of Harvest Global Investments. His fellow Harvest Global Investments co-founder, Jia Liqing, is the daughter of former Security State Minister Jia Chunwang, as Schweizer noted. He quotes from the book Chinese Spies: From Chairman Mao to Xi Jinping by Robert Falligut, who wrote that the Security state is “in charge of secret service, espionage, and domestic and overseas intelligence work,” and Schweizer asserted about Jia Chunwang, “[t]here 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.
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 partners.
As Schweizer noted, the final negotiations of the deal were conducted in the Spring of 2013, and though Hunter has claimed he was not present for talks, Secret Service travel records indicated that he traveled to Beijing between June 13-15, 2013. Months later, in December, he was flying to Beijing on Air Force Two with then-Vice President Biden, who was in China to meet with state officials. Per Red-Handed, it’s unclear what Hunter was doing during the winter trip.
“Ten days later, the BHR company was registered in Beijing,” Schweizer wrote in Red-Handed.
Eventually, the firm began “buying or investing in strategically important companies in China and the United States,” according to Schweizer, who also authored the best-seller Clinton Cash.
A company called China General Nuclear Power Corporation (CGN), later discovered by the Federal Bureau of Investigation to be a vehicle for nuclear espionage, became one of BHR’s early investments. The Department of Justice charged the company and one of its engineers, Allen Ho, “with stealing nuclear secrets from the United States.”
Citing court documents, Schweizer noted that Harvest Global Investments appeared to wire $5 million to Burnham, another Hunter Biden business, and combined with the BHR deal, the Biden family had received some $25 million, according to Red-Handed.
As time went on, Hunter was also introduced to a man named Ye Jiemaing (Jainming), a young business tycoon who was the founder and the then-chairman of CEFC China Energy. Hunter and Ye, the elite of the China elite, grew so close that Hunter texted his ex-business partner Tony Bobulinski informing him that they signed “an attorney client engagement letter” in the United States, with Hunter serving as his “personal counsel.” Hunter also aided in efforts to advance the company’s scope on the global stage with “vast energy holdings” in “Oman, Romania, Columbia, and Luxembourg,” Schweizer reported.
Like Biden’s other Chinese business associates, Ye has connections to the CCP, according to Schweizer:
CEFC was housed in a complex in Shanghai’s French Concession section, an area “primarily controlled by China’s military.” One of Ye’s early business partners was the granddaughter of “one of the founders of China’s military,” Marshal Ye Jianying.
The corporate logo of the company Hunter Biden was now advising, and which would pay him millions, features a star. According to company records on its English website, it represents ‘civil rights.’ However, on the company’s Chinese-language site, the star signifies that ‘this organization will play a strong and powerful role for the interests of the Chinese state and nation.
Additionally, the CEFC supplied the People’s Liberation Army with oil and “saw itself as playing a central role in advancing China’s Belt and Road Initiative.”
It was through Ye that Hunter Biden met Gongwen Dong, who worked as the chairman’s “emissary” and was the then-chief financial officer of Lam Ting Keung’s Radiance Property Holdings, based in Beijing. Keung has “deep connections to ‘united front’ groups linked to Chinese intelligence” and “is also a member of the Chinese People’s Political Consultative Conference, a high-ranking Communist party advisory body,” Schweizer emphasized.
“Hunter would set up two entities with Ye, Hudson West IV and SinoHawk, to allow the Chairman to invest in U.S. infrastructure,” Breitbart News’s Morris noted. “In total, the Biden family received some $6 million from Ye’s companies.”
As part of a CEFC deal, Hunter Biden “was going to receive” a 20 percent equity stake and an $850,000 salary, which he reportedly griped was not enough, per Red-Handed. He “was to hold another 10 percent of the equity for ‘The Big Guy,’” who Schweizer identified as Joe Biden, citing a correspondence.
During a Newsmax appearance last year, Schweizer said, “Each and every one of those businessmen has direct ties to the highest levels of Chinese intelligence, meaning they’re business partners with the vice minister for State Security or they’re business partners with family members of the minister of State Security.”
It’s shocking to me that other media outlets, mainstream media, is not pursuing this story because it’s not a story of corruption anymore or cronyism — it’s of national security. And I think it raises questions — very serious questions — about the fact that the Biden family may be compromised.
Additionally, Red Handed reveals donations from communist China to the University of Pennsylvania nearly tripled after the university announced the launch of the Biden Center in February 2017. Notably, the Penn Biden Center is where some of the classified documents from Biden’s time as Vice President were recently found.
“In the three years before the announcement, the university received around $15 million. In the three years after, the total was close to $40 million. The latter number is $60 million from China if you include contracts,” Schweizer writes in Red-Handed.
Schweizer notes that Tony Blinken worked as the Penn Biden Center’s managing director for a period “before heading off to work on the presidential campaign in 2019.”
Now, Blinken is Biden’s secretary of state, “a role in which he was famously ambushed and curb-stomped by Chinese diplomats during his first bilateral conference with them in March,” Breitbart News’s John Hayward pointed out.
Additionally, Blinken has done nothing about China’s refusal to take back their illegal aliens who arrive at the southern border.
Editor’s Note: A previous version of this article stated that Hunter Biden had been compensated for a deal with CEFC and that he was holding ten percent equity for the “Big Guy.” This story has been updated to reflect that Hunter Biden “was going to receive” compensation and that he “was to hold another 10 percent of the equity for ‘The Big Guy,’” as Schweizer wrote.