The Biden family bagged $5 million from the business partner of the “White Wolf,” a Chinese criminal gang leader who helped create the fentanyl pipeline now decimating the United States, Peter Schweizer detailed in his new book, Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans.
While Joe Biden was vice president, the Bidens developed a business partnership with a Chinese tycoon named Ye Jianming, the chairman of CEFC China Energy Co., which had strong ties to the Chinese Communist Party. Throughout Ye’s relationship with the Bidens, he “showered” some members of the Biden family with money, Schweizer reported. Hunter Biden received a three-carat diamond worth $80,000; and in July 2017, Ye’s company gave the Bidens a $5 million, interest-free, forgivable loan.
Schweizer previously detailed the $5 million in his book Red-Handed: How American Elites Get Rich Helping China Win, as reported by Kristina Wong:
Furthermore, by July 2017, CEFC began making interest-free, forgivable loans to the Biden family. CEFC executive Zhao Running wrote that $5 million was intended as money lent to “the BD family,” not just Hunter Biden.
“This $5 million loan to the BD [Biden] family is interest free,” Zhao wrote.
Schweizer notes that “interest-free loans provide tremendous leverage because the lender can demand its money back if it is displeased by any action.”
Hunter spoke to Ye on a “regular basis” and Ye helped Hunter “on a number of his personal issues” including unspecified “sensitive things,” Hunter explained in emails. Joe Biden also attended a meeting with Hunter, additional business partners, and Ye, Hunter’s business partner Rob Walker told U.S. House of Representative investigators in 2023. “I don’t remember the exact time, but I remember being in Washington, DC, and the former vice president stopped by. We were having lunch,” Walker testified.
But Ye also enjoyed a partnership with the former leader of a Chinese triad called the United Bamboo Gang (UBG), Schweizer detailed in...
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