Biden Extortion Scheme

The Money Trail

“It all began with a shakedown in the summer of 2017, when Hunter Biden sent a message to his CEFC associate demanding a $10 million capital payment.”

The $40,000 money trail began on July 30, 2017, when Hunter Biden demanded a $10 million payment from CEFC China Energy Co. associate Raymond Zhao. CEFC had close ties to the Chinese Communist Party. The Bidens launched their working relationship with CEFC when Joe Biden was vice president.

The laundered money trail took six steps, the Oversight Committee said:

• July 30, 2017: Hunter Biden put pressure on Zhao for a $10 million payment using the influence of Joe Biden, who was “sitting” in the room, according to a screenshot of a WhatsApp message from an IRS whistleblower in June.

• August 8, 2017: Hunter-Biden-linked bank accounts received about $5 million in payments from Zhao within ten days of the text, using proximity to Joe Biden as a cudgel. (Northern International Capital, a Chinese company affiliated with CEFC, sent $5 million to Hudson West III, a joint venture established by Hunter Biden and CEFC associate Gongwen Dong.)

• August 8, 2017: On the same day, $400,000 was wired to Owasco, P.C. from Hudson West III, another entity controlled by the president’s son.

• August 14, 2017: Hunter Biden then wired $150,000 to Lion Hall Group, an entity owned by Joe Biden’s brother, James Biden, and his wife, Sara Biden.

• August 28, 2017: Sara Biden withdrew $50,000 in cash from Lion Hall Group. On the same day, Sara Biden deposited $50,000 into her shared personal checking account with James Biden.

• September 3, 2017: Sara Biden wrote Joe Biden a check for $40,000 for a “loan repayment,” a method Republicans say is used to launder money.

Read about the entire corruption