Biden investment project funded Chinese company indicted for stealing US secrets: report
July 28, 2020
For globalists like the Biden family, there isn’t much profit in patriotism.
An equity firm tied to Joe Biden’s son, Hunter Biden, invested millions into a foreign nuclear company that was indicted for stealing American secrets at the behest of the Chinese Communist Party, according to a report.
Hunter Biden linked with Chinese spying
Hunter famously started a private equity venture with his college friends that later went into business with the Chinese government, a scandal widely publicized by author Peter Schweitzer.
While Hunter’s father was the U.S. vice president, Hunter’s firm, Rosemont Seneca Partners, became a partner in a new private equity firm called Bohai Harvest RST (BHR) with the state-owned Bank of China. Hunter became a director in BHR, which has invested some $2.5 billion in various projects, according to the Wall Street Journal.
Those ventures include a large 2014 investment in the IPO of China’s largest nuclear company, which is owned by the communists, called China General Nuclear Power Company (CGN). In 2016, CGN was accused by the United States government of conspiring with a Taiwanese-born American citizen, Allen Ho, to steal American secrets over a period of 20 years.
Ho, a Delaware resident, was sentenced to two years in prison in 2017 for conspiracy to “engage or participate in the development or production of special nuclear material in China, without specific authorization to do so from the U.S. Secretary of Energy, as required by law.”
His company, called Energy Technology International (ETI), was also charged in the conspiracy, and he sought help from American nuclear experts in the project.
Trump vs. the globalists
Spying operations like these have been a flashpoint in U.S.-China relations, as the coronavirus raises further questions about China’s mercenary behavior and the future of American power with respect to its rival.
President Trump has slammed Joe Biden for selling America out to Beijing for years, even as Biden tries desperately to reinvent himself as somehow tough on China. As a senator, Biden supported deals like NAFTA and China’s entry into the WTO, which made China stronger and sent millions of American jobs out of the country.
“He said China is ‘not a problem.’ No, nobody’s ripped us off more than China over the last 25, 30 years,” Trump said at a recent press conference. “Nobody close. And he says China is ‘not a problem.’ Now he takes it all back now. Now he wants to be Mr. Tough Guy.”
Who can be trusted more to handle China? That depends…which man’s son was caught doing business with the Chinese communist party?
Traitorous elites like the Bidens will sell Americans down the river in the blink of an eye. Trump needs to remind voters of that this election.