Former Vice President Joe Biden’s son Hunter Biden signed a billion-dollar deal with the Chinese government just 10 days after his father visited China on official business.
The bombshell is one of many revealed in new investigative book, Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends, which details how Hunter Biden signed the lucrative deal with a subsidiary of the Chinese government’s Bank of China 10 days after the Vice President flew to china in 2013.
Breitbart.com reports: According to an exclusive New York Post excerpt from the book, the Biden billion-dollar China deal occurred as follows. Hunter Biden was the principal of Rosemont Seneca Bohai.
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In December of 2013, Vice President Biden and his son Hunter flew aboard Air Force Two to China. Ten days after the trip, a subsidiary of the Bank of China named Bohai Capital signed an exclusive deal with Hunter Biden’s firm to form a $1 billion joint-investment fund called Bohai Harvest RST. The deal was later increased to $1.5 billion.
Joe Biden has yet to comment on how the firm of a sitting vice president’s son was permitted to bag a billion-dollar deal with the Communist Chinese government—nor whether they had any knowledge or involvement in the deal.
Secret Empires is slated to hit bookstores nationwide on Tuesday, March 20.