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China Has the Goods on Joe, Dishes Biden Bank Records

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A Chinese bank this week supplied GOP lawmakers with records showing millions of dollars flowing from China to members of Joe Biden’s family including Hunter (his son) and James (his brother). The documents were provided by Cathay Bank to Senators Ron Johnson (R-WI) and Charles Grassley (R-IA) after several American banks refused to do so. 

“In my mind, it’s the Chinese government telling Joe Biden, ‘We got the goods on you, buddy, and we’re willing to dish it up,’” said Johnson. 

Cathy Bank is based in Chinatown, Los Angeles but has offices throughout China. It was founded by Chinese Americans in 1962. Bank spokesman Ian Campbell claimed the company has no relationship with the Chinese government, but lawmakers found it strange how quickly the bank provided the records.

“We just requested the records, and no questions asked; they just turned them over to us,” said Johnson, adding that Cathay’s willingness to comply with their request raised some concerns. “Let’s face it, the Communist Party control those types of institutions.” 

The Cathay records show: 

  • A $1 million wire transfer from CEFC China Energy (a now-defunct company backed by the CCP) to Hudson West III (a joint venture set up by Hunter Biden and a friend of CEFC founder Ye Jianming).
  • A $5 million wire transfer from Northern International Capital Holdings (an energy company associated with CEFC) to Hudson West III. 
  • Subsequent transfers to three companies owned by Hunter Biden and James Biden – with the former earning $100,000 per month (plus a $500,000 retainer fee) and the latter earning $65,000 per month. 
  • Exorbitant lines of credit used by Hunter Biden, James Biden, and James’s wife, Sara. 

The transactions took place around the time Joe Biden left the Obama White House and was being considered as a presidential candidate.

“This is $5 million from a company connected to Ye Jianming and CEFC and its affiliates, which are essentially arms of the communist regime,” argues Grassley. 

Grassley and Johnson sent the Cathay documents over to US Attorney David Weiss, a federal prosecutor leading an investigation into Hunter Biden’s tax filings, and encouraged him to “review them in detail.” 

President Joe Biden continues to claim that he has no knowledge of his family’s overseas business deals and faces mounting pressure to address the situation.

“When you see this kind of a connection between a sitting president, his son, and the Chinese government, when people just don’t trust this and know that it’s one of the biggest threats facing us right now, that’s a really big issue that needs to be addressed,” said Lee Carter, President of language strategy firm Maslansky + Partners. 

“After everything we’ve been through with China – at this moment only 15% of Americans trust China…the American people are rightly concerned. They deserve to have answers. And I think at a minimum, the president needs to make a statement and address people’s concerns because they’re valid.” 

The CEFC-linked transactions are separate from the $3 million wire transfer revealed by investigators last month (click here to read more).  

Author’s Note: We’ve been saying for a while now that China owns the Bidens. What we’re seeing now is that China is more than willing to reveal information if Joe doesn’t give them what they want. This presents a massive security risk to the country and is likely to impact foreign policy in regards to China. 

Is Biden’s vulnerability with China linked to his decisions to dissolve the Trump-era China Initiative and suspend tariffs on Chinese solar panels?

Sources:

China sent not-so-subtle threat to Joe Biden by revealing Hunter’s bank records, says senator 

Chinese-American bank ‘willingly’ provided Biden family financial records: GOP senator

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