Hunter Biden and a company he ran raked in an estimated $11 million from his controversial business dealings while his father was vice president and soon after, according to a new first-son review.
The scandal-ridden son of President Biden also spent more than $200,000 a month from October 2017 to February 2018, spending it on luxury hotel rooms, payments for a Porsche sports car and dental care, as well as unexplained bank withdrawals. , an NBC News report revealed.
The stunning numbers emerged from an analysis of information stored on the first son’s laptop – the contents of which were first reported by The Post in 2020 – and documents released by Senate Republicans, the report said. network.
Its revenue stream flowed from 2013 to 2018 due to ties to a Ukrainian natural gas company suspected of corruption and a since-missing Chinese tycoon accused of bribery and fraud, NBC said.
“This is a huge amount of money for Hunter Biden, who I don’t believe is an experienced corporate transactional lawyer,” the former House chief ethics counsel told The Post. Blanche, Richard Painter.
“All I know is that I wouldn’t get that much money and I’ve been an expert in securities law for almost 30 years. There’s no way I’m withdrawing that kind of money.
Painter, now a University of Minnesota law professor and Democratic candidate for Congress, also said, “If Hunter Biden cared about protecting the family’s reputation, he would come clean.”
“All of this doesn’t look good,” he added.
NBC’s report came more than 18 months after The Post first revealed emails from the laptop that detailed Hunter Biden’s business dealings with Ukraine’s Burisma Holdings and Ye Jianming, former chairman of the CEFC China Energy conglomerate.
Mainstream media largely ignored the Post’s October 2020 reports or suggested they were the product of Russian disinformation efforts ahead of the 2020 presidential election.
But the New York Times and Washington Post recently authenticated some of the emails themselves as part of a federal grand jury investigation in Wilmington, Delaware, which reportedly focuses on possible tax evasion, money laundering and Hunter Biden’s violations of lobbying laws.
Congressional Republicans have also vowed to launch investigations next year if they regain control of the House and Senate, with some polls giving the GOP an edge amid soaring inflation and low government ratings. President Biden’s endorsement.
NBC did not detail the sources of the full $11 million, but cited previously reported payments totaling $4.8 million to Owasco PC, a company controlled by Hunter Biden, from a joint venture funded by CEFC and Yes.
The network also cited a previously reported $1 million lawyer’s recognizance letter between Hunter Biden and CEFC executive Chi Ping Patrick Ho, who was later sentenced to three years in prison in the United States. for a pair of bribes involving government officials in Africa.
Hunter Biden’s defense attorney, Chris Clark, declined to discuss NBC’s analysis in the filing, the network said.
The Post reported that Hunter Biden made up to $1 million a year serving on Burisma’s board, but the amount was cut by 50% in March 2017, two months after his father quit. to be vice-president.
Critics, including Sen. Ron Johnson (R-Wisconsin), have accused Hunter Biden of profiting from his father’s influence.
Shortly after The Post first revealed his son’s emails, Joe Biden angrily denied the accusation, calling it ‘garbage’ and ‘a last ditch effort in this desperate campaign to smear me. , me and my family”.
“Ron should be ashamed of himself,” he added in an interview with Milwaukee TV station WISN.
Former FBI Assistant Director for Counterintelligence Frank Figliuzzi told NBC that national security can be put at risk when foreign powers like China see an opportunity to get close to someone like Hunter Biden.
“It’s all about access and influence, and if you can compromise someone with both access and influence, that’s even better,” said Figliuzzi, an NBC News contributor who often appears on MSNBC. .
“Even better if that target has already compromised.”
Walter Shaub, a former director of the US Office of Government Ethics, also told NBC that while government ethics rules do not apply to Hunter Biden, “it is imperative that no one in the[DepartmentofJusticeandanyoneintheWhiteHouseinterfereswiththe’criminalinvestigationinDelaware[theJusticeDepartmentandnooneattheWhiteHouseinterferewiththecriminalinvestigationinDelaware”[ministèredelaJusticeetpersonneàlaMaisonBlanchen’interfèreavecl’enquêtecriminelledansleDelaware[theJusticeDepartmentandnooneattheWhiteHouseinterferewiththecriminalinvestigationinDelaware”
Hunter Biden has denied any wrongdoing and told CBS News last year that he was “fully cooperative” with the federal investigation in his family’s hometown.
President Biden is also “confident that his son did not break the law” and the investigation is “something that no one in the White House is involved in”, the chief of staff of the city said last month. White House, Ron Klein.