CEFC, an organization that allegedly operated as an intelligence branch of the Chinese regime under the guise of a global energy conglomerate, ties back to dealings with the Biden family dating to 2015. The association is said to underscore part of China’s grand Belt and Road Initiative.
The reported information reveals a series of transactions that involved trading on the Biden name during Joe Biden's term as vice president. In March 2017, a payment of $3 million was made, out of which $1 million went to the Bidens.
The dealings extended to discussions about a lucrative energy infrastructure business, which was projected to involve significant members of the Biden family. The plan was either to remunerate them with $10 million annually just for introductions or establish a venture that might have led to a more fruitful 50-50 business split. Elements surrounding these transactions gave rise to the widespread anecdote regarding '10% for the big guy'.
A reported exchange on WhatsApp messages had Hunter Biden stating he was with his father (Joe Biden) and inquiring about a money payment. A few days after this conversation, the alleged Chinese affiliates remitted $5 million. This is the same instance where Hunter received a $400,000 cut. A notable fraction of the money is reported to have ultimately reached Joe Biden, part of it through Jim Biden. Shortly after, a $40,000 cheque from the Biden's account was issued to the present President Biden, with apparent reference to a 'loan repayment'.
In a similar transaction, Jim Biden is reported to have secured a business arrangement in the Middle East with an unstable healthcare company. The deal involved a payment of $200,000. On that very day, a checque of equivalent amount was issued to Joe Biden. Just like the previous transaction, the memorandum line allegedly included the words 'loan repayment'.
