Hunter’s Chinese Business Partner ‘Attempted to Hide’ Payment From China-Based Firm to Biden Family, Report Says
Hunter Biden’s Chinese business partner attempted to conceal a large foreign payment to the Biden family through a complex laundering scheme, a House Oversight Committee memo alleged Wednesday.
Gongwen “Kevin” Dong, Hunter Biden’s business partner, facilitated the transfer of $100,000 to Biden’s company through an intricate web of limited liability companies in an attempt to hide their original China-based source, a company called Shanghai Huaxin Group, the memo alleged, citing business and financial records. In total, the Biden family received more than $10 million in payments from companies controlled by foreign nationals, the memo states.
In May 2017, Dong created a limited liability company in Delaware called CEFC Infrastructure, to which the “sole equity member” was a company called Hudson West V, where Dong served as the “director,” the memo states.
A week after CEFC Infrastructure’s formation, Hudson West V then “assigned 100 percent of its interest” to a company incorporated in China called Shanghai Huaxin Group, which, in turn, deposited $10 million into CEFC Infrastructure’s bank account, according to the memo.
On August 4, 2017, CEFC Infrastructure then wired $100,000 to Owasco P.C., “Hunter Biden’s professional corporation,” the memo states. (Read more from “Hunter’s Chinese Business Partner ‘Attempted to Hide’ Payment From China-Based Firm to Biden Family, Report Says” HERE)
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