Hunter Biden entered into a consulting contract with China’s largest private energy company that initially earned him $10 million a year “for introductions alone,” according to leaked emails.
In an email chain from Aug. 2, 2017, Biden discussed a deal with the former chairman of CEFC China Energy, Ye Jianming, saying Ye agreed to change the terms of Biden’s three-year consulting contract with CEFC, which initially promised Biden $10 million per-year “for introductions alone,” to make it “much more lasting and more lucrative,” the New York Post reported, although the authenticity of the Biden emails has not been independently confirmed.
One email sent to Biden on May 13, 2017, with the subject line “Expectations,” included details of “remuneration packages” for six people involved in an unspecified business venture. Biden was identified as “Chair / Vice Chair depending on agreement with CEFC,” an apparent reference to the former Shanghai-based conglomerate CEFC China Energy Co.
His pay was pegged at “850” and the email also noted that “Hunter has some office expectations he will elaborate.”
In addition, the email outlined a “provisional agreement” under which 80 percent of the “equity,” or shares in the new company, would be split equally among four people whose initials correspond to the sender and three recipients, with “H” apparently referring to Biden.
The family’s dealings in Ukraine are the subject of several congressional probes and even led to the impeachment of President Trump who was eventually cleared in the Senate of the charge that he pressured Ukraine’s leader to dig up dirt on Joe Biden.
Hunter Biden’s dealings in China, however, have earned a lot less scrutiny — including over a $1 billion windfall for his business venture just days after visiting Beijing with his influential father.