White House
Inside Hunter Biden’s multimillion-dollar deals with a Chinese energy company
A Washington Post review confirms key details and offers new documentation of Biden family interactions with Chinese executives
By Matt Viser, Tom Hamburger and Craig Timberg
Today at 11:04 a.m. EDT
The deal was years in the making, the culmination of forging contacts, hosting dinners, of flights to and from China. But on Aug. 2, 2017, signatures were quickly affixed, one from Hunter Biden, the other from a Chinese executive named Gongwen Dong.
Within days, a new Cathay Bank account was created. Within a week, millions of dollars started to change hands.
Within a year, it would all begin to collapse.
While many aspects of Hunter Biden’s financial arrangement with CEFC China Energy have been previously reported and were included in a Republican-led Senate report from 2020, a Washington Post review confirmed many of the key details and found additional documents showing Biden family interactions with Chinese executives.
Over the course of 14 months, the Chinese energy conglomerate and its executives paid $4.8 million to entities controlled by Hunter Biden and his uncle, according to government records, court documents and newly disclosed bank statements, as well as emails contained on a copy of a laptop hard drive that purportedly once belonged to Hunter Biden.
The Post did not find evidence that Joe Biden personally benefited from or knew details about the transactions with CEFC, which took place after he had left the vice presidency and before he announced his intentions to run for the White House in 2020.
But the new documents — which include a signed copy of a $1 million legal retainer, emails related to the wire transfers, and $3.8 million in consulting fees that are confirmed in new bank records and agreements signed by Hunter Biden — illustrate the ways in which his family profited from relationships built over Joe Biden’s decades in public service.
The CEFC deal became one of the most lucrative, if short-lived, foreign ventures Hunter Biden is known to have pursued. The Post review draws in part on an analysis of a copy said to be of the hard drive of a laptop computer that Hunter Biden purportedly dropped off at a Delaware repair shop and never came to collect. The laptop was turned over to the FBI in December 2019, according to documents reviewed by The Post, and a copy of the drive was obtained by Rudy Giuliani and other advisers to then-President Donald Trump a few months before the 2020 election.
After the New York Post began publishing reports on the contents of the laptop in October 2020, The Washington Post repeatedly asked Giuliani and Republican strategist Stephen K. Bannon for a copy of the data to review before the election, but the requests were rebuffed or ignored.
In June 2021, a copy was provided to The Post by Jack Maxey, an activist who received a copy from Giuliani in 2020, at a time when Maxey was working with Stephen K. Bannon and his “War Room” podcast.
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