Hunter Biden admitted to a federal judge Wednesday that he received over $600,000 from a Chinese Communist Party-backed company, contradicting President Biden’s insistence that nobody from his family “made money from China.”
Hunter made his first appearance in a Delaware federal court Wednesday, pleading not guilty after Judge Maryellen Noreika rejected his plea deal that was criticized by Republicans as too lenient.
Prosecutors said in their proposed plea agreement with Hunter Biden that he received $664,000 from a “Chinese infrastructure investment company,” according to the official court transcript.
Hunter then confirmed to the judge that he earned $664,000 from a company he formed in 2017 with the chairman of the CCP-backed CEFC.
“I started a company [in 2017] called Hudson West, your Honor, and my partner was associated with a Chinese energy company called CEFC,” Hunter said.
“Who was your partner?” the court asked.
“I don’t know how to spell his name, Yi Jianming is the chairman of that company,” Hunter responded.
“$664,000 from a Chinese infrastructure investment company – is that one of the companies we’ve already talked about?” the judge continued.
“I believe so, yes, your Honor,” he said, before adding, “I believe CEFC.”
The House Oversight Committee highlighted the exchange on Twitter Thursday afternoon.
For reference 👇 pic.twitter.com/K6c94qP7UN
— Oversight Committee (@GOPoversight) July 27, 2023
Fox News Digital previously reported in 2020 about an email showing Hunter reaching out to Zhao Runlong at CEFC, asking that they please “translate my letter to Chairman Ye, please extend my warmest best wishes and that I hope to see the Chairman soon.”
“I hope my letter finds you well. I regret missing you on your last visit to the United States,” Hunter wrote in the attached letter, dated June 17, 2017. “Please accept the best wishes from the entire Biden family as well as my partners.”
“We are all hoping to see you here again soon, or in Shanghai,” he added.
Hunter’s apparent confirmation in the courtroom that he made more than a half million dollars from a Chinese company directly contradicts President Biden’s previous denials.
“My son has not made money in terms of this thing about, what are you talking about, China,” Biden told then-President Donald Trump during the October 2020 debate.
“The only guy who made money from China is this guy,” Biden said at the time, referring to Trump. “He’s the only one. Nobody else has made money from China.”
Joe Biden said during the second debate that Hunter had never made money in China and that the NY Post story was Russian disinformation.
His campaign surrogates also repeated the Russian disinformation lie in the lead up to that debate.
Do any journalists care? pic.twitter.com/fw3Y04qDY9
— Greg Price (@greg_price11) December 11, 2020