An investment firm directed by Democrat Presidential Candidate Joe Biden’s son Hunter funneled millions into China General Nuclear Power Corp, a state-owned power company guilty of stealing American nuclear technology for use by the Chinese Communist Party for decades.
In 2017, a naturalized U.S. citizen from Taiwan pleaded guilty to “conspiracy to unlawfully engage or participate in the production or development of special nuclear material outside the U.S.” per the Department of Justice (DOJ).
The DOJ charged Allen Ho, a consultant for China General Nuclear Power Company (CGN), with “assisting CGN in procuring U.S.-based nuclear engineers to assist with designing and manufacturing certain components for nuclear reactors” for nearly two decades.
He was sentenced to two years in prison and ordered to pay a $20,000 fine.
These technologies likely saw use by the Chinese military, as the U.S. Defense Department has identified the company as a People’s Liberation Army (PLA) proxy.
Ho’s U.S. company Energy Technology International was also in on the ruse, headquartered in the former Veep’s place of residence: Wilmington, Delaware.
But CGN’s Biden links run deeper.
BHR Partners, a private equity firm where Hunter Biden served as director since its 2013 founding, was a $10 million cornerstone investor in CGN’s initial public offering (IPO). Occurring in 2014, the IPO was the second largest of the year and valued at over $3 billion.
The company still lists GCN as part of its portfolio.
BHR Partners was a joint venture between Rosemont Seneca Partners, an investment fund founded by Hunter Biden and Obama-era Secretary of State John Kerry’s stepson in 2009, and the state-owned Bank of China. The billion-dollar fund was notoriously birthed less than two weeks Hunter traveled to China alongside his father and then Vice President.
While Hunter pledged to divest of his stake in the company in 2019, the Daily Caller revealed he retained shares for months after his announcement. Now, it is alleged he still owns 10 percent of the fund.
While the Biden family was raking in millions from inking deals with Chinese state-owned enterprises – all the while bolstering the CCP’s military capabilities – the Trump administration was busy preserving and protecting American intellectual property and national security.