Joe Biden’s family did business with drug cartel associates

A book published last month exposed a financial scandal involving the family of US President Joe Biden and an associate of the Sinaloa drug cartel, as the author notes a massive $5 million loan and $80,000 gift to Hunter Biden. Breitbart News mentionted.

Author Peter Schweizer’s book was released in February with the title Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans in which the author mentions Ye Jianming’s collaboration with the former leader of a Chinese triad called United Bamboo Gang (UBG) and Zhang Anle or “White Wolf”.

According to the book, when Biden was vice president, his family entered into a partnership with Ye. It is said to be linked to China’s ruling party.

“The problem of conflicting personal ties when it comes to dealing with China’s fentanyl extends beyond the Biden family to members of his administration. So does the silence,” Schweitzer said.

During the partnership, the Biden family received monetary benefits with Hunter Biden receiving a three-carat diamond worth $80,000. In addition, the book also claimed that in July 2017, Ye’s company provided the Biden family with a $5 million interest-free loan.

CEFC made further interest-free, forgivable loans to the Biden family, and company executive Zhao Running wrote that “$5 million was intended as money loaned to the BD family, not just Hunter Biden.”

In his book, Schweizer wrote: “Interest-free loans provide enormous leverage because the lender can ask for their money back if they are dissatisfied with any action.”

Joe Biden’s son Hunter spoke to Yeh on a “regular basis” and Yeh helped Hunter “with a number of his personal matters,” including unspecified “sensitive matters.”

“Joe Biden was outspoken in 1992 when it was revealed that Beijing was involved in the heroin trade,” Schweitzer writes, adding that “But now with the far deadlier fentanyl crisis, he has gone silent.”

“When Joe Biden delivered the 2023 State of the Union address … he faced [fentanyl crisis] as a conventional drug problem,” Schweizer said.

He continued: “What he never mentioned was Beijing’s hand in the matter. President Biden has been remarkably quiet when discussing China’s involvement in the drug trade; he does not question its leadership on their behavior.”

Schweitzer noted that he previously reported that “members of the first family received approximately $31 million in deals from a small group of Chinese businessmen with deep ties to the highest levels of Chinese intelligence.”

But some of those businessmen who allegedly funneled money to the Bidens “have ties to the fentanyl trade, including $5 million from a Chinese national who was a business partner with a notorious triad leader.”

This “cash flow,” he argues, connects the Bidens to Chinese associates of the triumvirate.

“Ye and White Wolf co-founded the Shanghai Zhenrong Petroleum Company. White Wolf’s UBG gang also has a partnership with the Sinaloa Cartel and helps them produce and distribute fentanyl in the US.”

“UBG helped turn Sinaloa Cartel into Fentanyl King, according to Mexican cartel investigation,” Schweitzer wrote in his book.

White Wolf was arrested and convicted in the 1980s on drug trafficking and extortion charges in the US.

UBG, according to Schweizer, is extensively involved in the international drug trade, having sold heroin to the US for decades.

He cited a government report that said: “The gang is believed to operate in several US cities, including Chicago, Honolulu, Houston, Miami, Phoenix and various cities in California. UBG has established a sophisticated network capable of supplying members with guns, drugs and fraudulent identifications”.

White Wolf also reportedly has close ties to the Beijing government. senior Communist Party officials call him “Big Brother.”

“The fact that a Chinese businessman who poured millions into the Bidens is a partner of a criminal syndicate … in the distribution of fentanyl in the US may be shocking enough. But there is more,” Schweitzer wrote.

Schweizer also said Hunter’s lawyer, Abbe Lowell, was also the legal representative of Ng Lap Seng, an alleged Chinese triad member who was convicted on bribery charges. Lowell is also expected to represent Qin Fei, who is accused of being a Chinese intelligence officer, and Lum Davis, who pleaded guilty to illegally lobbying the Chinese government.