Incredible revelations hit the news this week in a series of New York Post reports based on data from a water-damaged laptop that Hunter Biden reportedly abandoned last year at a Delaware Mac repair store. The story is still developing but there is enough out there for us to draw some conclusions.
First, maybe most importantly, is the insight we have gained into how children of powerful politicians can use their access and influence to get rich. The expression “influence peddling” seems somehow insufficient when talking about the kind of multi-million-dollar deals Hunter Biden was reportedly arranging.
And there are tantalizing hints that Joe Biden, former vice president and current Democratic presidential nominee, was in on the action. A May 13, 2017, email reportedly sent to Hunter with the subject line “Expectations” discussed a venture with the former Shanghai-based conglomerate CEFC China Energy Co. Hunter, as Chair or Vice Chair, was expected to earn a salary of “850,” probably $850,000 a year. The details of the “remuneration packages” for six people involved in the deal include a breakdown of the equity percentages, including 20% for H (Hunter) and “10 held by H for the big guy.” Was