Posted on 01/09/2023 4:45:34 PM PST by yesthatjallen
UPenn Can’t Explain Mystery Donation From Chinese Company
Washington Free Bacon ^ | AUGUST 3, 2020 | Alana Goodman
Posted on 8/5/2020, 4:44:03 PM by Rebelbase
The University of Pennsylvania pocketed a $3 million donation last year from a mysterious Hong Kong shell company that is owned by a Shanghai businessman with deep ties to Chinese government officials.
The donation from Xu Xeuqing, who has no apparent connection to the University of Pennsylvania and was previously embroiled in a Shanghai public corruption scandal, raises questions about the true source of the money. Documents reviewed by the Washington Free Beacon show Xeuqing has close ties to the Chinese Communist Party.
China has poured money into American universities in recent years, in part to buy influence on campuses, experts say. The donation comes as federal prosecutors have increased scrutiny on the Chinese government’s influence-buying and espionage operations at American universities.
“Unequivocally they’re using the money they’re providing the universities to garner influence there,” said Ben Freeman, the director of the Foreign Influence Transparency Initiative at the Center for International Policy. “It’s not the sole motive, but it’s one of a variety of motives.”
Foreign money has poured into the school over the past few years with a significant portion coming from China. The Ivy League school received $61 million in gifts and contracts from China between March 2017 and the end of 2019; over the previous four year period, it took in just $19 million from Chinese donors.
The University of Pennsylvania received the $3 million in question from a Hong Kong-based company called “Nice Famous Corporation Limited,” according to financial disclosures.
(Excerpt) Read more at freebeacon.com ...
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VP Biden, his son Hunter, and Hunter’s daughter Finnegan, arrived in Beijing..........on an official US visit financed by taxpayers.
Throughout the tax-paid trip, Hunter Biden seemed to duck in and out, sometimes joining his father at events and red-carpet arrival ceremonies, and at other times following his own itinerary, presumably with his daughter Finnegan. As is customary, the White House did not provide details about what the vice president’s relatives were doing when they were not part of his public events.
What else Hunter Biden may have done during the tax-paid two-day stop in China is unclear. There are no indications he met with Chinese government officials. Mesires, the spokesman, said that he did not conduct any business during the tax-paid trip — including when he met with Li, the Chinese banker and his nascent business partner.
Several former White House officials who traveled with Biden on the tax-paid trip told NBC News that they didn’t know at the time that Hunter Biden had any business interests in China and were unaware of his private schedule while in Beijing.
Reporters along for the trip also indicated no one was aware of Hunter’s mega business deal in China.
SOURCE—NYPOST.com
Twelve days after Hunter stepped off Air Force Two in Beijing with his VP dad and daughter, on an official tax-paid trip, Hunter’s nascent privarcompany signed a historic deal with the Bank of China, the state-owned financial behemoth often used as a tool of the Chinese government.
The Bank of China had created a first-of-its-kind investment fund called Bohai Harvest RST (BHR). According to BHR, one of its founding partners was none other than Rosemont Seneca Partners LLC.
It was an unprecedented arrangement: (A) the government of one of America’s fiercest competitors, the Chinese Communist government. going into business with the son of one of America’s most powerful decision-makers, then VP-Biden....Pres Obama’s point man in China.
Chris Heinz (John Kerry’s stepson) claims neither he nor Rosemont Seneca Partners, the firm he had part ownership of, had any role in the deal with Bohai Harvest. Nonetheless, Biden, Archer and the Rosemont name became increasingly involved with China.
Archer became the vice chairman of Bohai Harvest, helping oversee some of the fund’s investments.
Troublingly, some of those investments had major implications for US national security........including the safety and security of Americans.
<><> Ironically, Hunter Biden’s father, the vice president, met earlier with Chinese President Hu Jintao in Washington as part of the Nuclear Security Summit as Obama’s point man on all things China.
<><> In December 2014, Hunter’s company, BHR became an “anchor investor” in the IPO of China General Nuclear Power Corp. (CGN), the Communist state-owned energy company involved in the construction of nuclear reactors.
<><> In April 2016, the US Justice Department would charge CGN with stealing nuclear secrets from the United States — actions prosecutors said could cause “significant damage to our national security.”
Of particular interest to CGN were sensitive, American-made components that, according to experts, resembled components used by the US on its nuclear submarines.
Joe Biden later bragged that he did not discuss Hunter’s business interests on the 20-hour flight to China.Nor would he. The details of a mega-deal...... with larger importance to the Biden family fortunes....... were certainly worked out weeks ahead in VP Biden’s tax-paid office utilizing Biden’s tax-paid staff.
The alacrity with which Hunter seemingly sewed up the billion dollar deal shorty after arriving is significant. Because the details were already hashed out when he boarded Air Force Two. Joe and Hunter surely allowed themselves a high five. No need to discuss the deal on the trip over.....it was fait accompli....thanks to the VP’s tax-paid help.
University of Penn that housed Biden center pressed
to end FBI China spy probe after big Beijing donations
1/12/2023, 11:38:38 AM · by george76 · 14 replies
Just the News. ^ | January 12, 2023 | John Solomon and Nick Givas
University of Pennsylvania, which hosted the Penn Biden Center where classified documents were found in November, received $47.7 million from China in the three years when Biden was affiliated with it. ...
The University of Pennsylvania, the Ivy League institution which collected tens of millions of dollars from China while paying Joe Biden and hosting his foreign policy think tank, successfully pressured the Biden Justice Department to end an FBI counterespionage program targeting Beijing’s increasing influence within U.S. academia.
Attorney General Merrick Garland shut down the FBI’s so-called China initiative in February 2022 shortly after more than 160 members of...
UPDATE AFTER THE CHINESE TAINT SURFACED, PENN SUDDENLY GAVE AWAY $100 MILLION TO PA PUBLIC SCHOOLS....
WAS THIS DIRTY CHINESE MONEY PENN DESPERATELY NEEDED OFF THE BOOKS TO SAVE. BIDENS FILTHY *SS?
University of Penn that housed Biden center pressed
to end FBI China spy probe after big Beijing donations
1/12/2023, 11:38:38 AM · by george76 · 14 replies
Just the News. ^ | January 12, 2023 | John Solomon and Nick Givas
University of Pennsylvania, which hosted the Penn Biden Center where classified documents were found in November, received $47.7 million from China in the three years when Biden was affiliated with it. ...
The University of Pennsylvania, the Ivy League institution which collected tens of millions of dollars from China while paying Joe Biden and hosting his foreign policy think tank, successfully pressured the Biden Justice Department to end an FBI counterespionage program targeting Beijing’s increasing influence within U.S. academia.
Attorney General Merrick Garland shut down the FBI’s so-called China initiative in February 2022 shortly after more than 160 members of...
UPDATE AFTER THE CHINESE TAINT SURFACED, PENN SUDDENLY GAVE AWAY $100 MILLION TO PA PUBLIC SCHOOLS....
WAS THIS DIRTY CHINESE MONEY PENN DESPERATELY NEEDED OFF THE BOOKS TO SAVE. BIDENS FILTHY *SS?
I believe the DoJ waited until after the election to see which way the Red Wave went.
If Democrats had held both the House and the Senate, we would never have learned any of this.
But since Republicans won the House and got investigative and subpoena power, the DoJ gave the Biden administration two months to have their lawyers review the documents and possible destroy damaging evidence before the DoJ made the news public.
Also remember that this is the same DoJ that refused to let President Trump's lawyers into Mar-a-Lago to witness the FBI search for classified documents stored there.
-PJ
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