The deal was years in the making, the culmination of forging contacts, hosting dinners, of flights to and from China. But on Aug. 2, 2017, signatures were quickly affixed, one from Hunter Biden, the other from a Chinese executive named Gongwen Dong.
Within days, a new Cathay Bank account was created. Within a week, millions of dollars started to change hands.
Within a year, it would all begin to collapse.
While many aspects of Hunter Biden’s financial arrangement with CEFC China Energy have been previously reported and were included in a Republican-led Senate report from 2020, a Washington Post review confirmed many of the key details and found additional documents showing Biden family interactions with Chinese executives.
Over the course of 14 months, the Chinese energy conglomerate and its executives paid $4.8 million to entities controlled by Hunter Biden and his uncle, according to government records, court documents and newly disclosed bank statements, as well as emails contained on a copy of a laptop hard drive that purportedly once belonged to Hunter Biden.