Posted on 08/21/2023 5:33:53 AM PDT by SJackson
When Hunter Biden was driving 172 miles an hour while smoking crack on the way to meet prostitutes in Las Vegas, the son of a future president was driving a Porsche 911.
Devon Archer, Hunter’s closest partner, told the House Oversight Committee that the car had been paid for by an oligarch from Kazakhstan. “I believe it was a Fisker first and then a Porsche.”
Kenes Rakishev, the banker for Kazakhstan’s dictator and a close associate of Ramzan Kadyrov, Putin’s ruthless Chechen warlord, had allegedly bought Hunter the sports car after a meeting with Joe and Hunter at Cafe Milano: an exclusive D.C. eatery that the Washington Post had described as “Washington’s ultimate place to see and be seen.”
The Fisker Karma was more than just another sports car. The electric luxury vehicle was a social statement that had been backed by a $529 million loan to the Europeans behind it.
Vice President Joe Biden, told local politicians, union members, and Fisker executives in Wilmington, Delaware in 2009 that Fisker would be bringing green jobs for everyone..
Joe Biden cited “a real commitment by this Administration” and “loans from the Department of Energy” that would help “America’s auto industry reclaim its top position in the global market. Of the total loan, $359 million is going to revive manufacturing at the Boxwood Plant.”
The then vice president made no mention of Hunter’s business interests, Fisker’s backing by Al Gore’s venture capital fund or that the $170 million remainder of the loan would be going to build Fisker’s ‘Karma’ cars in Finland.
“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.”
Hunter Biden was not in the business of failing either: it just seemed to happen anyway. Armed with his father’s backing and that of local Delaware officials, he was working to transform the state’s rust belt infrastructure, like the old GM plant that Fisker was promising to take over, into green energy ventures that would cash in on the massive redistribution of taxpayer money through the $90 billion allocated for green energy companies in Obama’s ‘Recovery Act’.
Emails went back and forth between Hunter Biden, Delaware’s governor and the head of the state’s office of economic development who described a green energy project touted by Hunter as coming from the “vice president’s office”. The line between Joe Biden and his son’s business ventures, which is at the heart of the House Oversight Committee, seemed barely there.
After Fisker’s loan had been secured, Wayne Kimmel, Hunter’s childhood friend and a venture capitalist, who along with Hunter had cosponsored an inaugural breakfast to celebrate his dad’s new job, emailed Hunter to ask for an introduction to Chris Heinz, John Kerry’s stepson and a co-founder of Hunter’s Rosemont Seneca firm, to discuss Fisker.
“Its our fund that’s in the deal,” Hunter replied.
And what made the deal work was $529 million in taxpayer money. The Delaware launch, attended by Joe Biden, was ultimately going to benefit Hunter Biden’s company.
“Hunter… sincere thanks for any and all help provided concerning Fisker, particularly intro to Wayne. Also, congrats to all on the finalization of the Boxwood Plant transfer, announced on Monday,” Barry Yerger, a financial mover and shaker recently appointed by Joe Biden to the Committee for the Preservation of the White House, wrote.
While the Fisker disaster unfolded, there was no mention of the Biden role in the company.
Fisker was supposed to build “affordable” electric cars in Delaware that would cost $40,000. Instead it built the ‘Karmas’ in Finland. They cost six figures, were too heavy, the hybrid’s gas mileage was no better than some regular cars and the tires wore out in a year.
But Hunter wanted one anyway, perhaps to drive or to show off to prospective investors.
By 2012, the target date, $193 million of the loan had been spent on the ‘Karma’ and other projects, and nothing was happening in Delaware. In 2013, the only option, the local media warned was “Chinese billionaires” preparing for Fisker’s bankruptcy auction. One of those Chinese billionaires would win the auction despite his company, which promised to make the electric cars, being created a few months beforehand with no office address or phone number, after rigging the auction and “cheating taxpayers out of millions of dollars”.
A few months after a Kazakh oligarch allegedly bought Hunter a Fisker Karma, it was already breaking down. Meanwhile Joe Biden was meeting with a different set of foreign executives.
Joe Biden invited two executives from Wanxiang, a Chinese automotive company that would gobble up Fisker, to the White House. A few days later one of the executives promised to help get Hunter’s Fisker Karma fixed.
“Last Friday when we visited D.C., I heard that your Fisker is out of order and could not get serviced. Sorry,” the Chinese executive wrote. “It would be our honor to get your Fisker fixed… I would like to give you a call to see what we could do as next step.”
The Chinese executive mentioned, “It would be our great honor to welcome you to visit Fisker or Wanxiang at any time.”
Did the Chinese executive hear about Fisker and the state of Hunter’s car from him or his dad? The executive’s phrasing suggests that he had heard about it from someone other than Hunter.
The head of Delaware’s economic development office claimed that Hunter Biden had offered to “to link the governor with Chinese investors interested in acquiring the auto plant.” But nothing happened. Wanxiang never built any cars there, but instead sold it off to a private developer.
No cars would be built on the auto plant. Instead taxpayers were left not only with over $100 million in losses, but local taxpayers were also on the hook for its $400,000 power bill.
The green energy disaster was not the only one that came from Obama’s corrupt Recovery Act.
Sun Edison, a solar panel company, became the biggest green energy bankruptcy, benefiting from as much as $1.5 billion in government grants and subsidies. In an email, Devon Archer mentioned to Hunter that he was planning to meet with Sun Edison “in the next few weeks and qualify if there’s opportunity”. The Biden administration appointed Jigar Shah, Sun Edison’s founder, to head the loan office at the Department of Energy distributing green energy grants.
There is no shortage of opportunities and expenses. The story of Fisker suggests that Joe Biden’s abuse of his office to help Hunter’s economic interests may go as far back as 2009. Not long after Joe became vice president, Hunter was benefiting from the connection.
Americans lost over $100 million on Fisker, but thanks to the services of a Kazakh oligarch and some Chinese automotive executives, Hunter Biden got a $142,000 lemon.
Until he traded it in for a Porsche.
ping
Dear God, make it STOP with these people….
amazing stories
Where did the cash go? Who benefited? Who paid taxes?
Among others, Hunter benefited by receiving a free car. I'm sure he paid taxes. I'm Chinese benefited buying the company out of bankruptcy at a favorable price. American taxpayers, 139 million is a drop in the bucket.
How does a incident like this not catch the attention of the American media?
The Biden Crime Family.
But Trump ripped the tag off the mattress. Impeach!
Want On or Off list? Frmail me.
ROFLOL.
Obama had to Know!!
Goes back to 2009. The shakedowns for foreign ‘gifts’ the numerous deals with Joe and his alias taking it all in on every email.
Well, at least Obama didn’t go from 300k net worth to like 60 million during the same time.......
abcnews.com
By ROSS, RHONDA SCHWARTZ and ALEX HOSENBALL
September 24, 2015
FBI Arrests Chinese Millionaire Once Tied to Clinton $$ Scandal
Ng Lap Seng charged with lying about suitcase of cash brought into U.S.
Nearly 20 years ago, Ng was implicated in a campaign finance scandal during Bill Clinton’s administration.
The FBI has arrested a politically prominent Chinese millionaire, the alleged secret source of foreign money in a campaign finance scandal during the Clinton administration, on charges he lied about why he brought more than $4.5 million in cash into the United States over the last two years.
Ng Lap Seng was arrested in New York last weekend by FBI agents working with federal prosecutors assigned to the public corruption squad in the Southern District of New York, according to federal authorities.
His arrest came on the same day the Chinese President Xi Jinping arrived in Seattle for a state visit to the United States.
In addition to his role as a prominent real estate developer on the gambling center island of Macau, Ng has close ties to the Chinese government and is listed as a member of a senior advisory group, the Chinese People’s Political Consultative Conference.
A criminal complaint against Ng, filed in federal court, described a series of trips Ng made to the U.S., often by private jet, carrying large amounts of cash.
According to the complaint, Ng lied about the purpose for bringing the cash, falsely claiming it was for the purchase of real estate, art or for gambling.
FBI agents surveilled Ng on several of his most recent trips and found that “at no point” was he seen “looking at paintings available for purchase, purchasing paintings, or gambling,” according to the complaint.
The complaint does not offer details about who the government believes received the cash, other than identifying a “Business Associate-1”. There is no indication of any current ties to the Clintons or the Democratic Party, and a spokesman for the Hillary Clinton Presidential campaign, Brian Fallon, said there had been no contact between the campaign and Ng.
The complaint says Ng brought a suitcase full of $400,000 in cash to the United States on June 13 and later that day brought the suitcase to a meeting with “Business Associate-1” in Queens, New York.
Ng was identified in a 1998 Senate report as the source of hundreds of thousands of dollars illegally funneled through an Arkansas restaurant owner, Charlie Trie, to the Democratic National Committee during the Clinton administration.
“Trie’s contributions purchased access for himself and Ng to the highest levels of our government,” the Senate report said.
Ng and Trie made a number of visits to the White House to attend Democratic National Committee-sponsored events and were photographed with President Bill Clinton and then-First Lady Hillary Clinton. ABC News reported in 1997 that Ng had made six trips to the White House.
Senate investigators said Ng “refused to meet with or answer the investigators questions,” although he was never charged with a crime in the investigation.
Trie, an American citizen, pleaded guilty to violating campaign finance laws.
Also arrested with Ng was an associate and translator, Jeff Yin, a naturalized American citizen who is also accused of lying about the use and importation of the funds. Both are being held at a federal corrections center and are scheduled to be in court on Oct. 5.
Recent Stories from ABC News
Ng’s lawyer, Kevin Tung, said Ng is being held without bail, and Tung said he could not comment as to where the money had allegedly gone.
In an interview with ABC News in July, 1997, Ng said, “My philosophy is that I should not break the law but I wouldn’t mind bending it.”
Pres Bill, Hillary, ng lap seng.
The following statements were made by probably the very last reasonably honest dimocRAT.
“Show me a man that gets rich by being a politician, and I’ll show you a crook.”
“My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference.“
Harry S. Truman
KEEP ME ON THE LIST.... YOU I TRUST.
ptsal
The green energy disaster was not the only one that came from Obama’s corrupt Recovery Act.
Sun Edison, a solar panel company, became the biggest green energy bankruptcy, benefiting from as much as $1.5 billion in government grants and subsidies. In an email, Devon Archer mentioned to Hunter that he was planning to meet with Sun Edison “in the next few weeks and qualify if there’s opportunity”. The Biden administration appointed Jigar Shah, Sun Edison’s founder, to head the loan office at the Department of Energy distributing green energy grants.
There is no shortage of opportunities and expenses. The story of Fisker suggests that Joe Biden’s abuse of his office to help Hunter’s economic interests may go as far back as 2009. Not long after Joe became vice president, Hunter was benefiting from the connection.
Daniel Greenfield is again doing the research that real reporters used to do. Afflicting the comfortable.
And what did happen to the money flow from all of those Obama-era "green" energy plans and government programs?
Is that why the biggest new government programs being proposed are for "green" energy?
Ping out to the Daniel Greenfield Ping! List.
As always, please FReepmail me if you want on or off the esteemed Daniel Greenfield ping list.
Daniel Greenfield's website: The Sultan Knish blog
Then VP Biden tells Fisker hes giving them hundreds of millions of tax dollars to make green energy cars but they went bankrupt not long after they got the money. Hunter got a Fisker but traded it in for a Porche.
OK
There is no shortage of opportunities and expenses.
When you use the Delaware way plan.
BTTT
Obama's money-laundering scam. This is organized crime, and the Obama team is just as guilty as the Bidens.
Where are the Republican DAs and AGs on this?
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