From Kim Strassel, at WSJ, "The Biden ‘Family Legacy":
Joe Biden has a problem, and his name is Hunter. Because the former vice president hasn’t had to answer any questions on this topic—and continued to refuse to do so in Thursday’s debate—that problem could soon become America’s.
That’s the reality now that a former business partner of Hunter Biden’s has come forward to provide the ugly details of the “family brand.” Tony Bobulinski, a Navy veteran and institutional investor, has provided the Journal emails and text messages associated with his time as CEO of Sinohawk Holdings, a venture between the Bidens and CEFC China Energy, a Shanghai-based conglomerate. That correspondence corroborates and expands on emails recently published by the New York Post, which says they come from a Hunter laptop.
In a statement, Mr. Bobulinski said he went public because he wants to clear his name, which was contained in those published emails, and because accusations that the information is fake or “Russian disinformation” are “offensive.” He attests that all the correspondence he provided is genuine, including documents that suggest Hunter was cashing in on the Biden name and that Joe Biden was involved. Mr. Bobulinski says he was also alarmed by a September report from Sen. Ron Johnson that “connected some dots” on the CEFC deal, causing him now to believe the Bidens sold out their U.S. partners.
Mr. Bobulinski’s text messages show he was recruited for the project by James Gilliar, a Hunter associate. Mr. Gilliar explains in a December 2015 text that there will be a deal between the Chinese and “one of the most prominent families from the U.S.” A month later he introduces Rob Walker, also “a partner of Biden.” In March 2016, Mr. Gilliar tells Mr. Bobulinski the Chinese entity is CEFC, which is shaping up to be “the Goldmans of China.” Mr. Gilliar promises that same month to “develop” the terms of a deal “with hunter.” Note that in 2015-16, Joe Biden was still vice president.
As the deal takes shape in 2017, Mr. Bobulinski begins to question what Hunter will contribute besides his name, and worries that he was “kicked out of US Navy for cocaine use.” Mr. Gilliar acknowledges “skill sets [sic] missing” and observes that Hunter “has a few demons.” He explains that “in brand [Hunter is] imperative but right know [sic] he’s not essential for adding input.” Mr. Bobulinski writes that he appreciates “the name/leverage being used” but thinks the economic “upside” should go to the team doing the actual work. Mr. Gilliar reminds him that those on the Chinese side “are intelligence so they understand the value added.”
This dispute almost derails the deal. Hunter is hardly visible through most of the work, until final contract negotiations ramp up in mid-May. He brings in his uncle Jim Biden for a stake. (Mr. Gilliar in a text message soothes Mr. Bobulinski with a promise that Jim’s addition “strengthens our USP”—unique selling proposition—“to the Chinese as it looks like a truly family business.”) Hunter in texts and emails wants offices in three U.S. cities, “significant” travel budgets, a stipend for Jim Biden, a job for an assistant, and more-frequent distributions of any gains. As for annual pay, he explains in an email that he expects “a hell of a lot more than 850” thousand dollars a year (the amount Mr. Bobulinski, the CEO, is getting), since his ex-wife will take nearly all of it.
Mr. Bobulinksi pushes back, warning Mr. Gilliar in a text that they need to “manage” Hunter because “he thinks things are going to be his personal piggybank.” The duo worry about his “mental state,” substance abuse, and his ability to make meetings.
Hunter, in his own angry texts, makes clear that his contribution is his name...
RTWT.
