CEFC, an organization that allegedly operated as an intelligence branch of the Chinese regime under the guise of a global energy conglomerate, ties back to dealings with the Biden family dating to 2015. The association is said to underscore part of China’s grand Belt and Road Initiative.
The reported information reveals a series of transactions that involved trading on the Biden name during Joe Biden's term as vice president. In March 2017, a payment of $3 million was made, out of which $1 million went to the Bidens.