Connect with us

Hi, what are you looking for?

Economy

Chinese donors funneled millions into university running Penn Biden Center during Biden presidency: report

The University of Pennsylvania, which runs the Penn Biden Center in Washington, D.C., where classified documents were recently discovered from Biden’s time as vice president, has received millions from unnamed Chinese donors since Joe Biden became president, a new investigation found.

The university took $14 million from unnamed contributors in China and Hong Kong and $2.4 million from unnamed contributors in Saudi Arabia since 2021, the Washington Free Beacon first reported in a review of government records. Another $1 million was given to the university by a donor in the Cayman Islands to fund the Penn Wharton China program, according to the report. 

The money donated amid the Biden presidency adds to the $61 million Chinese donors have given the university between the years 2017 and 2020, according to previous Free Beacon reporting. 

President Biden’s lawyers turned over at least 10 classified documents located at the Biden Penn Center from his vice presidency to the National Archives in November, which was later revealed to the public in January. Two additional batches of classified documents were recovered by his lawyers at his Wilmington, Delaware, home.

The names of the donors are concealed by the Department of Education, which is required to report donations to universities it funds with federal dollars. The agency reportedly declined a request to provide the names. 

The White House and University of Pennsylvania did not respond to Fox News Digital’s requests for comment. 

Biden’s son, Hunter, is loosely tied to both locations where classified materials were recovered. Hunter, who has business in China, helped orchestrate the founding of the Penn Biden Center prior to its launch 2017 for after his father left office as vice president. Hunter also falsely claimed to own his father’s Wilmington, Delaware, property, where he has lived. 

This post appeared first on FOX NEWS

You May Also Like

Investing

Each quarter, our investment team comments on the markets and economy over the past quarter and looks forward at what the next period might...

Investing

As a parent, grandparent, guardian, or even an aunt or uncle, you want the best for the children you love and take care of....

Editor's Pick

Creating a comprehensive Internet of Things (IoT) platform to enable the transformation to a smarter, more sustainable planet Transaction brings together the ultra-low power...

Editor's Pick

Quectel Wireless Solutions, a leading global IoT solutions provider, today demonstrates an advanced automotive safety integrity levels (ASIL) solution for the automotive market. The...

Disclaimer: BeTrulySatisfied.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 BeTrulySatisfied.com