If you needed any further proof that Beijing Biden (and the entire Democrat Party for that matter) is in bed with the Chinese Communist Party in ways never thought imaginable, well here it is…
Commerce Secretary Gina Raimondo appears to have a conflict of interest due to her husband being a top executive for a company whose major investor is backed by the Chinese government.
Raimondo’s job requires her agency to compete with China globally. Her husband, Andy Moffit, is chief people officer at PathAI, an artificial intelligence company.
Danhua Capital, based in California and one of the main funders of PathAI, is financially backed by the Chinese Communist Party.
The firm has invested in PathAI since at least 2017, when it joined five other venture capitalists to contribute $11 million worth of funding for the AI startup.
Although it was unclear how much Danhua Capital had invested in PathAI, the Chinese firm lists PathAI as one of its featured “biotech and health” investments.
It was reported back in 2018 that Danhua Capital was established and funded with the help of the CCP as part of its “penetration of Silicon Valley.”
Danhua Capital’s mission is to use its capital to narrow the technology gap between China and the U.S., Center for a New American Security (CNAS) officials testified before Congress in 2018.
Former staffers of CNAS, a liberal think tank, have filled prominent positions in the Biden administration.
While Raimondo’s ethics agreement to serve in the administration bars her from participating in any matter that could have a “direct and predictable effect on the financial interests of PathAI,” it’s been said the secretary’s financial disclosure forms showed she would greatly benefit from the company’s success.
Moffit, who earns an annual salary from PathAI, was given a significant number of ownership shares in the company as well as stock options.
Raimondo has emerged as one of the most pro-China voices in the administration. She told one Fake News outlet in September that the U.S. should strengthen economic ties with China, arguing “robust” commercial engagement with China would “mitigate any potential tensions.”
Raimondo last week said she would not urge U.S. companies to pull sponsorships from the upcoming Beijing Olympics after Joe Biden announced a diplomatic boycott of the games over human rights abuses.
Are you paying attention yet?
Author: Elizabeth Tierney