A bombshell report coming from a new book by Peter Schweizer indicates Joe Biden’s son, Hunter, signed a deal between his hedge fund and the Bank of China just days after the former Vice President returned from an official visit with the communist regime.

Excerpts from the book Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends, indicate Hunter opened a private equity firm with John Kerry’s step-son, Chris Heinz. The firm had several branches including one known as Rosemont Seneca Partners.

Hunter met top Chinese government officials in December of 2013, hours before the VP met with them. Ten days later, a deal was struck with Rosemont to the tune of $1 billion, which was later elevated to $1.5 billion.

“What was not reported was the deal that Hunter was securing,” an excerpt from the book reads. “Rosemont Seneca Partners had been negotiating an exclusive deal with Chinese officials, which they signed approximately 10 days after Hunter visited China with his father.”

“The most powerful financial institution in China, the government’s Bank of China, was setting up a joint venture with Rosemont Seneca,” Schweizer writes.

Biden is widely considered to be a top candidate for Democrats in the upcoming 2020 election. This story will certainly need further scrutiny.

“In short, the Chinese government was literally funding a business that they co-owned along with the sons of two of America’s most powerful decision-makers,” Schweizer writes in Secret Empires.

Former deputy assistant to President Donald Trump, Sebastian Gorka, believes this is a massive scandal.

“I am rarely at a loss for words, but this is potentially one of the biggest pay-for-play scandals outside of Uranium One,” Gorka told Fos Business host Lou Dobbs.

“The stepson of John Kerry, the son of Joseph Biden, when they were cabinet members of the Obama administration, create a new investment fund…,” Gorka elaborated, “then inked a billion-dollar deal with the Chinese government — the Bank of China.”

“Together they proceeded… to buy a U.S. manufacturing company called Henniges, making very sensitive equipment crucial to our American military here at home,” he added.

Seems sketchy to say the least.

Do you think Hunter Biden used his father’s influence or vice-versa to ink a lucrative deal with a communist regime? Share your thoughts below!

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