Gov. Gavin Newsom (D-CA) partnered with a Chinese Communist Party-tied businessman – allegedly connected to the triads – on an endeavor that brought Chinese mafia-linked businesses to California’s Bay Area when Newsom served as San Francisco’s mayor, Peter Schweizer reveals in his new book Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans.
Schweizer reveals in Blood Money that Newsom has had links to Chinese organized crime through his connections to known triad members and that these connections go beyond the ChinaSF initiative that Newsom launched in 2008 to bring Chinese businesses to San Francisco. Schweizer also argues that Newsom has skirted addressing China’s role in the fentanyl trade that has killed so many Californians.
Schweizer, a New York Times best-selling author whose investigative work has led to bombshell revelations of corruption among America’s elite, highlights Newsom’s relationship with Chinese businessman Vincent Lo, who served as the cochairman of ChinaSF and the president of the Council for the Promotion and Development of Yangtze.
Schweizer describes ChinaSF as “an ambitious effort to make the Bay Area the ‘premiere [sic] U.S. gateway for Chinese companies expanding into the North American market.’”
Schweizer writes in Blood Money:
ChinaSF was highly favorable to the Chinese entities involved: any investment they made in an American company would grant them intellectual property rights in China for the technology developed. It “would involve U.S. companies handing over their secret formulas.” But many of the Chinese companies and businessmen that were involved in ChinaSF and benefited from the program had ties to Chinese organized crime.
Newsom’s ChinaSF partner Vincent Lo has ties to the Chinese Communist Party (CCP), as well as alleged ties to the triads, according to Blood Money.
“In the 1990s, Lo’s company reportedly hired triad members to provide ‘canteen and security services’ on his building sites on construction projects around Hong Kong. His company first confirmed the practice, but then Lo denied it,” Schweizer writes. “Lo also backed a Hong Kong politician whose associates were accused of soliciting support from triad members. At the same time, a prominent businessman accused Lo’s companies of ‘sending armed thugs’ likely linked to Chinese triads to forcibly take over his luxury villa complex in suburban Beijing. Lo’s company denies the claim.”
Moreover, Lo is a Real Estate Developers of Association of Hong Kong board member along with his brother, and Schweizer notes that the association’s “leadership is populated with developers linked to the triads.”
“Why did Newsom partner with an individual with all these alleged triad connections?” Schweizer writes. “Lo and his family secured large deals in the Bay Area with help from Newsom’s ChinaSF. Lo and his business associates acquired the iconic Bank of America Center in San Francisco. ChinaSF championed development projects carried out by Lo’s family, including the 555 Howard Street project in the Bay Area, which is tied to the California High-Speed Rail project long championed by Governor Newsom.”
ChinaSF also benefited other businessmen who have ties to the triads, according to Schweizer:
In 2010, Newsom announced that he was bringing the headquarters of a Chinese energy company called GCL-Poly to San Francisco. The company was partly owned by a subsidiary of China Poly Group, a company with “intimate ties” to the Chinese military. In fact, in the 1990s, the company had been implicated in a plan to smuggle thousands of fully automatic machine guns into the United States and has been tied to “sketchy dealings with third-world dictators and arms traders” around the world. China Poly is also said to work “hand and glove” with Chinese organized crime figures: according to one report, triad-linked Stanley Ho once “spent millions” to acquire an object of tremendous propaganda value for the company. Why would Newsom’s ChinaSF green-light such a company’s moving into San Francisco?
Trina Solar Company was another energy company that Newsom announced would be coming to the Bay Area, and it would later be “embroiled in controversy” surrounding an American company’s intellectual property, according to Blood Money. A CEO for one of Trinar Solar Company’s American competitors levied allegations that “it was likely receiving support from the People’s Liberation Army via hackers who were stealing intellectual property from competitors and giving it to the company.”
Continue reading: Breitbart.com
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