The Biden Center at the University of Pennsylvania has been caught concealing dirty money. It has been alleged that the center has received tens of millions of dollars from China and failed to tell anyone about it.
According to the report published by Campus Reform, The Biden Center at UPenn is under scrutiny over “gifts” from China that were not correctly disclosed to the federal government.
The center accepted a $22 million gift from an anonymous Chinese donor. Federal law requires any foreign gift over $250,000 must be disclosed to the government. Whoever receives the gift must also disclose the identity of the donor.
Since 2017, when the Biden Center opened and after Joe Biden announced he was running for President in April 2018, the university received over $70 million from China, of which $22 million were listed as “Anonymous.” Federal law requires the disclosure of the source of all donations over $250,000. The complaint also requests a referral to the Department of Justice to file an enforcement action seeking compliance and to recoup all the costs of the investigation.
“From 2013-2019, the University of Pennsylvania received more than $67 million from China sources. More significantly, after the Penn Biden Center opened here in Washington, D.C., in February 2018, the China gifts poured in all the more, and continued after Biden announced his candidacy of the presidency on April 25, 2019,” a complaint alleges.
UPenn spokesman Stephen MacCarthy said, “the University is in compliance with federal foreign gift disclosure requirements. As to their allegations regarding the connection of gifts to the Penn Biden Center, that is completely untrue. In fact, it is total nonsense. We have never solicited any gifts for the Penn Biden Center. Since its inception in 2017 there have been three unsolicited gifts (from two donors) which combined total $1,100. Neither of the donors were from China.”
Source: Campus Reform