A Chinese payment technology firm operating across thousands of U.S. businesses is under federal investigation while maintaining connections to Hunter Biden associate Che Feng.
According to Breitbart News, PAX Global Technology Limited, which provides electronic payment terminals to U.S. retailers, is being investigated by federal authorities for suspicious data transmissions while having ownership ties to Chinese financier Che Feng, who has close connections to Hunter Biden.
The investigation into PAX began in October 2021 when multiple federal agencies, including the FBI, Homeland Security Investigations, and others, raided the company's U.S. headquarters in Florida. The raid was prompted by concerns that the payment terminals were secretly transmitting data to overseas locations.
Laboratory tests conducted by Treasury Department partners revealed PAX devices were sending data transmissions that exceeded normal payment processing requirements in both frequency and size. These findings raised red flags about potential risks to customer data security.
An independent cybersecurity source confirmed to investigators that PAX terminals were being utilized as malware repositories and command centers for coordinating cyber attacks. The company commissioned an audit claiming no personal data was compromised, though a senior executive resigned shortly after the federal raid.
Despite ongoing investigations, many U.S. retailers continue using PAX payment devices, though some companies like Fidelity Information Services' Worldpay have stopped deploying them due to inadequate explanations about suspicious connection attempts.
The company's ownership structure reveals ties to Hunter Biden's Chinese business network. Hi Sun Technology, PAX's controlling shareholder, lists Che Feng as its second-largest stakeholder.
According to Peter Schweizer's book "Red-Handed," Feng played a crucial role in connecting Hunter Biden with Chinese financial opportunities. Known as "The Super Chairman" among Biden's business partners, Feng facilitated deals with major state-owned financial institutions.
The Chinese businessman's legal troubles extend beyond his business dealings with Hunter Biden. Feng was arrested on charges including money laundering and bribery involving over $15 billion.
As reported by Bloomberg News, a spokesperson from the Treasury Department shared information regarding the suspicious activities uncovered during their investigation:
Treasury's preliminary assessment is that data transmission by these devices indicates the possibility of risks to customer data confidentiality. The transmissions happened more often and were larger in size than normal payment transactions, the agency said.
The FBI has confirmed that the investigation is still in progress. An official stated that no further details are available at this stage.
PAX Global Technology's federal investigation represents another chapter in the examination of Hunter Biden's Chinese business connections. The company continues processing payments for U.S. consumers despite unresolved cybersecurity concerns and its ties to Che Feng.
Congressional oversight may intensify as questions persist about the adequacy of safeguards protecting American financial data, particularly given PAX's connection to Hunter Biden's associate. The case adds to broader concerns about Chinese influence in U.S. financial systems and potential data security risks.
