On Fox News Channel’s “The Ingraham Angle,” Breitbart News senior editor Peter Schweizer, author of “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” discussed suspicious dealings involving former Vice President Joe Biden, his son Hunter, and the Chinese government.
Schweizer told host Laura Ingraham it is “crystal clear” that China was “buying off” Joe Biden through his son. He explained that Hunter Biden traveled to China with his father Joe Biden, in December 2013, at which time the then-Vice President met with Chinese President Xi Jinping, ten days later, Hunter gets $1 billion from the Chinese government.
“Hunter Biden’s small private equity firm called Rosemont Seneca Partners gets a $1 billion private equity deal with the Chinese government, not with the Chinese corporations, with the Chinese government.”
If Biden does decide to run for president, he will have a hard time explaining that, and you can be sure that President Trump will bring it up. Biden has to decide if he wants to subject his son Hunter to that level of scrutiny.
After highlighting how Biden went “soft on Beijing” following his overseas trip, Schweizer accused China of “buying off Biden through his son.”
“In December of 2013, Hunter Biden flies on Air Force 2 to Beijing, China, with his father. His father meets with Chinese officials, he’s very soft on Beijing. The most important thing that happens happens 10 days after they return. And that’s when Hunter Biden’s small, private equity firm called Rosemont Seneca Partners gets a $1 billion private equity deal with the Chinese government, not with the Chinese corporation, with the government.
What people need to realize is Hunter Biden has no background in China, he has no background in private equity, the deal he got in the Shanghai free-trade zone, nobody else had. Goldman Sachs, Bank of America, Blackstone, nobody had this deal.”
He continued, “[I]t’s very, very clear and that’s the first of a series of deals that Hunter Biden strikes with the Chinese government, so there’s no question, when you chart what Joe Biden is doing with China, the meetings he’s having, and the deals that his sign is procuring at the same time, that they are buying off Biden through his son. I think it’s crystal clear.”
Schweizer dropped a bombshell when he said that “this is the tip of the iceberg” of what was “going on while Joe Biden was vice president steering foreign policy.”
The New York Post wrote a shocking article in March 2018, that lays out the unethical and criminal association between Joe Biden and John Kerry’s sons, and the deals they are making with foreign governments.
The Chinese government was literally funding a business that it co-owned along with the sons of two of America’s most powerful decision makers, Joe Biden and John Kerry.
Joe Biden and John Kerry have been pillars of the Washington establishment for more than 30 years. Biden is one of the most popular politicians in our nation’s capital.
His demeanor, sense of humor, and even his friendly gaffes have allowed him to form close relationships with both Democrats and Republicans. His public image is built around his “Lunch Bucket Joe” persona. As he reminds the American people on regular occasions, he has little wealth to show for his career, despite having reached the vice presidency.
One of his closest political allies in Washington is former senator and former Secretary of State John Kerry. “Lunch Bucket Joe” he ain’t; Kerry is more patrician than earthy. But the two men became close while serving for several decades together in the US Senate. The two “often talked on matters of foreign policy,” says Jules Witcover in his Biden biography.
So their sons going into business together in June 2009 was not exactly a bolt out of the blue.
But with whom their sons cut lucrative deals while the elder two were steering the ship of state is more of a surprise.
What Hunter Biden, the son of America’s vice president, and Christopher Heinz, the stepson of John Kerry, the chairman of the Senate Committee on Foreign Relations (later to be secretary of state), were creating was an international private equity firm. It was anchored by the Heinz family alternative investment fund, Rosemont Capital. The new firm would be populated by political loyalists and positioned to strike profitable deals overseas with foreign governments and officials with whom the US government was negotiating.
By Hunter Biden and Kerry’s stepson Chris Heinz, setting up an international private equity fund, they were making it possible for Joe Biden and John Kerry to negotiate deals behind the scenes with foreign countries, and funnel the funds into Rosemont Seneca Partners.
By the summer of 2009, the 39-year-old Hunter joined forces with the son of another powerful figure in American politics, Chris Heinz. Senator John Heinz of Pennsylvania had tragically died in a 1991 airplane crash when Chris was 18. Chris, his brothers, and his mother inherited a large chunk of the family’s vast ketchup fortune, including a network of investment funds and a Pennsylvania estate, among other properties. In May 1995, his mother, Teresa, married Senator John Kerry of Massachusetts. That same year, Chris graduated from Yale, and then went on to get his MBA from Harvard Business School.
Joining Hunter Biden and Chris Heinz in the Rosemont venture was Devon Archer, a longtime Heinz and Kerry friend.
The three friends established a series of related LLCs. The trunk of the tree was Rosemont Capital, the alternative investment fund of the Heinz Family Office. Rosemont Farm is the name of the Heinz family’s 90-acre estate outside Fox Chapel, Pennsylvania.
The small fund grew quickly. According to an email revealed as part of a Securities and Exchange Commission investigation, Rosemont described themselves as “a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz,” with Devon Archer as “Managing Partner.”
The partners attached several branches to the Rosemont Capital trunk, including Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty.
Of the various deals in which these Rosemont entities were involved, one of the largest and most troubling concerns was Rosemont Seneca Partners.
Over the next seven years, as both Joe Biden and John Kerry negotiated sensitive and high-stakes deals with foreign governments, Rosemont entities secured a series of exclusive deals often with those same foreign governments.
Some of the deals they secured may remain hidden. These Rosemont entities are, after all, within a private equity firm and as such are not required to report or disclose their financial dealings publicly.
Some of their transactions are nevertheless traceable by investigating world capital markets. A troubling pattern emerges from this research, showing how profitable deals were struck with foreign governments on the heels of crucial diplomatic missions carried out by their powerful fathers. Often those foreign entities gained favorable policy actions from the United States government just as the sons were securing favorable financial deals from those same entities.
Nowhere is that more true than in their commercial dealings with Chinese government-backed enterprises.
Less than a year after opening Rosemont Seneca’s doors, Hunter Biden and Devon Archer were in China, having secured access at the highest levels. Thornton Group’s account of the meeting on their Chinese-language website was telling: Chinese executives “extended their warm welcome” to the “Thornton Group, with its US partner Rosemont Seneca chairman Hunter Biden.
Also, according to the Thornton Group, the three Americans met with the largest and most powerful government fund leaders in China — even though Rosemont was both new and small.
The optics of Joe Biden negotiating with the Chinese president at the Nuclear Security Summit at the same time that his son Hunter, and Kerry’s son Chris were meeting with the most powerful government fund leaders in China is no coincidence, it’s just shocking that this, and other deals were taking place while Joe Biden was Vice President.
The timing of this meeting was also curious. It occurred just hours before Hunter Biden’s father, the vice president, met with Chinese President Hu in Washington as part of the Nuclear Security Summit.
There was a second known meeting with many of the same Chinese financial titans in Taiwan in May 2011. For a small firm like Rosemont Seneca with no track record, it was an impressive level of access to China’s largest financial players. And it was just two weeks after Joe Biden had opened up the US-China strategic dialogue with Chinese officials in Washington.
On one of the first days of December 2013, Hunter Biden was jetting across the Pacific Ocean aboard Air Force Two with his father and daughter Finnegan. The vice president was heading to Asia on an extended official trip. Tensions in the region were on the rise.
For Hunter Biden, the trip coincided with a major deal that Rosemont Seneca was striking with the state-owned Bank of China. From his perspective, the timing couldn’t have been better.
What was not reported was the deal that Hunter was securing. 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, which is government owned, was setting up a joint venture with Joe Biden and John Kerry’s son’s business, Rosemont Seneca.
If Joe Biden decides to run for president in 2020, he will have to answer for this because President Trump will call him out on it.
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