(Tea Party PAC) – The President is calling for former Vice President Joe Biden to be investigated based on revelations from a conservative author into the millions of dollars Hunter Biden received from the Chinese government following a dubious business deal.
“One-hundred percent. It’s a disgrace. And then he says China’s not a competitor of ours. China is a massive competitor of ours. They want to take over the world,” the president told Steve Hilton during an exclusive interview on Fox News Channel’s “The Next Revolution.”
In his 2018 book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” author Peter Schweizer claimed that Hunter was benefitting while then-Vice President Biden negotiated with China.
“The vice president is negotiating a bunch of very sensitive issues with the Chinese, including the South China Sea, trade, tech transfer, etc. Shortly after they return to the US, Hunter Biden’s firm receives a $1 billion private equity deal from the Chinese government We have no way of knowing how much Rosemont made on the deal because there are no disclosure requirements,” he wrote.
Biden and his associates have denied Schweizer’s account, accusing him of writing politically motivated hit pieces.
When the book was first released, Breitbart reported:
The Biden bombshell is one of many revealed in a new investigative book Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends by Government Accountability Institute President and Breitbart News Senior Editor-at-Large Peter Schweizer. Schweizer’s last book, Clinton Cash, sparked an FBI investigation into the Clinton Foundation.
According to an exclusive New York Post excerpt from the book, the Biden billion-dollar China deal occurred as follows. In 2013, Hunter Biden was managing partner in the private equity firm Rosemont Seneca Partners. The Chinese funds were managed by Rosemont Seneca Bohai, which did not involve Chris Heinz.
In December of that year, Vice President Biden and his son Hunter flew aboard Air Force Two to China. Ten days after the trip, a subsidiary of the Bank of China named Bohai Capital signed an exclusive deal with Hunter Biden and Chris Heinz Rosemont to form a $1 billion joint-investment fund called Bohai Harvest RST. The deal was later increased to $1.5 billion.
“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,” writes Schweizer in Secret Empires.
John Kerry’s stepson, Chris Heinz, worked with Hunter Biden and Devon Archer, a longtime friend of the Heinz and Kerry families, according to the New York Post:
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.
Magically, Rosemont entities secured a series of exclusive deals with the very same governments that Biden and Kerry were negotiating high-stakes deals with in their respective capacities as Vice President and Secretary of State.
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.
SECRET EMPIRES: Biden, Kerry Sons' Firm Struck Billion-Dollar Deal with Chinese Govt Days After VP Visit https://t.co/FEuhiOpXbU
— Tom Fitton (@TomFitton) March 15, 2018