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’s 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.
The Biden bombshell is just one of many to be revealed in the book Secret Empires which goes on sale March 20th.
John Kerry’s stepson Chris Heinz joined forces with Hunter Biden and Devon Archer a longtime Heinz and Kerry family friend, reports 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.
And just like that, over the course of seven years as Biden served as Vice President and John Kerry served as Secretary of State and negotiated high-stakes deals with foreign governments, Rosemont Entities magically secured a series of exclusive deals with those SAME FOREIGN GOVERNMENTS.
Former Vice President Joe Biden on Tuesday plans on reversing his earlier stance on China, acknowledging during remarks in Iowa he is “worried” about the communist nation’s economic and military rise.
Biden plans on telling Iowans, “We are in a competition with China,” and that “we need to get tough,” according to CNN.
The prepared remarks are a striking change in tone for the former vice president and former chairman of the Senate Foreign Relations Committee, who in his 2020 campaign has come under repeated criticism for dismissing China’s threat to the United States.