John Kerry tied to controversial Bain Capital investment

The New York Times reported today that a fund operated by Bain Capital, the Boston-based private equity firm founded by Mitt Romney, has invested in a Chinese company that provides equipment for government efforts to monitor Chinese citizens at religious institutions, university campuses, and other venues.

Romney, it turns out, isn’t the only prominent American politician connected with that controversial investment: Former Democratic presidential candidate John Kerry, who now chairs the Senate Foreign Relations Committee, reported more money than Romney invested in the same fund on his most recent Senate disclosure form.

The funds, Kerry staffers say, were actually invested by his wife, Teresa Heinz Kerry, widow of former Pennsylvania Sen. John Heinz III, sole heir to the Heinz ketchup and food fortune.

“This isn’t Senator Kerry’s investment,” said Kerry spokeswoman Jodi Seth. “He is not and never has been a beneficiary of his wife’s trusts, which were established before they knew each other, and are controlled by independent trustees.”

Kerry Led Outsourcing Trade Mission to China.

John Kerry, who has made opposition to corporate outsourcing of U.S. jobs to places like China a major part of his presidential campaign, appears to have had major involvement with a Boston, Massachusetts company specializing in outsourcing of U.S. manufacturing and jobs.

During the late 1990's, Kerry led at least one of the company's outsourcing trade missions to China, appearing for photos at a banquet in Beijing with representatives of Boston Capital & Technology and unidentified Chinese trade representatives. The exact date of the trip is not given on the company website but appears to have taken place between 1996 and 1998.

Some of the projects undertaken by Boston Capital & Technology include setting up tool & die manufacturing in China, high technology transfers to Chinese telecommunication companies and transfer of highly specialized commercial software utilized in computer aided manufacturing. The company also set up manufacturing in China for an infant gifts company with 12,000 U.S. retail outlets and manufacturing for a company supplying the US home healthcare market...(more at link).

Boston Capital & Technology

Is Paul Marcus connected to Bain?

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