The troubling reason why Biden is so soft on China
—Peter Schweizer, New York Post, May 11, 2020In 2013, then-Vice President Joe Biden and his son Hunter Biden flew aboard Air Force Two to China. Less than two weeks later, Hunter Biden’s firm inked a $1 billion private equity deal with a subsidiary of the Chinese government’s Bank of China. The deal was later expanded to $1.5 billion.
In short, the Chinese government funded a business that it co-owned along with the son of a sitting vice president.
If it sounds shocking that a vice president would shape US-China policy as his son — who has scant experience in private equity — clinched a coveted billion-dollar deal with an arm of the Chinese government, that’s because it is. ...”
Without the aid of subpoena power, here’s what we know. The businesses of Hunter Biden and his partners created a series of LLCs involved in multibillion-dollar private equity deals with companies owned by the Chinese government.
The centerpiece of these deals is Rosemont Seneca Partners, an investment firm controlled by Hunter Biden and his associates: Chris Heinz, who is John Kerry’s stepson, and Heinz’s longtime associate Devon Archer. The trio founded Rosemont Seneca in 2009 and quickly began making deals through a series of overlapping entities under the Rosemont name. ...”
Less than a year after opening Rosemont Seneca’s doors, Hunter Biden and Archer were in China meeting with top Chinese officials. ...”
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Re: Devon Archer
Wall Street Journal, Oct 9, 2020...
Judges Revive Conviction of Hunter Biden’s Ex-Business Partner
Devon Archer to be sentenced on securities fraud and conspiracy charges.A federal appeals court reinstated the conviction of a former business associate of Hunter Biden on securities fraud and conspiracy charges, ruling a lower-court judge erred last year in vacating a jury’s verdict. ...”
Devon Archer, ‘knew at least the general nature and extent of the scheme and intended to bring about its success,’ the judges ruled. ...”
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Devon Archer (left), Joe and Hunter (on right)
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In the 2014 photo, Joe Biden and his son, Hunter, are seen golfing with Ukraine gas company executive, Devon Archer, in the Hamptons
At the time, Archer and Hunter served on board of Ukraine’s Burisma Holdings
The photo emerged just a week after it was revealed that President Donald Trump prodded Ukraine’s president to help him investigate Biden
Trump lawyer Rudy Giuliani has urged Ukrainian officials to investigate Bidens
Biden has accused Trump of trying to ‘hijack’ the campaign with unfounded assertions that he and Hunter had corrupt dealings in Ukrainian business
Earlier this month, Biden denied speaking to his son about his overseas dealings
But Hunter said the opposite in July, claiming he had spoken to his father ‘just once’ about his work in Ukraine"
