Thursday, May 23, 2019

Inside the shady private equity firm run by Kerry and Biden's kids

One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt.

What Hunter Biden, the son of America's vice president, and Christopher Heinz, the stepson of the chairman of the Senate Committee on Foreign Relations, were creating was an international private equity firm.

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."

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.

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.

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.

For a small firm like Rosemont Seneca with no track record, it was an impressive level of access to China's largest financial players.

https://nypost.com/2018/03/15/inside-the-shady-private-equity-firm-run-by-kerry-and-bidens-kids/

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