Author Peter Schweizer’s new book, Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends, reveals how Hunter Biden secured a billion-dollar deal with Chinese investors ten days after his father, then-Vice President Joe Biden, visited China in 2013.
Breitbart News reported:
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.
Appearing on Fox News Thursday evening, former deputy assistant to President Donald Trump, Dr. Sebastian Gorka, said he believes the agreement is a massive scandal.
DR. GORKA: “The stepson of John Kerry, the son of Joseph Biden, when they were cabinet members of the Obama administration, create a new investment fund… then inked a billion-dollar deal with the Chinese government — the Bank of China. Then, together they proceeded… to buy a U.S. manufacturing company called Henniges, making very sensitive equipment — crucial to our American military here at home. This, look, I am very rarely at a loss for words Stuart, but this is potentially one of the biggest pay-for-play scandals we have ever seen outside of Uranium One.”