As Biden and Kerry Went Soft on China, Sons Made Nuclear, Military Business Deals with Chinese Gov't
In 2013 and 2014, China embarked on an aggressive air and island campaign to dominate the South China Sea, much to the dismay of Japan and other countries in the region. When Vice President Joe Biden visited the country in 2013, he emphasized trade between the U.S. and China and did not focus on the South China Sea. Secretary of State John Kerry did the same in 2014.
Meanwhile, Biden's son Hunter and Kerry's stepson Chris Heinz carried out massive business deals with Chinese officials and the state-owned Bank of China. Worse, Hunter Biden and Chris Heinz even invested in a Chinese nuclear company under FBI investigation.
"During a critical eighteen-month period of diplomatic negotiations between Washington and Beijing, the Biden and Kerry families and friends pocketed major cash from companies connected to the Chinese government," Peter Schweizer writes in his new book "Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends."
Schweizer's book delves into the ways in which "American Princelings" profit at home and abroad from the economic and diplomatic policies of high-ranking U.S. officials. With former Vice President Biden rumored to be considering a 2020 presidential run, the scandals surrounding how his diplomatic efforts enriched his son take on renewed importance. His role in abetting China's aggression for family gain seems particularly damning.
When Biden became the vice president in 2009, his son Hunter Biden "became a social fixture in Washington," Schweizer explains. In the summer of 2009, the VP's son joined forces with Chris Heinz, a wealthy heir to the late Senator John Heinz, whose wife Teresa married Senator John Kerry (D-Mass.). The two formed Rosemont Capital, an alternative investment firm "positioned to strike profitable deals overseas with foreign governments and officials with whom the U.S. government was negotiating."
Devon Archer, Chris Heinz's roommate at Yale and star fundraiser for John Kerry's 2004 presidential run, joined the American Princelings at Rosemont. Federal agents would later arrest Archer in May 2016 for defrauding a Native American tribe in an effort to enrich a branch of Rosemont Capital, Rosemont Seneca Bohai.
The American Princelings set up Rosemont Capital as an alternative investment fund of the Heinz Family Office, and attached several branches to it, including Rosemont Seneca Partners and Rosemont Realty.
When Vice President Biden went to China in December 2013 amid the South China Sea aggression, his son Hunter went with him. Hunter Biden was negotiating a major deal between Rosemont Seneca and the state-owned Bank of China. As the vice president discussed China's trade with the United States, his son was putting these economic ties into practice, and the U.S. effectively caved in the conflict over the South China Sea.