“It’s a disgrace,” Trump said on May 20 in a Fox News interview, after agreeing that the Biden family’s links with the Chinese regime should be investigated.
The allegations, which relate to Biden’s son Hunter Biden, were first raised in the 2018 book “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends” by author Peter Schweizer.
In the book, Schweizer alleges a deal took place in 2013 between the now-defunct investment firm Rosemont Seneca Partners—co-founded by Hunter Biden—and the state-run Bank of China.
“In December of 2013, Hunter Biden flies on Air Force 2 to Beijing, China, with his father. His father meets with Chinese officials, he’s very soft on Beijing. The most important thing that happens, happens 10 days after they return,” Schweizer said in a March interview with the Fox News.
“And that’s when Hunter Biden’s small private equity firm called Rosemont Seneca Partners gets a $1 billion private equity deal with the Chinese government, not with a Chinese corporation, with the government.
“And what people need to realize is Hunter Biden has no background in China, he has no background in private equity, the deal he got in the Shanghai free-trade zone, nobody else had. Goldman Sachs, Bank of America, Blackstone, nobody had this deal.” read more