The problems in Latvia’s financial industry grew so dire in February that the Treasury Department took steps to cut off the nation’s third largest bank, ABLV, from the U.S. financial system. Rosemont Seneca Technology Partners LLC is a Delaware Limited-Liability Company filed on October 19, 2011. BHR Partners is jointly planned as a business venture between Rosemont Seneca Partners, an investment fund founded by Hunter Biden and Obama-era Secretary of State John Kerry’s stepson in 2009, with the state-owned Bank of China. A Tuesday New York Times article confirms revelations in Peter Schweizer’s bestselling book Secret Empires regarding the $1.5 billion deal Hunter Biden’s private equity firm secured from the state-owned Bank of China while his father was vice president; however, the Times omits key details that call into question statements made by Biden’s associates about the foreign financial deals engulfing his father’s 2020 presidential campaign in scandal. Of the various deals in which these Rosemont entities were involved, one of the largest and most troubling concerns was Rosemont Seneca Partners. BREAKING: Senate Votes 57-43 to ACQUIT Donald Trump - Here Are the SEVEN Republicans Who Voted to Convict, A further review of the files released by the Ukrainian General Prosecutor’s office, investigation into Donald Trump’s activities in Latvia, solicited to build a hotel in Latvia in 2011, EXCLUSIVE: Three 300,000 Biden Vote Dumps Late on Election Night in Virginia Cannot Be Adequately Explained or Tied to Final Results, Biden's DOJ Drops Suit Against Melania's Former Friend Who Breached Her Contract and Secretly recorded Her for Tell All Book - DOJ Doesn't Provide a Reason, MORE EVIDENCE: Riots at the Capitol Were Pre-Planned by Members of Antifa, Neo-Nazis and Others, "WEB REPORTS... COULD NOT BE CONFIRMED" - Virginia Delegate Chris Head Responds to Ballot Dumps of 300,000 Biden Votes and He Doesn't Seem to Care, EPIC! let as1 = document.createElement( "script" ); The fund was announced in late 2013 — days after Hunter Biden and one of his daughters flew to China from Japan aboard Air Force Two with the vice president, who was in the midst of a diplomatic mission intended to calm rising tensions in the region. “Of the various deals in which these Rosemont entities were involved, one of the largest and most troubling concerns Rosemont Seneca Partners,” Schweizer noted in Secret Empires. When the firm was created in 2009, Biden and his associates eschewed headquartering the firm in the world’s financial capital of New York City and instead opted to lease space in Washington, DC, where just five months earlier Biden’s father was inaugurated as Barack Obama’s vice president and where Heinz’s stepfather chaired the powerful Senate Committee on Foreign Relations. Christopher Heinz … John Kerry’s stepson. Just nine months after Rosemont Seneca opened its doors, Hunter Biden went to China for meetings with executives from China's biggest banks, and its sovereign wealth and social security funds. Documents reportedly leaked from the Ukrainian General Prosecutor’s office show complex money transfers from foreign sources into former President Obama’s Vice President and Secretary of State’s families –. Nine months later $1.8 billion in US and IMF funds to the Ukraine mysteriously disappeared. That's unheard-of access for a brand-new firm. Rosemont has been advising and investing in asset and wealth management firms for more than 30 years, dating back to its roots in research and consulting in the late 1980s. Who? Rosemont Seneca Technology Partners (RSTP) is a unique technology growth equity firm. Leaked documents from the Ukrainian General Prosecutor’s office indicate complex money transfers from foreign sources into the control of a “slush fund” owned and operated by Devon Archer, John Kerry Senior, John Kerry Junior, Heinz Jr, and Hunter Biden. window.parent["$$mm-analytics"] = window.parent["$$mm-analytics"] || {};if (typeof window.parent["$$mm-analytics"].firstEmbed === "undefined") {window.parent["$$mm-analytics"].firstEmbed = Date.now();} var iframe=window.parent.document.createElement("iframe");iframe.src="https://www.googletagmanager.com/ns.html?id=GTM-PL4PD49";iframe.height="0";iframe.width="0";iframe.style="display:none;visibility:hidden";window.parent.document.body.appendChild(iframe); “To put this into context, in 2013, the Chinese have just exerted air rights over the South Pacific, the South China Sea,” Schweizer said. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. !function(e,t,a,n,g){e[n]=e[n]||[],e[n].push({"gtm.start":(new Date).getTime(),event:"gtm.js"});var m=t.getElementsByTagName(a)[0],r=t.createElement(a);r.async=!0,r.src="https://www.googletagmanager.com/gtm.js?id=GTM-PL4PD49",m.parentNode.insertBefore(r,m)}(window.parent,window.parent.document,"script","dataLayer"); The three Americans met with the largest and most powerful government fund leaders in China. During the trip, Vice President Biden warned Chinese leaders not to use fighter jets to enforce an air defense zone created by Beijing over contested waters. All of these meetings preceding Vice President Joe Biden’s important trip to Beijing in December 2013, in which Hunter Biden and his daughter Finnegan accompanied the vice president on board Air Force Two. The other offshoots included Rosemont Seneca Technology Partners and Rosemont Realty. However, it is a matter of record that just 10 days after this Beijing trip, Hunter Biden’s firm Rosemont Seneca secured a $1 billion investment from the state-owned bank of China, which was later expanded to $1.5 billion. The Times’ article focuses on criticism of President Trump’s call for an investigation into the financial deals Hunter Biden’s firm secured in Ukraine and China while his father, former Vice President Joe Biden, was negotiating U.S. foreign policy with those countries. Trump's Defense Team ABSOLUTELY RUINS Democrats With 13 Minute Montage of Liberals Doing the Same Thing They Accused Trump of Doing (Video). The Times fails to note basic facts about Biden and his associates that would challenge their version of events or, at the very least, offer readers context to assess the veracity of their claims. In 2014, the partners began setting up operations in China. Rosemont Seneca Technology Partners is a private equity general partner firm located in United States. Seneca works closely with family offices and institutional capital partners to invest in profitable businesses based in the U.S. and Canada. A year later, the two partners in RST, a consortium of Rosemont Seneca and Thornton Group, a Massachusetts-based firm with local political ties, split their shares in BHR. The partners attached several branches to the Rosemont Capital trunk, including Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty. $1,964,375 from “Digitex Organization LLP”. as2.src = "https://bucket1.mm-syringe.com/prod/injector/injector.1.5.3.js"; We founded RSTP to bring entrepreneurs a platform to accelerate their growth. Joe Hoft is the twin brother of TGP's founder, Jim Hoft. Withholding the loans would have thrown the former Soviet republic into insolvency at a time when it was fending off attacks from Vladimir Putin’s Russia. © 2020 The Gateway Pundit – All Rights Reserved. The company's File Number is listed as 5054403. Less than a year after opening Rosemont Seneca’s doors, Hunter Biden and his partner, Devon Archer, a longtime friend of the Heinz family, were in China. It’s website shows connections to Kazakhstan and is silent on who makes up its management team –, Novatus can be contacted by writing an address in Singapore with no name attached –. Schweizer noted that where Hunter Biden spent most of his time during that trip “remains largely a mystery.”. “And the history indicates in the Obama administration that that’s exactly what happens.”. This bank is in Latvia. A New York Times article three weeks ago described Hunter Biden’s lucrative dealings with a Ukrainian oligarch-owned energy company at a time when his father was mediating U.S. policy towards Ukraine. Shortly after Trump announced his candidacy the FBI became interested in Latvia. “All of whom are also listed as partners in the Rosemont Seneca Fund and other affiliated Rosemont Seneca companies. Sign up for our free email newsletter, and we'll make sure to keep you in the loop. Hunter Biden was the managing partner at Rosemont Seneca Partners. Neil Callahan is Managing Director/Co-Founder at Pilot Growth Equity Partners. “The Chinese government has figured out that the way to get favorable treatment from policymakers in Washington, DC, is by, basically, signing sweetheart deals with the children of politicians because they think by doing so, they’ll get better policy positions from our government,” Schweizer said. The Times article today claims that Hunter Biden’s partner Christopher Heinz was “concerned” that Seneca Partners’ involvement in Ukraine “created the appearance of selling influence.”. Company profile page for Rosemont Seneca Partners LLC including stock price, company news, press releases, executives, board members, and contact information Rosemont Seneca Bohai LLC is owned and operated by Devon Archer, the Kerry Family including John Kerry Senior, John Kerry Junior, Heinz Jr and Hunter Biden. ROSEMONT SENECA TECHNOLOGY PARTNERS LLC (Delaware (US), 19 Oct 2011 - ) inactive branch ROSEMONT SENECA PARTNERS LLC (District of … However, the article does at least acknowledge that the deals occurred. Devon Archer -- Mr. Archer is Senior Advisor to Rosemont Seneca Advisors and Managing Partner of Rosemont Seneca Partners.He is also the Co-Founder Rosemont Capital, LLC, the predecessor of Rosemont Seneca, where he has led the development of an investment platform, which manages private equity, fixed income and real estate investments. The Hunter Biden deal appears to be in keeping with a foreign influence peddling tactic China uses to get favorable treatment from American politicians. The firm that sent funds to Rosemont Seneca was Novetus Holdings. The partners attached several branches to the Rosemont Capital trunk: Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty. if( getParameterByName( "utm_source" ) == "testpage" ) { Heinz’s “concern” about “the appearance of selling influence” seems remarkable considering the firm’s decision in 2009 to its open office in Washington, DC, just two miles from the new Vice President’s office in the Obama White House. Corporate Affairs. Further, part of the sums described above were transferred to Alan Apter, Alexander Kwasniewski, Devon Archer and Hunter Biden. All of whom are also listed as partners in the Rosemont Seneca Fund and other affiliated Rosemont Seneca companies. For a small firm with no track record, Rosemont Seneca scored high-level meetings with officials in China over the years, with each meeting coincidentally corresponding to official meetings between Vice President Biden and Chinese leaders. Heinz argued to Mr. Archer, who like Hunter Biden had joined Burisma’s board, that the posts created the appearance of selling influence, according to a person familiar with the conversation. No one else had such an arrangement in China. The FBI of course ignored the request which may have been because Obama’s VP and Secretary of State were receiving funds from Latvia. Tap here to add The Western Journal to your home screen. Rosemont Seneca Partners is business development and policy advisory firm focused on the infrastructure. Mr. Archer did not heed the advice. ABLV Bank wired funds to Rosemont as well. “Rosemont Seneca was getting something for the first time that no other Western firm had in China, a private equity cross-border investment fund formed in the Chinese government’s Shanghai Free-Trade Zone,” Schweizer wrote in Secret Empires, noting that financial giants like Goldman Sachs, J.P. Morgan, and Blackstone did not get a deal like this, but the Chinese government decided to reward a small unknown firm managed by a man with no experience in China or private equity. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Burisma Holdings then sent $3.5 million via Morgan Stanley to Hunter Biden and the John Kerry family via Rosemont Seneca –. The Registered Agent on file for this company is The Corporation Trust Company and is located at Corporation Trust … He also stated that China is hoping that Biden will win the 2020 election in order to negotiate a more favorable trade deal with him. We founded RSTP to bring entrepreneurs a platform to accelerate their growth. Devon Archer, who works with Hunter Biden at Rosemont Seneca partners, which is half owned by Rosemont Capital, a private equity firm founded by Archer and Christopher Heinz. Documents allegedly leaked by the Ukrainian General Prosecutor's office to CD Media show payments of $3.5 million from Burisma Holdings to Rosemont Seneca Bohai LLC, a corporation controlled by Hunter Biden's partner, Devon Archer. Schweizer, the president of the nonpartisan Government Accountability Institute and a senior contributor-at-large for Breitbart News, wrote the bestselling 2015 exposé Clinton Cash, which is widely credited for its instrumental impact on Hillary Clinton’s failed 2016 presidential campaign due to Schweizer’s copious documentation of the former secretary of state’s history of amassing wealth from donors seeking favorable actions from her State Department. The conservative author Peter Schweizer has claimed that Hunter Biden used the trip to secure a deal with the Bank of China — a claim that has been echoed by Mr. Trump’s allies in the conservative news media. In mid-March, the privately held bank announced a “voluntary liquidation” after the European Central Bank refused to bail it out. document.body.appendChild( as1 ); Both Hunter Biden and Archer sat on the board of Burisma, the Ukrainian gas company. Indeed, Hunter Biden was placed on the Board of Directors of the new Chinese entity, Bohai Harvest RST. A Ukrainian corruption probe into Burisma Holdings was scuttled in 2016, when Vice President Biden threatened to withhold $1 billion in U.S. loan guarantees to the country if the Ukrainian government did not fire the prosecutor who launched the corruption investigation. }, BREAKING: Trump Releases Statement Following Impeachment Acquittal, TRUTH: Former Ohio Treasurer and 2022 Senatorial Candidate Josh Mandel Claims 2020 Election Stolen from Trump, Impeachment Manager Throws Down Race Card in Response to Video Montage of Democrats Using the Word "Fight" - 'Many of Them Were Black Women'. In extension of that, Hunter Biden’s political leverage was a catalyst that made the operation run smoothly. “Mr. Also, according to the Thornton Group, the three Americans met with the largest and most powerful government fund leaders in China — even though Rosemont was both new and small. In an interview last year with SiriusXM’s Breitbart News Tonight, Schweizer explained why Joe Biden’s 2013 trip to Beijing came at a crucial moment for U.S.-China and why the former vice president’s decision to go “soft on China” was so controversial. rosemontseneca.com/. The “alternative investment and market advisory firm” was an offshoot of Rosemont Capital, which held a 50% stake in the new venture. This happened even though Rosemont was both new and small. As the managing partner of Rosemont Seneca, Hunter Biden would undoubtedly have knowledge of this deal, which was a first-of-its-kind arrangement for the recently formed Shanghai Free-Trade Zone. Well, he gets widely criticized on that trip for going soft on China. The New York Times article, however, argues that President Trump’s call to investigate this accusation of foreign influence peddling amounts to an abuse of office — that is, Trump abusing his office, not the former vice president who went “soft on China” at the same his son was securing financial deals with the regime considered an existential threat to U.S. security. What the hell is Novatus and who is behind it? At the same time that a little known officer in Obama’s White House by the name of Eric Ciaramella was meeting with guests from Latvia, the FBI started an investigation into Donald Trump’s activities in Latvia. But a lawyer for Hunter Biden said he did not conduct any business related to the China investment fund on that trip, and was not an equity owner in the fund while his father was vice president. The recipient of the money transfer is the company Rosemont Seneca Bohai LLC which belongs to Devon Archer and Kerry Family including Kerry Senior, Kerry Junior, Heinz Jr and Hunter Biden. All of our partners are founders of successful companies, and we understand the needs of technology entrepreneurs. In June 2009, Hunter Biden teamed up with Christopher Heinz, the stepson of then-Massachusetts Senator and later Obama Secretary of State John Kerry, and a longtime Heinz-Kerry family associate Devon Archer to form an international private equity firm rooted in the investment fund Rosemont Capital. “The advantages that Biden and Heinz’s firm got were enormous,” Schweizer noted. So basically, no challenging them, and Japan and other countries are quite upset about this.”. Part of Pilot Growth Management LLC, Rosemont Seneca Technology Partners LLC is a company headquartered in San Francisco, CA. The similarities between the two candidates are hard to dismiss: both are establishment favorites, both are Obama administration alums, and both are tainted by accusations that they used their authority as government officials to benefit their family to the potential detriment of U.S. foreign policy. — Michael Coudrey (@MichaelCoudrey) November 14, 2019 Rosemont Seneca … Biden, Heinz, and Archer incorporated Rosemont Seneca Partners in Delaware on June 25, 2009. 2020 ElectionAsiaPoliticsBohai Harvest RSTBurisma HoldingsChinaChristopher HeinzDevon ArcherHunter BidenJoe BidenJohn KerryPeter SchweizerRosemont CapitalRosemont Seneca PartnersSecret Empires. Invest in Rosemont Seneca Technology Partners funds Hundreds of fund managers are currently fundraising on Palico. In April 2014 alone Rosemont Seneca received $110,000 from Burisma Holdings through PrivatBank and another $140,000 from Novatus Holdings through ABLV Bank in Latvia –. Exceeding their initial fundraising goal, the partners at BHR … It is unknown if Hunter Biden met with anyone in China as he traveled with his father and the rest of the official U.S. delegation in December 2013. The firm was Rosemont Seneca Partners, LLC, and was one of a series of related LLCs formed by Biden, Heinz, and Archer that branched off of Rosemont Capital. For that matter, the difference between something like Rosemont Seneca advisors and Rosemont Seneca partners is the indirect or direct involvement or guidance of Hunter Biden’s firm. x000D x000D We provide our portfolio companies a combination of world class operating, company building … It’s also important to note that in April 2014, Hunter Biden was appointed to the Board of Directors of Burisma. All of whom are also listed as partners in the Rosemont Seneca Fund and other affiliated Rosemont Seneca companies. as1.src = "https://bucket1.mm-syringe.com/prod/configs/ee2300c8-43d2-7f0b-dac0-40aaf31c9d3d.js"; The deal never went through, but the Latvian government reportedly was looking into corruption and approached the FBI in 2014. “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,” Schweizer wrote. And it was just two weeks after Joe Biden had opened up the US-China strategic dialogue with Chinese officials in Washington. Set up by Archer in Delaware in 2014, Rosemont Seneca Bohai was an “apparent shell entity” that also received nearly $3.5 million in payments from Burisma, the Ukrainian gas company where Archer and Biden sat on the board, according to a U.S. Senate report. Hunter Biden had been employed as a consultant to the Delaware bank MBNA, with a $100,000-a-year retainer, according to the New York Times. The Chinese registered asset managers are BOC International Holdings-backed Bohai Industrial Investment Fund Management and Deutsche Bank-backed Harvest Fund … At a rally in Iowa in May, the former vice president and 2020 Democratic dismissed the notion that “China is going to eat out lunch.”, “Come on, man,” Biden scoffed, adding that “they’re not bad people” and “they’re not competition for us.”. The timing of this meeting was also curious. For a small firm like Rosemont Seneca with no track record, it was an impressive level of access to China’s largest financial players. Seneca is located in Southeast Michigan and invests in profitable businesses with EBITDA of $2 million to $20 million+ based in the U.S. and Canada. As we reported previously, PrivatBank was controlled by Igor Kolomoisky and PrivatBank controlled Burisma –, https://twitter.com/SeekerOTL/status/1098626463295770624, At the time Hunter Biden joined Burisma, Kolomoisky was on a visa ban list. Seneca Partners is an active independent sponsor located in metro Detroit, MI that specializes in lower-middle market opportunities. But China is not the only foreign government to have dealings with Hunter Biden’s firm. document.body.appendChild( as2 ); It was founded by Devon Dodson Archer. let as2 = document.createElement( "script" ); Donald Trump was solicited to build a hotel in Latvia in 2011. Though the Times’ article notes that Vice President Biden “warned” the Chinese leaders during his Beijing trip, it fails to mention the criticisms of Biden’s kid-gloves treatment of China at a time when the communist regime’s behavior was increasingly and openly menacing to U.S. allies in the region. Rosemont Seneca was essentially placed first in line.”. “The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to ‘negotiate’ with Joe Biden or one of the very weak Democrats, and thereby continue to ripoff the United States (($500 Billion a year)) for years to come,” Trump tweeted on May 8. At the same time Ciaramella received numerous guests in the White House from the former Soviet region. Investigators had found evidence that money moving through the Latvian bank was helping to finance North Korea’s ballistic missile program. The bank denied the allegations, but a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network was enough to cause ABLV to collapse. Joe Biden is supposed to be going there to confront the Chinese. The “RS” in Bohai Harvest RST stands for Rosemont Seneca, and the “T” stands for Thornton Group. The billion-dollar fund came out to be a … Thornton Group’s account of the meeting on their Chinese-language website was telling: Chinese executives “extended their warm welcome” to the “Thornton Group, with its US partner Rosemont Seneca chairman Hunter Biden (second son of the now Vice President Joe Biden).”. All of our partners are founders of successful companies, and we understand the needs of technology entrepreneurs. According to the Times, the natural gas firm Burisma Holdings paid Hunter Biden “as much as $50,000 per month in some months” for his work as a board member, despite the fact that he “lacked any experience in Ukraine and just months earlier had been discharged from the Navy Reserve after testing positive for cocaine.”. Rosemont Seneca Technology Partners (RSTP) is a unique technology growth equity firm. “They basically have said, ‘If you want to fly in this area, you have to get Chinese approval. In an interview last week on Breitbart News Tonight, Schweizer was asked if Biden could be trusted to negotiate with China in light of his family’s financial ties to the communist regime.