REBECCA MANSOUR4 May 2019

A $1.5 billion sweetheart deal Hunter Biden’s private equity firm secured from the state-owned Bank of China is “looming on the horizon” as a potential line of attack against his father’s 2020 presidential campaign, according to Vanity Fair’s Tina Nguyen.

This comes days after a New York Times article renewed interest in the revelations exposed in Peter Schweizer’s 2018 bestseller Secret Empires concerning the sweetheart deals Hunter Biden’s private equity firm secured while his father, Joe Biden, was vice president.

Past speculation about Biden family drama has centered on Hunter’s documented struggle with drug use and his recently ended relationship with his late brother’s widow. But the bigger threat might actually be Hunter’s past business enterprises. Already, there’s another attack line looming on the horizon: in his latest book, Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends, Breitbart editor-at-large Peter Schweizer describes how a private-equity firm managed by Hunter Biden, Rosemont Seneca Partners LLC, negotiated a $1.5 billion investment deal with the state-owned Bank of China at the same time that his father, then the vice president, was conducting high-level diplomacy with Beijing. (On one of his trips, Hunter allegedly made use of Air Force Two.) Whether or not the Chinese hoped to curry favor with Hunter’s father, Trump allies are sure to make note of the issue, especially given Joe Biden’s controversial remark this week downplaying China as an economic competitor. (A spokesman for Hunter Biden disputed Schweizer’s claims to the Journal.)

In a March interview with Fox News Channel’s Laura Ingraham, Peter Schweizer explained the troubling circumstances surrounding Hunter Biden’s lucrative deal with the Chinese government at a time when his father was negotiating U.S. policy with the regime.

“In December of 2013, Hunter Biden flies on Air Force 2 to Beijing, China, with his father,” Schweizer said. “His father meets with Chinese officials, he’s very soft on Beijing. The most important thing that happens [is] 10 days after they return. 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 the 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.”

“There’s no question when you chart what Joe Biden is doing with China — the meetings he’s having and the deals that his son is procuring at the same time — that they are buying off Biden through his son. I think it’s crystal clear,” Schweizer added.