Hunter Biden, quite the capitalist. And Naval expert.
And while Hunter Biden had "no experience in China, and little in private equity," the Chinese government for some reason thought it would be a great idea to give his firm business opportunities instead of established global banks such as Morgan Stanley or Goldman Sachs.
Also in December 2014, a Chinese state-backed conglomerate called Gemini Investments Limited was negotiating and sealing deals with Hunter Biden’s Rosemont on several fronts. That month, it made a $34 million investment into a fund managed by Rosemont.
The following August, Rosemont Realty, another sister company of Rosemont Seneca, announced that Gemini Investments was buying a 75 percent stake in the company. The terms of the deal included a $3 billion commitment from the Chinese, who were eager to purchase new US properties. Shortly after the sale, Rosemont Realty was rechristened Gemini Rosemont.
Chinese executives lauded the deal. -New York Post
"Rosemont, with its comprehensive real-estate platform and superior performance history, was precisely the investment opportunity Gemini Investments was looking for in order to invest in the US real estate market," said Li Ming, chairman of Sino-Ocean Land Holdings Limited and Gemini Investments. "We look forward to a strong and successful partnership."
Three years later, a crack pipe, two DC driver's licenses and other paraphenelia would be found in a rental car Hunter Biden returned to an Arizona Hertz location in the middle of the night.
The morning after the car was dropped off, a phone number belonging to a renowned local "Colon Hydrotherapist" called the Hertz. The caller identified himself as "Joseph McGee," who told the employees that the keys were located in the gas cap as opposed to the drop box.
