No. of Recommendations: 7
Here, they talk about whether Joe Biden was a "differentiating component" for Rosemont Seneca Technology Partners and if the Bidens were pursuing funding from China, with representative Biggs casting for the big fish...
Mr. Biggs: Did you or your partners design or seek to use political influence to help you raise capital or further your business?
Mr. Archer: I would -- can I answer it with a --
Mr. Biggs: Yes. Of course.
Mr. Archer: We would discuss having, you know, an understanding of D.C., and that was a differentiating component of us being able to raise capital. So we would -- it wasn't as, you know, specific as, okay, you know, just down to individuals or, you know, the Vice President's son. But, obviously, the brand carried. Because we'd say, you know, what gives you a unique advantage to start up Rosemont Seneca Technology Partners or Rosemont Realty? And that was just, you know, you're in a competitive environment out there trying to raise capital for various investment initiatives, and you would say, "Okay, well, we have a D.C. office." I mean, I think a lot of -- pretty much every, you know, bank and --
Mr. Biggs. Did you -- did you --
Mr. Archer: -- firm would do the same.
Mr. Biggs: I'm sorry. I didn't want to cut you short.
Mr. Archer: Yeah, no worries.
Mr. Biggs: Did you intimate ever that that would give you some kind of unique access, as you were meeting with clients or businesses, unique access because of the familial relationship that Hunter Biden had with his father, at that time the Vice President?
Mr. Archer: Yeah, again, I think I answered that in the same -- in -- before. Yes, we would say we had unique understanding of D.C. and how it operates and how that, you know, could positively reflect on the terms of our business. So, yes.
Mr. Biggs: Thank you.
QUESTION: Did Hunter Biden ever indicate to you that soliciting Chinese investments -- Chinese investments -- was important to his family, and particularly with reference to his father?
Mr. Archer: Soliciting Chinese investments in what regards? Raising capital for --
Mr. Biggs: Yeah.
Mr. Archer: So, with BHR, we weren't responsible -- we didn't have a fundraising capacity. We were out -- we were deal-sourcing for the initial -- that's what we're talking about generally, BHR? Or -- I don't have much -- I don't have anything --
Mr. Biggs: Yeah, I would say BHR.
Mr. Archer: Yeah. So BHR Partners, it was a cross-border fund -- you know, Bohai Sea Industrial Fund, Harvest. They were setting up a private equity fund, and they wanted to go out and buy -- you know, basically buy assets outside of China.
Mr. Biggs: But did --
Mr. Archer: So we didn't raise capital from the Chinese.
Mr. Biggs: Okay, but the crux of the question is, did Hunter Biden ever talk to you about how important that relationship with China was to his family, particularly to his father?
Mr. Archer: No, not -- not -- not specifically. No.
