New Revelations Shed Light on Eric Schwerin’s Role in Expanding Hunter Biden’s Enterprise in China
In the wake of Devon Archer’s explosive congressional interview last week, in which he implicated President Biden in his son’s business affairs, attention is now shifting to Eric Schwerin, a longstanding business partner of Hunter Biden. Schwerin’s pivotal role in Hunter’s endeavors to expand his business footprint in China is coming under scrutiny.
Schwerin, a founding partner and managing director of Hunter’s now-dissolved firm Rosemont Seneca Partners, is believed to possess intricate insights into the Biden family’s business dealings, even more so than Devon Archer. The revelations come as Archer’s testimony stirred controversy about President Biden’s alleged involvement in his son’s business pursuits.
At the heart of this unfolding saga is Eric Schwerin, who was an instrumental force behind Hunter’s expansion into China through Rosemont Seneca Partners. His connection with the Biden family runs deep, marked by his appointment to the Commission for the Preservation of America’s Heritage Abroad by then-President Obama in early 2015. In an email dated March 13, 2015, Hunter disclosed, “Eric asked for one of these the day after the election in 2008,” shedding light on Schwerin’s involvement in government affairs.
With at least 36 visits to the White House and the vice presidential residence during the Obama-Biden administration, Schwerin’s ties with the Biden family are profound. Hunter’s ex-wife, Kathleen Buhle, who was married to the president’s son from 1993 to 2017, attested that Schwerin managed nearly every facet of their financial life.
Hunter Biden’s own acknowledgments highlight Schwerin’s significance. In a February 2014 email, he referred to Schwerin as a “close confidant and counsel” to his father, Joe Biden. Their financial discussions were a recurring theme in their communications.
Described as the “money guy” in Hunter’s dealings by Peter Schweizer, the president of Government Accountability Institute, Schwerin played a pivotal role in the financial structuring of the enterprise. In fact, as recently as March 2017, Schwerin’s Rosemont Seneca Advisors retained a stake in a company linked to a Chinese executive with ties to high-ranking members of the Communist Party of China (CCP).
One email, dated March 2017, provided a breakdown of Rosemont Seneca Advisors’ ownership interests, including stakes in Harves Amusement Parks and Harves Sports and Entertainment. These affiliations raised eyebrows due to their connections with China’s state-owned China Development Bank.
Schwerin’s correspondence also reveals his involvement in efforts to foster business relationships between Hunter Biden and Chinese entities. Emails from 2015 reveal his coordination of meetings with key figures in China’s business landscape, such as Bo Zhang, the founder and CEO of Harves Investment Group. Zhang’s ties to the CCP and his role in building a basketball entertainment empire captured Schwerin’s attention.
The partnership between Harves and the NBA, announced in November 2020, further illustrates Schwerin’s role in facilitating business ventures between Hunter Biden and China. The joint press release detailed plans for NBA-themed entertainment centers across China, aligning with Zhang’s vision of bringing global entertainment experiences to local populations.
The timeline also features Schwerin’s introduction of Hunter to CEFC China Energy in 2015, a Chinese energy company. Emails exchanged between them reveal discussions about potential business ventures involving CITIC, a Chinese state-owned company, including the prospect of a Universal Studios China theme park outside of Beijing.
Throughout these developments, Schwerin remained central to Hunter’s efforts. He organized meetings, exchanged emails, and played a vital role in cultivating business relationships between the Bidens and Chinese entities.
As new revelations continue to surface, questions about Schwerin’s role in the Biden family’s business dealings persist. The intricate web of connections, financial negotiations, and international partnerships has cast a spotlight on the shadowy world of business ventures involving the Bidens and China.
Schwerin’s involvement and his connections to both the Biden family and Chinese entities have raised concerns about potential conflicts of interest, business ethics, and the extent to which political influence may have played a role in these arrangements. Despite repeated attempts to obtain his comments, Eric Schwerin has remained silent on the matter.