Biden Transition Aide Helped Steer $3 Million to Hunter Biden’s Firm
Is Joe Biden really going to start his new administration with a major controversy? It does appear that is the case.
Everyone is keeping an eye out regarding who Joe Biden appoints and one of those appointments has already rung some bells for the connections the individual has to taxpayer money that was funneled to an investment involving Hunter Biden’s firm, Rosemont Seneca Technology (RST).
Meet Don Graves
Last week, Joe Biden tapped Don Graves as part of his transition team to advise him on financial regulation issues.
If the name sounds familiar, it should, because Graves worked in the Obama administration as the Deputy Assistant Secretary of the Treasury as well as an unofficial adviser to then-Vice President Joe Biden for domestic and economic policies. Graves also served as the Executive Director of Obama’s Council on Jobs and Competitiveness.
Graves, at the time, was in charge of a program called the State Small Business Credit Initiative, a program that shelled out more than $1.5 billion in taxpayer money to state economic development agencies.
Also during that time, RST was investing in a Hawaii-focused venture capital fund (mbloom). This investment also happened to be part of a partnership with RST and the state of Hawaii.
The investment called for RST to put up $5 million and the Hawaii Strategic Development Corporation (HSDC) to match their investment. What most people don’t realize, however, is that 60 percent, or $3 million, of the HSDC investment came from the State Small Business Credit Initiative.
Any Comment, Joe?
Joe Biden has always maintained that he knew nothing of Hunter Biden’s business interests, but the more we dig, the more likely it is that Joe Biden was lying.
At least one whistleblower has come forward claiming that is not true and that he has direct knowledge that Joe Biden was serving as sort of a “Godfather” figure over Hunter’s business dealings. That man is Tony Bobulinski. Other than Tucker Carlson and a few opinion hosts on Fox News, that story has been buried.
This, however, shines a new light on the matter, as it is rather hard to comprehend that someone so close to Joe Biden would not at least discuss millions of dollars of taxpayer money being distributed into an investment scheme that involved then-Vice President Joe Biden’s son.
Joe Biden and his campaign, of course, have refused to comment on the matter and based on how the mainstream media treats Joe these days, we would not expect him to be pressed on it anytime soon.