The News is Getting Worse for Hunter Biden…
The news just keeps getting worse and worse for President Biden’s son, Hunter Biden. It was recently reported that Hunter Biden’s real estate business, Rosemont Realty, once allegedly received a $40 million investment from a company that was owned by Yelena Baturina, a Russian oligarch.
The Daily Mail made the first report of this business connection between Hunter and Baturina and suggested that their interaction started much earlier than previously believes.
In 2009, Hunter co-founded Rosemont Seneca Partners with political advisers Devon Archer and Chris Heinz. Heinz is the stepson of former Secretary of State John Kerry, and Archer has been the subject of disgrace.
Three years after they founded the company, the reality company was started with basically the same employees including Hunter and Archer. They began to purchase real estate in seven states for hundreds of millions of dollars.
According to the Daily Mail, Baturina’s company, INTECO Management AG, invested $40 million in that project.
Baturina has never publically discussed that investment, but a brother, Viktor Baturin, described it as “a payment to enter the American market.”
The INTECO company is based in Switzerland and it is a plastics and construction company. It has been so prosperous that it turned Baturina into the richest woman in Russia. She is currently worth $1.4 billion, according to Forbes. Baturina was married to Yury Luzhkov during his time as mayor of Moscow, from 1992 until he died in 2019.
In the Daily Mail report, there are screenshots of emails that seem to confirm INTECO’s investment with Rosemont Realty. In one email dated May 2012, Archer contacted Kazakhstani businessman Kenes Rakishev and invited him to join in the major real estate venture as well.
“This is a deal we’re closing next month and it’s just too attractive not to share,” Archer reportedly wrote to Rakishev.
“Inteco, who I know you know, is taking a significant equity piece,” Archer added.