Paul Sperry
paulsperry_
1/4 Hunter cofounded Rosemont Seneca in 2009--5 months after his father moved into the WH--and incorporated it in his father’s home state of Del. for its strict corporate secrecy rules. At the time, Obama had tapped Biden to oversee the financial crisis...Three weeks after Rosemont was incorporated, Hunter set up a subsidiary called Rosemont TALF and scored $24 mil in loans from the federal program, Term Asset-Backed Securities Loan Facility. TALF was designed to bail out banks and auto lenders hit by the financial crisis ...Within months, Hunter's Rosemont had secured a total of $130 million from the TALF program. Some of the government cash was then funneled into an investment fund incorporated in the Cayman Islands, SEC records show. Such offshore accounts are commonly used to evade taxes .
cont. in comments
paulsperry_
1/4 Hunter cofounded Rosemont Seneca in 2009--5 months after his father moved into the WH--and incorporated it in his father’s home state of Del. for its strict corporate secrecy rules. At the time, Obama had tapped Biden to oversee the financial crisis...Three weeks after Rosemont was incorporated, Hunter set up a subsidiary called Rosemont TALF and scored $24 mil in loans from the federal program, Term Asset-Backed Securities Loan Facility. TALF was designed to bail out banks and auto lenders hit by the financial crisis ...Within months, Hunter's Rosemont had secured a total of $130 million from the TALF program. Some of the government cash was then funneled into an investment fund incorporated in the Cayman Islands, SEC records show. Such offshore accounts are commonly used to evade taxes .
cont. in comments
11:09 PM - Oct 04, 2023
Only people mentioned by memyselfi in this post can reply
sharon pasvant
@memyselfi
04 October, 11:10
In response sharon pasvant to her Publication
The move raised ethical flags with government watchdogs who suspected the TALF bailout cash was used to benefit Biden's son. Other records reveal that an offshoot, Rosemont Realty, touted to investors in a company prospectus that Hunter was the “son of Vice President Biden.”
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