Joe Biden’s Transition Aide Helped Steer $3M to Hunter Biden-Linked Firm
A top aide to former Vice President Joe Biden’s transition team once helped steer $3 million in taxpayer dollars to a Hunter Biden-linked venture capital firm.
BY HARIS ALIC | NOVEMBER 12, 2020
ast week, Bloomberg reported
that Don Graves, a high-ranking executive at Key Bank, has been tasked to advise Biden on financial regulation issues during the transition process. Graves, who worked for the former vice president during the Obama administration, has been a long time fixture in the Biden family orbit.
As Peter Schweizer, a senior contributor at Breitbart News and the president of the Government Accountability Institute, revealed in Profiles in Corruption, that relationship benefited Hunter Biden’s business interests on at least one occasion.
In December 2013, Hunter Biden, along with his long-time business associate Devon Archer, invested in a Hawaii-focused venture capital fund called mbloom. The investment, which was meant to provide seed capital for technology startups, was the result of a public-private partnership between Biden’s firm, Rosemont Seneca Technology (RST) Partners, and the state of Hawaii.
As part of the agreement, RST would provide five million for the fund, with the Hawaii Strategic Development Corporation (HSDC) matching the same amount.
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