Quantcast

John Kerry’s Wife Has Millions of Dollars Invested in China

'There is that risk that negotiators could try to threaten to hold those investments hostage in the course of the negotiations...'

Climate change envoy John Kerry’s wife has millions of dollars in Chinese investments through her family’s trust, according to government documents.

Kerry disclosed the investments in his latest filing with the Office of Government Ethics.

The report shows his wife, Teresa Heinz, heiress of Heinz Ketchup, has holdings worth “at least one million” in Teng Yue Partners, a hedge fund that specializes in connecting investors to Chinese government-controlled projects and funds.

It is likely that Heinz’s stake in Teng is worth more than just $1 million, since Teng’s funds are required to have a minimum investment of $5 million.

...article continued below
- Advertisement -

Former chief White House ethics lawyer Richard Painter told the Daily Mail that Heinz’s investments pose a serious conflict of interest for Kerry, who, as the Biden administration’s climate change czar, must regularly work with the Chinese government.

“As soon as anyone even hinted that the Chinese government would try to do anything to pull the rug from those companies if he didn’t do what they wanted, at that point it would create a problem for him under US code 208 [a conflict of interest law for government officials],” Painter explained.

The Chinese government could easily look to use Heinz’s investments against Kerry and, through Kerry, the U.S., Painter said.

“Whenever you’re negotiating with a country to try to get something done and you have investments in that country, there is that risk that negotiators could try to threaten to hold those investments hostage in the course of the negotiations,” he said. “It could go either way. The Chinese could promise to help those companies if he took it easy on them. So while I wouldn’t necessarily say she has to sell them right away, this needs to be kept on the radar screen.”

...article continued below
- Advertisement -

In a 2013 ethics disclosure, Kerry claimed he was not a beneficiary of his wife’s trust.

His 2021 filing similarly says that neither he nor his wife “have any control over the management of the trust investments.”

However, this is not the first time the Heinz family has been criticized over its involvement with Chinese investments. Teresa Heinz’s son and Kerry’s step-son, Christopher Heinz, was at the center of a controversy last year after it became clear his private equity firm, Rosemont Seneca, was involved in the Chinese purchase of a U.S. aircraft parts manufacturer. President Joe Biden’s son, Hunter Biden, was also involved in Rosemont Seneca, according to emails obtained from a laptop allegedly abandoned by Hunter Biden.

- Advertisement -

TRENDING NOW

Cruz Introduces Bill to Transfer Migrant Facilities to Ritzy Dem Vacation Spots

Sen. Ted Cruz, R-Texas, introduced a bill this week to transfer migrant detention facilities from border towns to ritzy areas where “Democrat elites host...

Maxine Waters’ Campaign Paid Her Daughter More Than $80K This Past Year

The campaign of Rep. Maxine Waters, D-Calif., paid her daughter more than $80,000 this past year, according to campaign-finance records. The records show that Waters’s...

Marjorie Taylor Greene Outlines New ‘America First’ Plan to Aid GOP Victory in 2022

According to Paul Bedard at the Washington Examiner, Rep. Marjorie Taylor Greene, R-Ga., who is running for reelection in 2022, has hired a new...

Taxpayers to Fund Immigration Tent Courts in Texas

The Biden administration said last week that it will comply with the Trump-era "Remain in Mexico Policy." But now that the rule has been reinstated...

17 State AGs Slam DOJ for Trying to ‘Chill Lawful Dissent’ at School Board Meetings

A group of 17 state attorneys generals submitted a letter Monday to President Joe Biden arguing that the Justice Department has been attempting to...

Chicago Mayor Accuses Police Union of Inciting ‘Insurrection’ Against Vax Mandate

Chicago Mayor Lori Lightfoot accused a police union of inciting an “insurrection” by encouraging officers to oppose the city’s vaccine mandate. The Fraternal Order of...

ABC Interview Lends ‘Bond’-Like Air to Disgraced Russiagate Hoaxster

In Out of the Shadows: the Man Behind the Steele Dossier, available to stream on Hulu, George Stephanopoulos and ABC News do their level...

Abbott Blasts Biden for Abandoning Border Towns after Shots Fired on Nat’l Guardsmen

Texas's Republican Gov. Greg Abbott told Fox News’s Maria Bartiromo that President Joe Biden had "abandoned" the border, noting that Mexican cartels recently shot...

Psaki Brushes Off China’s Nuke Push: ‘We Welcome Stiff Competition’

President Joe Biden's press secretary, Jen Psaki, shrugged off recent reports of China's advances in nuclear technology, claiming that "we welcome stiff competition" in...
- Advertisement -