John Kerry’s Heinz ketchup heiress wife has millions of dollars in Chinese investments, leaving Biden’s climate change envoy facing an ethical dilemma as he regularly meets with the country’s top leaders to cut deals.
Joe Biden‘s climate change envoy and former secretary of state John Kerry disclosed millions of dollars in Chinese investments held by his wife’s family trust, government documents show.
Kerry’s latest filing with the Office of Government Ethics (OGE) in March shows his wife benefits from an investment of ‘at least $1 million’ in a hedge fund that specializes in private partnerships and investments with Chinese government-controlled funds.
In his senior government role Kerry regularly meets with Chinese diplomats and leaders, and is in the delicate position of negotiating with the industrial superpower to cut deals on reducing carbon emissions.
A government ethics expert has raised concerns that the Chinese government, which has a substantial interest in several business partnerships Kerry’s wife’s family trust has invested in, could use the threat of derailing personal investments to put pressure on the Biden cabinet member.
George W. Bush’s former chief White House ethics lawyer Richard Painter told DailyMail.com the investments could pose an ethical problem for Kerry.
‘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].’
Kerry’s wife, Teresa Heinz, is the widow of wealthy late senator John Heinz and heiress to the Heinz family fortune, estimated to be worth more than $750 million.
Kerry’s ethics disclosures reveal that through her family trusts she has an ‘over $1 million’ interest in Teng Yue Partners, described in a 2019 Press Release as ‘a New York based investment firm that specializes in equity investments in China.’
Teng is run by Chinese citizen Tao Li.
Header featured image (edited) credit: Kerry & Wife/Twitter grab
Stay tuned to …
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.