Eric Schwerin — one of Hunter Biden’s closest business associates — will testify before the House Oversight Committee in a closed hearing in January, the committee confirmed to The Post.
Schwerin, 54, who worked as president of Hunter Biden’s investment firm Rosemont Seneca Partners, was served a subpoena to appear on Nov. 9, 2023.
Emails from the first son’s abandoned laptop show Schwerin was intimately involved with the personal finances of both Hunter Biden and his father, President Biden.
“Mr. Schwerin worked closely with the Biden family members, Biden associates, and Biden corporate entities that the committees have identified as transferring millions of dollars to the Bidens, often from foreign sources,” including “access to bank accounts,” the panel wrote to Schwerin’s attorney, William Farah, in their subpoena letter.
The letter was sent after months of negotiations between Schwerin, who lives in a three-bedroom townhouse in the upscale Glover Park neighborhood of Washington D.C., and the committee.
The closed-door nature of the hearing suggests the deposition will follow a similar format to Devon Archer, another Hunter Biden business partner who spoke to the committee in July.
News of the bombshell deposition comes just weeks after Hunter Biden was hit with a raft of new felony and misdemeanor charges for allegedly failing to pay $1.4 million in taxes while living the life of an “extravagant” nepo-baby.
The first son could face up to 17 years in prison.
Experts said Schwerin’s testimony could be explosive given how close he was to the Biden family’s finances.
“He was the go-between between Hunter’s business and Joe’s cash pots. He set up the shell companies. He was the one doing the cash transfers. He knows what money went where,” said Jim Hanson, an information security consultant who has studied Hunter Biden’s laptop. “If there is a smoking gun, he buried it.”
It is unclear what exactly Schwerin will say, but it is almost certain that members will seek answers to disclosures this week from the House Ways and Means Committee that Joe Biden used email pseudonyms to communicate covertly with family members — and Schwerin — between 2011 and 2019.
The elder Biden sent or was party to 327 emails with Schwerin.
Of those, 54 were exclusively between Joe Biden and Schwerin.
The elder Biden sent or was party to 327 emails with Schwerin.
The committee has accused Schwerin of being the architect of “various shell companies that launder money around the world.”
Hunter Biden and Schwerin likely first met more than 20 years ago when they worked in former President Bill Clinton’s Commerce Department.
When George W. Bush became president, Hunter Biden went off to the private sector and started a lobbying firm with William Oldaker, a D.C. lawyer who worked on his father’s aborted 1988 presidential campaign.
Schwerin became a partner in the company in 2002, lobbying disclosure forms show.
In June 2009 — shortly after the elder Biden became vice president — Hunter Biden founded his investment firm Rosemont Seneca Partners with Devon Archer, a former Abercrombie & Fitch model, and Chris Heinz, a ketchup heir and stepson of John Kerry.
Schwerin signed on as president, and the fund aggressively pursued deals in Russia, Romania, Ukraine, China, and elsewhere.
The committee has intensely focused on China, particularly a 2017 deal between Hudson West III — an LLC Hunter Biden managed and invested in — and CEFC, a Chinese energy behemoth looking to sell American liquified natural gas to China.