This GOP Candidate Is Anti-China. His Family Tried to Build Water Parks There.
Multimillionaire banker Eric Hovde is taking tough stances on China in his battle to unseat Wisconsin Democratic Sen. Tammy Baldwin—but corporation records show his brother and business partner once tried to launch an investment vehicle there.
Just before Eric’s first 2012 U.S. Senate bid, his brother Steven set up Hovde China Ventures LLC in the notoriously secretive state of Delaware. According to what few public records are available, the entity shut down four years later.
While the brothers have frequently collaborated in their real estate and financial ventures, Eric Hovde’s team says Steven embarked on this project solo—and that it involved water parks.