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Concord also steered tens of millions of dollars from two shell companies to Highland Capital, a Texas hedge fund.

Another pool of money came from BondIt Media Capital, which is backed by Revere Capital, a Texas hedge fund.

It was then sold off for parts to a Texas hedge fund called Lantern Capital.

The AP’s Jake Pearson reports: “The president’s oldest son and Texas hedge fund manager Gentry Beach have been involved in business deals together dating back to the mid-2000s and recently formed a company, Future Venture LLC, despite past claims by both men that they were just friends … Beach last year met with top National Security Council officials to push a plan that would curb U.S. sanctions in Venezuela and open up business for U.S. companies in the oil-rich nation.”

The president’s eldest son and Texas hedge fund manager Gentry Beach have been involved in business deals since the mid-2000s and recently formed a company despite claims by both men that they were just friends, according to previously unreported court records and other documents.