Hunter Biden is walking away from the board of a Chinese-backed private equity company as part of a public pledge to disavow all foreign work if his father, former U.S. Vice President Joe Biden, gains the presidency in 2020.
Joe Biden’s second son made his move after a month of pushing by U.S. President Donald Trump who has publicly highlighted the perceived – and real – conflicts of interest represented by Biden’s work in Asia.
A statement released on his behalf by his legal counsel George Mesires said his relationship with the management company of a private equity fund that’s backed by Chinese state-owned entities will end within weeks.
The 49-year-old doesn’t state whether he will be divesting from BHR (Shanghai) Equity Investment Fund Management Company. The company was set up in 2013 to invest Chinese capital outside of China.
South Carolina inmate who believes he is immortal cannot be executed due to mental illness, judge rules
Trump marks Cinco de Mayo with ‘NICE’ post, echoing past viral taco bowl moment
Family of Murdered College Student Furious as Killer Learns His Sentence: ‘It’s Not Enough’
Family makes terrifying discovery in basement following growing suspicions
Comer demands records after DC police leaders sidelined amid alleged crime data manipulation
Government Sues New York Times for Alleged Discrimination Against White Man
Obama’s Recent Political Moves Have Caused ‘Genuine Tension’ with Michelle
Trump’s grip on GOP tested in Indiana as primary battles target defiant Republicans
Trump-backed Vivek Ramaswamy wins Ohio GOP gubernatorial primary, will face Democrat Amy Acton
Sherrod Brown secures Ohio Dem nomination, faces GOP’s Husted in key battle for Senate majority
Trump Makes Bombshell Comment About Arming Iranian Protesters
Trump posts mockup of ICE rebranded to ‘NICE’ after supporter’s suggestion
Cuba, China, and the pope: Key takeaways from Marco Rubio’s raucous White House press conference
ICE deports illegal immigrant convicted of attempting to kill newborn after blue state prison release
Minnesota lawmakers fail at trying to get Omar to testify about alleged fraud, GOP leader talks next steps
Instead the young Biden pledged he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration.
“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests,” the statement said. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Just two days ago Trump again highlighted the problem of Hunter Biden seeking work overseas during a political rally in Louisiana, as Breitbart News reported.
South Carolina inmate who believes he is immortal cannot be executed due to mental illness, judge rules
Trump marks Cinco de Mayo with ‘NICE’ post, echoing past viral taco bowl moment
Family of Murdered College Student Furious as Killer Learns His Sentence: ‘It’s Not Enough’
Family makes terrifying discovery in basement following growing suspicions
Comer demands records after DC police leaders sidelined amid alleged crime data manipulation
Government Sues New York Times for Alleged Discrimination Against White Man
Obama’s Recent Political Moves Have Caused ‘Genuine Tension’ with Michelle
Trump’s grip on GOP tested in Indiana as primary battles target defiant Republicans
Trump-backed Vivek Ramaswamy wins Ohio GOP gubernatorial primary, will face Democrat Amy Acton
Sherrod Brown secures Ohio Dem nomination, faces GOP’s Husted in key battle for Senate majority
Trump Makes Bombshell Comment About Arming Iranian Protesters
Trump posts mockup of ICE rebranded to ‘NICE’ after supporter’s suggestion
Cuba, China, and the pope: Key takeaways from Marco Rubio’s raucous White House press conference
ICE deports illegal immigrant convicted of attempting to kill newborn after blue state prison release
Minnesota lawmakers fail at trying to get Omar to testify about alleged fraud, GOP leader talks next steps
Trump then ripped Hunter for leaving China with $1.5 billion in investments from the bank of China despite knowing “nothing” and mocked the news broadcasts for repeatedly saying that Trump’s claims of corruption were “totally unsubstantiated” … at Biden’s request.
“It’s not unsubstantiated, he took a fortune out of Ukraine, knew nothing, took a fortune out of China,” he said.
He expressed skepticism Hunter Biden was able to get $1.5 billion in Chinese investments because they thought he was a good investment.
“For a guy to walk in from off the street with no experience, a bad track record, just got thrown out of the navy, and he walks away with $1.5 billion?” Trump said.
Story cited here.
