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.
Teen May Be Charged as an Adult After 13-Year-Old Cheerleader Found Dead in the Woods
Steelers Receiver Fights with Opponent During Final Play of Team’s Crushing Loss
Ernst burnishes pork-cutting credentials by leading DOGE Senate Caucus
As MSNBC Ratings Crater After Election, Network Gives Rachel Maddow Brutal New Deal: Report
Daniel Penny’s Defense Rests with Huge Courtroom Point About ‘Victim’: Here’s What Cops Would Have Seen Running Neely’s Info
Texas AG sues Dallas for decriminalizing marijuana
Democrat Election Official Apologizes for Shameful Comments After State Supreme Court Ruling
The North Pole cold war: US and NATO bolstering national security in Arctic region
Who is Pam Bondi, Trump’s new pick for attorney general?
Biden makes final push for student loan forgiveness before Trump takes office
Biden could ‘best’ Trump’s judicial record after Senate deal
24 states’ attorneys general call on Supreme Court to keep biological boys out of girls sports
Human smugglers convicted after Indian family freezes to death trying to illegally cross northern border
Filibuster flip-flop: Senate Democrats ready to embrace tool to stonewall Trump
Texas man convicted after saying he mutilated victims, ate human heart as part of ‘ritualistic sacrifices’
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.
Teen May Be Charged as an Adult After 13-Year-Old Cheerleader Found Dead in the Woods
Steelers Receiver Fights with Opponent During Final Play of Team’s Crushing Loss
Ernst burnishes pork-cutting credentials by leading DOGE Senate Caucus
As MSNBC Ratings Crater After Election, Network Gives Rachel Maddow Brutal New Deal: Report
Daniel Penny’s Defense Rests with Huge Courtroom Point About ‘Victim’: Here’s What Cops Would Have Seen Running Neely’s Info
Texas AG sues Dallas for decriminalizing marijuana
Democrat Election Official Apologizes for Shameful Comments After State Supreme Court Ruling
The North Pole cold war: US and NATO bolstering national security in Arctic region
Who is Pam Bondi, Trump’s new pick for attorney general?
Biden makes final push for student loan forgiveness before Trump takes office
Biden could ‘best’ Trump’s judicial record after Senate deal
24 states’ attorneys general call on Supreme Court to keep biological boys out of girls sports
Human smugglers convicted after Indian family freezes to death trying to illegally cross northern border
Filibuster flip-flop: Senate Democrats ready to embrace tool to stonewall Trump
Texas man convicted after saying he mutilated victims, ate human heart as part of ‘ritualistic sacrifices’
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.
