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.
Ellen DeGeneres Comes Crawling Back to US After Fleeing Post-Trump Victory, Buys $27 Million California Mansion
Virginia Democrat gives profanity-laced response to Cruz’s criticism of the state’s redistricting push
Trump Admin Discovers ‘Staggering’ Billions Stolen in Suspected California Small Business Fraud
Two teens arrested after 15-year-old shot near Washington DC’s Union Station
Bishop Ronald Hicks replaces Dolan as Archbishop of New York with installation at St Patrick’s
Trump Announces ‘Clues’ Found in Nancy Guthrie Disappearance: ‘We Could Have Some Answers’
Man arrested for allegedly threatening to kill JD Vance was in possession of child sexual abuse materials: DOJ
‘Superhuman’ Boy, 13, Swims 4 Hours in Frigid Water then Runs Over a Mile to Rescue His Mother, Sister, and Brother Lost at Sea
Trump says nuclear talks in Oman were ‘very good,’ claims Iran wants a deal ‘very badly’
DeSantis celebrates end of ‘witch hunt’ after Trump DOJ reportedly drops Hope Florida Foundation complaint
Trump vows to ‘unleash’ commercial fishing off New England, reversing Obama-era Atlantic restrictions
Ex-‘Squad’ Dem appears to be leaning on radical activist at center of damning Tlaib report in comeback bid
Deadly Consequences: Illegal Alien Who Was Released by Biden Administration Accused of Killing Innocent Man
Virginia Dems take tax hikes into overtime, target fantasy football leagues
Republican majority at risk? A look at the 6 GOP Senate seats most in jeopardy in midterm elections
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.
Ellen DeGeneres Comes Crawling Back to US After Fleeing Post-Trump Victory, Buys $27 Million California Mansion
Virginia Democrat gives profanity-laced response to Cruz’s criticism of the state’s redistricting push
Trump Admin Discovers ‘Staggering’ Billions Stolen in Suspected California Small Business Fraud
Two teens arrested after 15-year-old shot near Washington DC’s Union Station
Bishop Ronald Hicks replaces Dolan as Archbishop of New York with installation at St Patrick’s
Trump Announces ‘Clues’ Found in Nancy Guthrie Disappearance: ‘We Could Have Some Answers’
Man arrested for allegedly threatening to kill JD Vance was in possession of child sexual abuse materials: DOJ
‘Superhuman’ Boy, 13, Swims 4 Hours in Frigid Water then Runs Over a Mile to Rescue His Mother, Sister, and Brother Lost at Sea
Trump says nuclear talks in Oman were ‘very good,’ claims Iran wants a deal ‘very badly’
DeSantis celebrates end of ‘witch hunt’ after Trump DOJ reportedly drops Hope Florida Foundation complaint
Trump vows to ‘unleash’ commercial fishing off New England, reversing Obama-era Atlantic restrictions
Ex-‘Squad’ Dem appears to be leaning on radical activist at center of damning Tlaib report in comeback bid
Deadly Consequences: Illegal Alien Who Was Released by Biden Administration Accused of Killing Innocent Man
Virginia Dems take tax hikes into overtime, target fantasy football leagues
Republican majority at risk? A look at the 6 GOP Senate seats most in jeopardy in midterm elections
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.
