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.
Children’s YouTube Superstar Announces the Death of His 14-Year-Old Son
Kyle Busch 911 Call Released, Shedding New Light on His Shocking Death
Grady Judd puts parents on notice over TikTok teen takeovers: ‘We’re gonna come lock you up too’
NYC Mayor Zohran Mamdani releases audit accusing federal immigration agents of misleading tactics
Republicans get ‘aggressive’ in fight to win top cop spots in battleground states
Georgetown Cupcake keg-throwing suspect turned in by his own father after recognizing surveillance footage
Trump ties himself to Giants quarterback Jaxson Dart during New York swing
Trump Admin Order Could Force Hundreds of Thousands of Foreigners to Leave the US
Trump Abruptly Cancels Plans to Attend Son’s Wedding, Heading Straight Back to DC
Judge dismisses human smuggling charges against Kilmar Abrego Garcia
FBI launches ‘fittest agent’ competition for field offices
Warren torched over ‘my kind of man’ praise for Platner after death-wish post for wounded veteran resurfaces
Trump administration orders green card applicants to leave the US, apply from their home countries
Breaking: Tulsi Gabbard Resigning from Trump Administration
Wasserman Schultz makes bid for new district after Cherfilus-McCormick resignation
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.
Children’s YouTube Superstar Announces the Death of His 14-Year-Old Son
Kyle Busch 911 Call Released, Shedding New Light on His Shocking Death
Grady Judd puts parents on notice over TikTok teen takeovers: ‘We’re gonna come lock you up too’
NYC Mayor Zohran Mamdani releases audit accusing federal immigration agents of misleading tactics
Republicans get ‘aggressive’ in fight to win top cop spots in battleground states
Georgetown Cupcake keg-throwing suspect turned in by his own father after recognizing surveillance footage
Trump ties himself to Giants quarterback Jaxson Dart during New York swing
Trump Admin Order Could Force Hundreds of Thousands of Foreigners to Leave the US
Trump Abruptly Cancels Plans to Attend Son’s Wedding, Heading Straight Back to DC
Judge dismisses human smuggling charges against Kilmar Abrego Garcia
FBI launches ‘fittest agent’ competition for field offices
Warren torched over ‘my kind of man’ praise for Platner after death-wish post for wounded veteran resurfaces
Trump administration orders green card applicants to leave the US, apply from their home countries
Breaking: Tulsi Gabbard Resigning from Trump Administration
Wasserman Schultz makes bid for new district after Cherfilus-McCormick resignation
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.
