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.
Ex-Indiana deputy charged with felony for allegedly using Flock cameras to stalk girlfriend
House Democrats Panicking as Republicans Prepare to Make Them Go on the Record with Socialism Vote
Six Fascinating, Barely-Known Facts Proving America and Jews/Judaism Have Been Linked Since the Founding
Swimmer rushed to hospital after suspected shark attack at Martha’s Vineyard
Nicki Minaj to star in ‘Shark Tank’- style show for Trump administration
Illegal immigrant’s ‘over-the-top’ sexual assault on elderly woman sends sheriff into rage: ‘Out of control’
Another ActBlue leader pleads Fifth as House investigates alleged foreign donations
Video: Trump Can’t Hold Back After Reporter Asks If He Plans to Nuke a Militarily Defeated Iran: ‘Stupid’
Woke stunt goes horribly wrong as Michigan Dems open convention with brutal ‘land acknowledgment’
Watch: JD Vance Echoes Will Smith in Fiery Response to Abdul El-Sayed’s Comments About Wife
White House brings receipts after media claims noncriminal ICE arrests ‘soaring’: ‘False narratives’
Hasan Piker’s Claim He Doesn’t Hate America Clashes With That Time He Declared ‘I Hate America’
Army Secretary Dan Driscoll Resigns After Internal Disagreements
Ex-House Freedom Caucus chair says GOP isn’t ‘a conservative party anymore,’ but Democrats are ‘worse’
FLASHBACK: Mamdani torched for recycling 9/11 tributes after years of near-identical posts
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.
Ex-Indiana deputy charged with felony for allegedly using Flock cameras to stalk girlfriend
House Democrats Panicking as Republicans Prepare to Make Them Go on the Record with Socialism Vote
Six Fascinating, Barely-Known Facts Proving America and Jews/Judaism Have Been Linked Since the Founding
Swimmer rushed to hospital after suspected shark attack at Martha’s Vineyard
Nicki Minaj to star in ‘Shark Tank’- style show for Trump administration
Illegal immigrant’s ‘over-the-top’ sexual assault on elderly woman sends sheriff into rage: ‘Out of control’
Another ActBlue leader pleads Fifth as House investigates alleged foreign donations
Video: Trump Can’t Hold Back After Reporter Asks If He Plans to Nuke a Militarily Defeated Iran: ‘Stupid’
Woke stunt goes horribly wrong as Michigan Dems open convention with brutal ‘land acknowledgment’
Watch: JD Vance Echoes Will Smith in Fiery Response to Abdul El-Sayed’s Comments About Wife
White House brings receipts after media claims noncriminal ICE arrests ‘soaring’: ‘False narratives’
Hasan Piker’s Claim He Doesn’t Hate America Clashes With That Time He Declared ‘I Hate America’
Army Secretary Dan Driscoll Resigns After Internal Disagreements
Ex-House Freedom Caucus chair says GOP isn’t ‘a conservative party anymore,’ but Democrats are ‘worse’
FLASHBACK: Mamdani torched for recycling 9/11 tributes after years of near-identical posts
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.
