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.
New York Democrat Accused of Attacking Opponent’s Mother Inside Bathroom: ‘Not Fit to Serve’
White House Wants Karoline Leavitt’s Help Finding New Press Secretary After Katie Zacharia Disaster
NYC votes to end nearly 170-year-old horse carriage tradition as Trump blasts ban, drivers threaten lawsuit
DOJ opens investigation into Trump ally Corey Lewandowski
Musk: Austin Shooter Was Fired by Tesla After He Struck Woman Who ‘Accidentally Stepped on His Prayer Rug’
Over 100 arrested in California after $2 billion state-federal healthcare fraud crackdowns
Fox News Poll: Nail-biter in Maine Senate race
Man accused of smashing Iwo Jima statue with sledgehammer in Quantico
Trump rally exposes surprising cracks in MAGA base as Republicans face midterm test
Watch: Mike Rogers Stops Abdul El-Sayed in His Tracks When He Attempts ‘Victim’ Strategy During Debate
Italy and Spain end border crisis sparked by Ceuta invasion, but approximately 15,000 migrants still demand asylum
Dozens Taken to Hospital, Days-Long Evacuation in Effect as Massive Chemical Leak Plagues Ohio City
Lindsay Clancy’s Lawyer Slapped Down by Judge For Trying to Investigate Holdout Juror and Examine His Phone
Ilhan Omar is not the Minnesota congresswoman’s ‘real name’: sources
Australia pastor case ‘canary in the coal mine’ for American Christian freedoms: TPUSA leader
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.
New York Democrat Accused of Attacking Opponent’s Mother Inside Bathroom: ‘Not Fit to Serve’
White House Wants Karoline Leavitt’s Help Finding New Press Secretary After Katie Zacharia Disaster
NYC votes to end nearly 170-year-old horse carriage tradition as Trump blasts ban, drivers threaten lawsuit
DOJ opens investigation into Trump ally Corey Lewandowski
Musk: Austin Shooter Was Fired by Tesla After He Struck Woman Who ‘Accidentally Stepped on His Prayer Rug’
Over 100 arrested in California after $2 billion state-federal healthcare fraud crackdowns
Fox News Poll: Nail-biter in Maine Senate race
Man accused of smashing Iwo Jima statue with sledgehammer in Quantico
Trump rally exposes surprising cracks in MAGA base as Republicans face midterm test
Watch: Mike Rogers Stops Abdul El-Sayed in His Tracks When He Attempts ‘Victim’ Strategy During Debate
Italy and Spain end border crisis sparked by Ceuta invasion, but approximately 15,000 migrants still demand asylum
Dozens Taken to Hospital, Days-Long Evacuation in Effect as Massive Chemical Leak Plagues Ohio City
Lindsay Clancy’s Lawyer Slapped Down by Judge For Trying to Investigate Holdout Juror and Examine His Phone
Ilhan Omar is not the Minnesota congresswoman’s ‘real name’: sources
Australia pastor case ‘canary in the coal mine’ for American Christian freedoms: TPUSA leader
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.
