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.
Trump torches Democrats at Arizona rally, warns they will ‘destroy our country’ ahead of midterms
Federal agents seize phone of Rep. Ilhan Omar in raid tied to immigration fraud probe
High School Football Coach Fired, Allegedly for Running Up Score Against Lesser Opponent
House Democrat Reveals Plan to Knock Maxine Waters Off Her Leadership Pedestal, Sparking Internal Turmoil
Fox News Poll: Cost of living concerns weigh on GOP in midterms
Expert calls California ‘Wild West’ for surrogacy after couple charged with abusing surrogate-born children
Karen Bass and Nithya Raman vie for Spencer Pratt’s voters in final Los Angeles mayoral debate
DOJ unveils nationwide tax fraud crackdown involving 76 defendants, nearly $500M in alleged losses
Breaking: The DOJ Has Seized Ilhan Omar’s Phone
Dem AG targets Trump on voting while his state sends rights letters to dead people
Metallica Frontman Triggers Leftists with Subtle Shot at Zach Bryan, Macklemore, and Jelly Roll
Mamdani accuses Blakeman of ‘bigotry and racism’ in breakout debate that mayor didn’t watch
Lindsay Clancy mistrial holdout says he thought she was ‘methodical’ in the ‘execution’ of her children
Ken Paxton sues major baby food companies, alleging dangerous levels of heavy metals
AOC puts her standing as progressive leader on the line by hitching wagon to el Sayed
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.
Trump torches Democrats at Arizona rally, warns they will ‘destroy our country’ ahead of midterms
Federal agents seize phone of Rep. Ilhan Omar in raid tied to immigration fraud probe
High School Football Coach Fired, Allegedly for Running Up Score Against Lesser Opponent
House Democrat Reveals Plan to Knock Maxine Waters Off Her Leadership Pedestal, Sparking Internal Turmoil
Fox News Poll: Cost of living concerns weigh on GOP in midterms
Expert calls California ‘Wild West’ for surrogacy after couple charged with abusing surrogate-born children
Karen Bass and Nithya Raman vie for Spencer Pratt’s voters in final Los Angeles mayoral debate
DOJ unveils nationwide tax fraud crackdown involving 76 defendants, nearly $500M in alleged losses
Breaking: The DOJ Has Seized Ilhan Omar’s Phone
Dem AG targets Trump on voting while his state sends rights letters to dead people
Metallica Frontman Triggers Leftists with Subtle Shot at Zach Bryan, Macklemore, and Jelly Roll
Mamdani accuses Blakeman of ‘bigotry and racism’ in breakout debate that mayor didn’t watch
Lindsay Clancy mistrial holdout says he thought she was ‘methodical’ in the ‘execution’ of her children
Ken Paxton sues major baby food companies, alleging dangerous levels of heavy metals
AOC puts her standing as progressive leader on the line by hitching wagon to el Sayed
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.
