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.
Hagerty urges FCC to punish Verizon over release of Senate phone data
Turning Point issues major endorsement in critical Senate race as Trump hints at weighing in
Breaking: GOP Rep. Alleges Bad Bunny’s Halftime Show Was ‘Illegal,’ Moves for ‘Dramatic’ FCC Action Against NFL and NBC
Maryland high school locked down after shooting leaves one person injured
Docs Reveal Vile Things Leftists Said to Children During Cities Church Riot
California jewelry store burglar breaks in from roof, owner threatens to leave Los Angeles
Republicans Introduce OMAR Act to Deal With Corruption in Congress
The cost of this grocery staple is nearing record highs — and Americans can’t get enough
Judge says Abrego Garcia Supreme Court ruling may shape Venezuelan deportation case
Florida Poaches Yet Another Juggernaut California Business as Economic Red Shift Continues
Jasmine Crockett’s vulgar 6-word message for Trump in Epstein probe
Senate Republicans find their secret weapon as they try to navigate midterm ‘headwinds’ with Palm Beach getaway
Watch: Patriots Player Helps Take Down Field Invader in Moment Not Seen During Broadcast
Ghislaine Maxwell pleads Fifth Amendment, dodges questions in House Oversight Epstein probe
GOP accelerates Trump judge confirmations as pressure builds to kill Senate blue slip
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.
Hagerty urges FCC to punish Verizon over release of Senate phone data
Turning Point issues major endorsement in critical Senate race as Trump hints at weighing in
Breaking: GOP Rep. Alleges Bad Bunny’s Halftime Show Was ‘Illegal,’ Moves for ‘Dramatic’ FCC Action Against NFL and NBC
Maryland high school locked down after shooting leaves one person injured
Docs Reveal Vile Things Leftists Said to Children During Cities Church Riot
California jewelry store burglar breaks in from roof, owner threatens to leave Los Angeles
Republicans Introduce OMAR Act to Deal With Corruption in Congress
The cost of this grocery staple is nearing record highs — and Americans can’t get enough
Judge says Abrego Garcia Supreme Court ruling may shape Venezuelan deportation case
Florida Poaches Yet Another Juggernaut California Business as Economic Red Shift Continues
Jasmine Crockett’s vulgar 6-word message for Trump in Epstein probe
Senate Republicans find their secret weapon as they try to navigate midterm ‘headwinds’ with Palm Beach getaway
Watch: Patriots Player Helps Take Down Field Invader in Moment Not Seen During Broadcast
Ghislaine Maxwell pleads Fifth Amendment, dodges questions in House Oversight Epstein probe
GOP accelerates Trump judge confirmations as pressure builds to kill Senate blue slip
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.
