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.
Beauty school moms caught in accreditation crossfire as Trump admin weighs consequential decision
Texas Attorney General Ken Paxton announces distribution of more than 7 million free eggs statewide
Amy Acton cried on the job, once found ‘curled up’ on floor before COVID meeting during tenure as Ohio health official: Staffers
RNC leaves convention seat empty for Charlie Kirk one year after assassination
Lindsay Clancy juror who backed the defense also publicly cheered Karen Read’s acquittal
Florida woman accused of DUI crashes SUV into parked car, then makes bizarre plea to police caught on camera
White House stays quiet as UK leads 11 other countries with sanctions on Israeli ‘settler terrorists’
Trump Signs Orders to Block Certain Canadian Products from Being Sold in the U.S.
Anthropic Researchers Say AI Could ‘Kill All Humans’ Within Next Decade
Emergency slide sparks questions on Trump’s new Air Force One before president reveals why
‘Alien harboring’ accusations fly as DC-area county spends taxpayer funds to blunt ICE
Report: Jimmy Kimmel’s Current Season Will Be His Last at ABC
Merz accuses AfD of ‘ethnic cleansing’ agenda, postpones call with Trump after president praises party
We Must Stop China’s ‘Surveillance Machines’ from Flooding the US Car Market at All Cost
Proposal would pay homeowners ‘data center dividends’ to counter growing backlash
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.
Beauty school moms caught in accreditation crossfire as Trump admin weighs consequential decision
Texas Attorney General Ken Paxton announces distribution of more than 7 million free eggs statewide
Amy Acton cried on the job, once found ‘curled up’ on floor before COVID meeting during tenure as Ohio health official: Staffers
RNC leaves convention seat empty for Charlie Kirk one year after assassination
Lindsay Clancy juror who backed the defense also publicly cheered Karen Read’s acquittal
Florida woman accused of DUI crashes SUV into parked car, then makes bizarre plea to police caught on camera
White House stays quiet as UK leads 11 other countries with sanctions on Israeli ‘settler terrorists’
Trump Signs Orders to Block Certain Canadian Products from Being Sold in the U.S.
Anthropic Researchers Say AI Could ‘Kill All Humans’ Within Next Decade
Emergency slide sparks questions on Trump’s new Air Force One before president reveals why
‘Alien harboring’ accusations fly as DC-area county spends taxpayer funds to blunt ICE
Report: Jimmy Kimmel’s Current Season Will Be His Last at ABC
Merz accuses AfD of ‘ethnic cleansing’ agenda, postpones call with Trump after president praises party
We Must Stop China’s ‘Surveillance Machines’ from Flooding the US Car Market at All Cost
Proposal would pay homeowners ‘data center dividends’ to counter growing backlash
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.
