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.
South Carolina fitness trainer’s autopsy raises more questions about mysterious death
Chaos erupts on American Airlines flight as unruly passenger allegedly bites fellow traveler midair
Olympian charged in Reflecting Pool vandalism tied to Dem fundraising giant
Obama-era inspection flaws in Iran could persist as experts warn of nuclear blind spots
Survey Report Shows 10x as Many Strong GOP Voters Are Sure of God Than Strong Dem Voters
Watch: Celebrating Colombians Fill Streets as Trump-Endorsed Candidate Takes Presidency
Daily on Energy: Hormuz traffic up, Interior cuts public comment, and Chevron powers huge Texas data center
AIPAC accuses Van Hollen of fanning ‘antisemitic tropes’ in new social media campaign
Watch: Emotional ‘Sharia Law Survivor’ Begs Schools to Keep Out Islamism, as Lib Teen Mocks Him Literally Behind His Back
Six prime ministers, nine lives: Downing Street’s ‘chief mouser’ Larry the cat outlasts another leader
NYT’s Gonna NYT: Paper Uses Father’s Day to Pretend Being Trans Can Make a Woman a ‘Father’
A timeline of Trump’s $14 million Reflecting Pool makeover
Cops could be forced into race-based guessing game after Supreme Court move, Thomas joins dissent
Judge rejects accused WHCA dinner shooter’s bid to disqualify Blanche and Pirro
Chicago’s deadly Juneteenth weekend leaves 7 dead as Trump shames Dem gov for inaction
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.
South Carolina fitness trainer’s autopsy raises more questions about mysterious death
Chaos erupts on American Airlines flight as unruly passenger allegedly bites fellow traveler midair
Olympian charged in Reflecting Pool vandalism tied to Dem fundraising giant
Obama-era inspection flaws in Iran could persist as experts warn of nuclear blind spots
Survey Report Shows 10x as Many Strong GOP Voters Are Sure of God Than Strong Dem Voters
Watch: Celebrating Colombians Fill Streets as Trump-Endorsed Candidate Takes Presidency
Daily on Energy: Hormuz traffic up, Interior cuts public comment, and Chevron powers huge Texas data center
AIPAC accuses Van Hollen of fanning ‘antisemitic tropes’ in new social media campaign
Watch: Emotional ‘Sharia Law Survivor’ Begs Schools to Keep Out Islamism, as Lib Teen Mocks Him Literally Behind His Back
Six prime ministers, nine lives: Downing Street’s ‘chief mouser’ Larry the cat outlasts another leader
NYT’s Gonna NYT: Paper Uses Father’s Day to Pretend Being Trans Can Make a Woman a ‘Father’
A timeline of Trump’s $14 million Reflecting Pool makeover
Cops could be forced into race-based guessing game after Supreme Court move, Thomas joins dissent
Judge rejects accused WHCA dinner shooter’s bid to disqualify Blanche and Pirro
Chicago’s deadly Juneteenth weekend leaves 7 dead as Trump shames Dem gov for inaction
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.
