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.
Former Louisiana high school teacher indicted for allegedly trying to entice student into sex
Repeat offender street racing at 106 mph mows down EMT after previously killing someone in crash: police
Watch: Sylvester Stallone’s Brother Frank Comes Out Swinging Against Anti-ICE Agitators, Tim Walz, and Jacob Frey
BREAKING: Canada Backs Down on China Deal After Trump Threatens Carney with Tariffs
Trump’s antisemitism envoy slams Walz for comparing ICE enforcement to Anne Frank, Holocaust
One year, one chart and an eye-popping jump in Ilhan Omar’s personal wealth
Top Chinese general purged from military on accusations of betraying Xi Jinping
Kanye West cites bipolar disorder in apology for antisemitic behavior: ‘I love Jewish people’
Battleground GOP lawmaker moves to block what he calls Democratic redistricting ‘power grab’
National Guard in Minnesota hands out coffee, donuts to anti-ICE protesters
Trump deploys border czar Tom Homan to Minnesota as ICE operations face violent chaos
Overnight Videos: MN Hotel Occupants Bar Doors With Vending Machines So Anti-ICE Rioters Can’t Get in, at Least One ICE Agent Left Bloodied
NPR Claims Trump’s ICE Is Detaining American Citizens: Turns Out Its Record Blows Obama’s ICE Out of the Water
Airplane crashes at Maine airport with 8 on board, FAA says
Battle for the soul of Democrats seen through prism of bitter Senate primaries
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.
Former Louisiana high school teacher indicted for allegedly trying to entice student into sex
Repeat offender street racing at 106 mph mows down EMT after previously killing someone in crash: police
Watch: Sylvester Stallone’s Brother Frank Comes Out Swinging Against Anti-ICE Agitators, Tim Walz, and Jacob Frey
BREAKING: Canada Backs Down on China Deal After Trump Threatens Carney with Tariffs
Trump’s antisemitism envoy slams Walz for comparing ICE enforcement to Anne Frank, Holocaust
One year, one chart and an eye-popping jump in Ilhan Omar’s personal wealth
Top Chinese general purged from military on accusations of betraying Xi Jinping
Kanye West cites bipolar disorder in apology for antisemitic behavior: ‘I love Jewish people’
Battleground GOP lawmaker moves to block what he calls Democratic redistricting ‘power grab’
National Guard in Minnesota hands out coffee, donuts to anti-ICE protesters
Trump deploys border czar Tom Homan to Minnesota as ICE operations face violent chaos
Overnight Videos: MN Hotel Occupants Bar Doors With Vending Machines So Anti-ICE Rioters Can’t Get in, at Least One ICE Agent Left Bloodied
NPR Claims Trump’s ICE Is Detaining American Citizens: Turns Out Its Record Blows Obama’s ICE Out of the Water
Airplane crashes at Maine airport with 8 on board, FAA says
Battle for the soul of Democrats seen through prism of bitter Senate primaries
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.
