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.
Zelensky’s missile plea shows dire state of Ukraine’s war machine
Blanche praises career DOJ staff and vows to leave agency better ‘than when I found it’
Scope of CCP-backed Chinese exchange program inside American schools uncovered in sweeping report
Over 100,000 Canadians sign petition for the removal of US ambassador
Karoline Leavitt Made the Right Decision, And More Young Women Should Follow Her Example
Dem Senate nominee admits ‘I take responsibility’ after police report alleges he broke down door, punched man
Studio That Helped Build Hollywood Considers Leaving California Due to Actions of Gavin Newsom Admin
Invasion of Texas: Dallas-Fort Worth Airport to Put Islamic Foot Wash Stations in Bathrooms
Watch: CNN Data Analyst Admits People Simply ‘Don’t Care’ About Left-Wing Climate Alarmism Anymore
Justice Department slams ‘politically motivated demands’ of DC Council asking govs to remove National Guard
Mamdani’s openness to campaigning with Hochul shows how far they’ve come
DOJ threatens California with lawsuit over ‘unbroken pattern’ of sexual abuse in women’s prisons
Trump admin marks 15 straight months with zero border releases as apprehensions plunge 94%
Slain NJ mom Brooke Hanlon’s family backs investigators two months after her stabbing death
Postpartum mom Lindsay Clancy on trial for murder brings court to a halt with sudden breakdown
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.
Zelensky’s missile plea shows dire state of Ukraine’s war machine
Blanche praises career DOJ staff and vows to leave agency better ‘than when I found it’
Scope of CCP-backed Chinese exchange program inside American schools uncovered in sweeping report
Over 100,000 Canadians sign petition for the removal of US ambassador
Karoline Leavitt Made the Right Decision, And More Young Women Should Follow Her Example
Dem Senate nominee admits ‘I take responsibility’ after police report alleges he broke down door, punched man
Studio That Helped Build Hollywood Considers Leaving California Due to Actions of Gavin Newsom Admin
Invasion of Texas: Dallas-Fort Worth Airport to Put Islamic Foot Wash Stations in Bathrooms
Watch: CNN Data Analyst Admits People Simply ‘Don’t Care’ About Left-Wing Climate Alarmism Anymore
Justice Department slams ‘politically motivated demands’ of DC Council asking govs to remove National Guard
Mamdani’s openness to campaigning with Hochul shows how far they’ve come
DOJ threatens California with lawsuit over ‘unbroken pattern’ of sexual abuse in women’s prisons
Trump admin marks 15 straight months with zero border releases as apprehensions plunge 94%
Slain NJ mom Brooke Hanlon’s family backs investigators two months after her stabbing death
Postpartum mom Lindsay Clancy on trial for murder brings court to a halt with sudden breakdown
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.
