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.
Jayapal tells murder victims’ parents Congress has other things to do
West Coast state sheriff’s bait bike sting snares dozens of alleged thieves in just months
Mamdani walks back plan to increase NYPD headcount following DSA pressure
Road to America 250 starts with Ford: Exhibit at Union Station shows off iconic vehicles
Government watchdog targets ‘weapons of mass reproduction’ after Supreme Court ruling
Court keeps ‘Decoy Dan’ on Alaska ballot as expert warns ranked-choice system creates voter ‘traps’
Military Leaders Brief Trump on Plan for Full-Scale War in Iran: Report
Judge Frees Punks Accused of Brutalizing Elderly Man Who Dared Stand Up for Pregnant Woman – Welcome to Mamdani’s Paradise
RNC chair predicts first-ever midterm convention will turn Dallas into ‘Trumpapalooza’ for 2026 fight
WATCH: Obama, Harris advisor warns ‘betrayed’ Black voters could be Texas Senate candidate’s kryptonite
PHOTOS: Trump debuts new Air Force One plane from Qatar
Taylor Swift’s wedding secrecy went so far some guests still didn’t know location days before ceremony: source
Smarter Systems, Safer Missions: AI, Autonomy and the Warfighter
Prominent Attorneys Form Team Aimed at Overturning Karmelo Anthony’s Murder Conviction
Alert: Names Will Be Named – House Adopts Massive Resolution on Sexual Misconduct Slush Fund Recipients
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.
Jayapal tells murder victims’ parents Congress has other things to do
West Coast state sheriff’s bait bike sting snares dozens of alleged thieves in just months
Mamdani walks back plan to increase NYPD headcount following DSA pressure
Road to America 250 starts with Ford: Exhibit at Union Station shows off iconic vehicles
Government watchdog targets ‘weapons of mass reproduction’ after Supreme Court ruling
Court keeps ‘Decoy Dan’ on Alaska ballot as expert warns ranked-choice system creates voter ‘traps’
Military Leaders Brief Trump on Plan for Full-Scale War in Iran: Report
Judge Frees Punks Accused of Brutalizing Elderly Man Who Dared Stand Up for Pregnant Woman – Welcome to Mamdani’s Paradise
RNC chair predicts first-ever midterm convention will turn Dallas into ‘Trumpapalooza’ for 2026 fight
WATCH: Obama, Harris advisor warns ‘betrayed’ Black voters could be Texas Senate candidate’s kryptonite
PHOTOS: Trump debuts new Air Force One plane from Qatar
Taylor Swift’s wedding secrecy went so far some guests still didn’t know location days before ceremony: source
Smarter Systems, Safer Missions: AI, Autonomy and the Warfighter
Prominent Attorneys Form Team Aimed at Overturning Karmelo Anthony’s Murder Conviction
Alert: Names Will Be Named – House Adopts Massive Resolution on Sexual Misconduct Slush Fund Recipients
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.
