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.
UMass Dartmouth football murder suspect overstayed tourist visa, received deferred action: federal sources
Pittsburgh doctor stabbed to death after intruder allegedly attacks him, wife as they slept: police
New Jersey Gov Mikie Sherrill calls on lieutenant governor to resign after sexual harassment investigation
FBI says source of its jobs portal breach still unknown as hackers allege employee data compromised
Mamdani-backed socialist arrested at anti-Netanyahu protest outside UN
Michigan nurse accused of breaking bones and bruising premature infant at children’s hospital
Xi can’t escape protesters’ cries at deafening dinner demonstration
College Basketball Coach-Turned ESPN Personality Dies at 47
Watch: Xi Descends Into Laughter as Trump Shows off ‘President Autopen’ Picture in Place of Joe Biden’s Portrait
Corie Walsh’s husband faces alleged killer mom accused of plotting to poison him as attorney lays blame
Talarico, Buoyed by Strong Gen Z Support, Leads Paxton Outside Margin of Error in New Poll
Sheridan Gorman’s mom scorches Dem lawmakers she says refused to hear families of slain Americans
DOJ announces $25 million ANGEL grant program as it hosts violent crime victims
Unearthed clip exposes clash between El-Sayed and ex-GOP rival: ‘Muslims definitely hate you’
What’s on the menu for Trump’s state dinner with China’s Xi? One American staple is notably missing
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.
UMass Dartmouth football murder suspect overstayed tourist visa, received deferred action: federal sources
Pittsburgh doctor stabbed to death after intruder allegedly attacks him, wife as they slept: police
New Jersey Gov Mikie Sherrill calls on lieutenant governor to resign after sexual harassment investigation
FBI says source of its jobs portal breach still unknown as hackers allege employee data compromised
Mamdani-backed socialist arrested at anti-Netanyahu protest outside UN
Michigan nurse accused of breaking bones and bruising premature infant at children’s hospital
Xi can’t escape protesters’ cries at deafening dinner demonstration
College Basketball Coach-Turned ESPN Personality Dies at 47
Watch: Xi Descends Into Laughter as Trump Shows off ‘President Autopen’ Picture in Place of Joe Biden’s Portrait
Corie Walsh’s husband faces alleged killer mom accused of plotting to poison him as attorney lays blame
Talarico, Buoyed by Strong Gen Z Support, Leads Paxton Outside Margin of Error in New Poll
Sheridan Gorman’s mom scorches Dem lawmakers she says refused to hear families of slain Americans
DOJ announces $25 million ANGEL grant program as it hosts violent crime victims
Unearthed clip exposes clash between El-Sayed and ex-GOP rival: ‘Muslims definitely hate you’
What’s on the menu for Trump’s state dinner with China’s Xi? One American staple is notably missing
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.
