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.
Top Dem beats progressive who likened himself to Bernie Sanders in closely watched race
‘Party of Zohran’: Mamdani emerges as Democratic kingmaker after socialist allies sweep NYC primaries
Mamdani-backed socialist with history of anti-American rhetoric wins vicious Dem primary race
GOP voters pick Trump-backed nominee in battle to flip crucial House seat
Meet the Republican challengers vying to unseat New York’s congressional Democrats
Investigators revisit Florida serial killer case as search resumes for possible additional victims
Iranian World Cup Fans Defy Regime and FIFA with Banned Displays of Resistance
Biden-appointed judge ripped after blocking ICE arrests at immigration courts
Video: Facing 20 Years, $250k Fine, Nazi-Obsessed, Anti-ICE Woman Pleads Guilty to Punching Officer in Face
Florida man allegedly kidnapped teen girl and hid her inside a clothes dryer before she called 911
Coffee Shop in NYC in Full Retreat After Hateful Attack on Jewish Congressman Backfires in Every Way Possible
Liberalism in Action: San Francisco Media Bemoans Drop in Car Break-Ins Because Auto Repair Shops Are Losing Business
Dozens of Dem Lawmakers Push to Make Sure Parents Can’t Tell If Kids’ TV Shows Push Transgender Ideology
Illegal Alien Teacher Arrested for Allegedly Aiding Tren de Aragua Mass Shooting
Trump endorsement streak gets unusual boost with South Carolina GOP governor nomination
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.
Top Dem beats progressive who likened himself to Bernie Sanders in closely watched race
‘Party of Zohran’: Mamdani emerges as Democratic kingmaker after socialist allies sweep NYC primaries
Mamdani-backed socialist with history of anti-American rhetoric wins vicious Dem primary race
GOP voters pick Trump-backed nominee in battle to flip crucial House seat
Meet the Republican challengers vying to unseat New York’s congressional Democrats
Investigators revisit Florida serial killer case as search resumes for possible additional victims
Iranian World Cup Fans Defy Regime and FIFA with Banned Displays of Resistance
Biden-appointed judge ripped after blocking ICE arrests at immigration courts
Video: Facing 20 Years, $250k Fine, Nazi-Obsessed, Anti-ICE Woman Pleads Guilty to Punching Officer in Face
Florida man allegedly kidnapped teen girl and hid her inside a clothes dryer before she called 911
Coffee Shop in NYC in Full Retreat After Hateful Attack on Jewish Congressman Backfires in Every Way Possible
Liberalism in Action: San Francisco Media Bemoans Drop in Car Break-Ins Because Auto Repair Shops Are Losing Business
Dozens of Dem Lawmakers Push to Make Sure Parents Can’t Tell If Kids’ TV Shows Push Transgender Ideology
Illegal Alien Teacher Arrested for Allegedly Aiding Tren de Aragua Mass Shooting
Trump endorsement streak gets unusual boost with South Carolina GOP governor nomination
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.
