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.
Multiple Sources Confirm GOP Senator Attempted IVF Expansion During NDAA Talks
Trump Comes Out Against FISA ‘If it Doesn’t Come with the Save America Act,’ Complicating Congressional Showdown
Is AI Making Us Dumb?
Trump admin puts alleged ‘birth tourism’ scheme on notice as expert delivers warning to hospitals
Teen accused of killing stepsister on Carnival cruise ship ordered detained before murder trial
Robert De Niro Says He Can’t Love America While ‘Xenophobic Tyrant’ Trump is President
Three more alleged antifa cell members indicted on terrorism charges over Texas ICE attack
ALERT: Massive B-52 Stratofortress Has Crashed at Edwards Air Force Base – Video
Judge dismisses xAI lawsuit accusing OpenAI of stealing trade secrets
Live explosive device found near Homeland Security office in Cleveland, forcing mass evacuations
Same-name candidate disqualified from key Senate race over alleged Dem scheme to confuse voters
Mainstream Media Deceptively Twists the Truth About World Cup Star’s Jesus-Honoring Celebration
US won’t move troops despite ‘signed’ Iran deal, as doubts linger over Tehran’s next move
Austin Metcalf’s father rips former Frisco schools chief as ‘spineless’ over Karmelo Anthony graduation
Trump plans to ‘focus’ on ending Russia-Ukraine war following peace deal with Iran
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.
Multiple Sources Confirm GOP Senator Attempted IVF Expansion During NDAA Talks
Trump Comes Out Against FISA ‘If it Doesn’t Come with the Save America Act,’ Complicating Congressional Showdown
Is AI Making Us Dumb?
Trump admin puts alleged ‘birth tourism’ scheme on notice as expert delivers warning to hospitals
Teen accused of killing stepsister on Carnival cruise ship ordered detained before murder trial
Robert De Niro Says He Can’t Love America While ‘Xenophobic Tyrant’ Trump is President
Three more alleged antifa cell members indicted on terrorism charges over Texas ICE attack
ALERT: Massive B-52 Stratofortress Has Crashed at Edwards Air Force Base – Video
Judge dismisses xAI lawsuit accusing OpenAI of stealing trade secrets
Live explosive device found near Homeland Security office in Cleveland, forcing mass evacuations
Same-name candidate disqualified from key Senate race over alleged Dem scheme to confuse voters
Mainstream Media Deceptively Twists the Truth About World Cup Star’s Jesus-Honoring Celebration
US won’t move troops despite ‘signed’ Iran deal, as doubts linger over Tehran’s next move
Austin Metcalf’s father rips former Frisco schools chief as ‘spineless’ over Karmelo Anthony graduation
Trump plans to ‘focus’ on ending Russia-Ukraine war following peace deal with Iran
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.
