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.
Spencer Pratt’s runner-up edge over Democrat Raman down to 1%, few thousand ballots
The World Is Learning Faster Than Ever: The Bible Said It Would
Experimental Hepatitis B Drug Might Carry A “Functional Cure” For Specific Patients
Daycare operator arrested after 3-year-old was left unconscious in pool for 20 minutes, died
Italy Strikes Sicilian Mafia Wealth, Seizing Gold, Villas and Cash
Maine GOP hopeful vying for Trump endorsement previously ran birthing clinics catering to migrant women
How Red and Blue America Can Stay Together by Pulling Apart
Florida woman mauled to death by dogs that had allegedly terrorized neighborhood, owner charged in killing
Florida and Texas are battling for new residents. DeSantis thinks he found an advantage
A critic takes the measure of ‘Bluey’
GOP firebrand lashes out at reporter over Massie allegation: ‘F— you, first of all!’
WATCH: Mace says Trump’s endorsement hasn’t sealed SC gubernatorial race: ‘It’s a dog fight’
Jill Biden says former president will live with stage 4 cancer ‘for the rest of his life,’ has slowed down
Last surviving ‘Rosie the Riveters’ honored by WWII Museum on D-Day Anniversary: ‘We can do it’
Woman allegedly choked subway rider, yelled antisemitic remarks in attack caught on video: police
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.
Spencer Pratt’s runner-up edge over Democrat Raman down to 1%, few thousand ballots
The World Is Learning Faster Than Ever: The Bible Said It Would
Experimental Hepatitis B Drug Might Carry A “Functional Cure” For Specific Patients
Daycare operator arrested after 3-year-old was left unconscious in pool for 20 minutes, died
Italy Strikes Sicilian Mafia Wealth, Seizing Gold, Villas and Cash
Maine GOP hopeful vying for Trump endorsement previously ran birthing clinics catering to migrant women
How Red and Blue America Can Stay Together by Pulling Apart
Florida woman mauled to death by dogs that had allegedly terrorized neighborhood, owner charged in killing
Florida and Texas are battling for new residents. DeSantis thinks he found an advantage
A critic takes the measure of ‘Bluey’
GOP firebrand lashes out at reporter over Massie allegation: ‘F— you, first of all!’
WATCH: Mace says Trump’s endorsement hasn’t sealed SC gubernatorial race: ‘It’s a dog fight’
Jill Biden says former president will live with stage 4 cancer ‘for the rest of his life,’ has slowed down
Last surviving ‘Rosie the Riveters’ honored by WWII Museum on D-Day Anniversary: ‘We can do it’
Woman allegedly choked subway rider, yelled antisemitic remarks in attack caught on video: police
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.
