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.
Vance refers Tim Walz, Minnesota attorney general to DOJ for criminal investigation over state’s alleged fraud
Karmelo Anthony stays silent as analysts warn defense faces uphill battle in track meet stabbing trial
Massachusetts lawmakers pass bill to scrap ‘offensive language’ from state’s General Laws
Navy sailor admits killing fellow service member as mother questions missed warning signs
Gwyneth Paltrow’s ‘Centrist’ Politics Reveal How Far the Left Has Moved: ‘My Husband Thinks I’m a Republican’
DHS approves plan to verify voter citizenship, monitor mail ballots as Trump push intensifies
DOJ Vows Action After California Blocks Federal Audit of Voter Rolls: ‘What Are They Afraid Of?’
Supreme Court Slaps Down Lower Court Ruling That Backed Biden Admin’s War on Natural Gas Appliances
New Jersey Democrats advance bill criminalizing interference with abortion, transgender healthcare
Liberals File Lawsuit to Stop White House UFC Event Celebrating America’s 250th Birthday
Los Angeles mayoral primary results: Spencer Pratt upstart campaign falls short
Platner floats jailing billionaires in fiery pre-primary speech pushing far-left agenda
LA mayoral race heads to November runoff as Karen Bass faces Mamdani-style socialist
Spencer Pratt Points Out Odd Coincidence in Vote Tally: ‘Where Have I Seen That Number Before?’
Rogue swimmer arrested after diving into 11-acre Central Park lake in failed attempt to escape NYPD
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.
Vance refers Tim Walz, Minnesota attorney general to DOJ for criminal investigation over state’s alleged fraud
Karmelo Anthony stays silent as analysts warn defense faces uphill battle in track meet stabbing trial
Massachusetts lawmakers pass bill to scrap ‘offensive language’ from state’s General Laws
Navy sailor admits killing fellow service member as mother questions missed warning signs
Gwyneth Paltrow’s ‘Centrist’ Politics Reveal How Far the Left Has Moved: ‘My Husband Thinks I’m a Republican’
DHS approves plan to verify voter citizenship, monitor mail ballots as Trump push intensifies
DOJ Vows Action After California Blocks Federal Audit of Voter Rolls: ‘What Are They Afraid Of?’
Supreme Court Slaps Down Lower Court Ruling That Backed Biden Admin’s War on Natural Gas Appliances
New Jersey Democrats advance bill criminalizing interference with abortion, transgender healthcare
Liberals File Lawsuit to Stop White House UFC Event Celebrating America’s 250th Birthday
Los Angeles mayoral primary results: Spencer Pratt upstart campaign falls short
Platner floats jailing billionaires in fiery pre-primary speech pushing far-left agenda
LA mayoral race heads to November runoff as Karen Bass faces Mamdani-style socialist
Spencer Pratt Points Out Odd Coincidence in Vote Tally: ‘Where Have I Seen That Number Before?’
Rogue swimmer arrested after diving into 11-acre Central Park lake in failed attempt to escape NYPD
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.
