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.
Americans keep moving to Texas and Florida — but one other red state is growing even faster
China orders firms to ignore US Iran sanctions, daring US to enforce crackdown
Mamdani Berates Billionaire Outside His Residence Near UnitedHealthcare CEO Assassination Site
Oregon burglary suspect nabbed after crashing SUV during police chase: video
Rudy Giuliani out of ICU, continuing to recover in hospital: ‘He’s winning this fight’
DHS urges Wisconsin ‘sanctuary’ county to keep illegal immigrant accused in elderly sexual assaults jailed
Judge denies Fulton County bid to retrieve 2020 ballots seized by FBI
Backlash erupts over viral video of CAIR leader as Newsom funding draws scrutiny
Kentucky man enters insanity plea after admitting to beating his grandmother to death in recorded attack
California immigration judge sues DOJ, alleging she was fired for being a registered Democrat, a woman over 40
Trump’s Psychedelic Push May Open a Door Christians Should Question
Schumer’s ‘No. 1 target’ says voters will see her Democrat Senate challenger as too extreme
Leftist Influencer’s Mangione Celebration Resurfaces After He Opposes Death Penalty for Child Murderer
Justice Neil Gorsuch breaks silence on violent threats against judiciary, Supreme Court leaks
Louisiana bill expands first-degree murder charges and death penalty eligibility after mall shooting
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.
Americans keep moving to Texas and Florida — but one other red state is growing even faster
China orders firms to ignore US Iran sanctions, daring US to enforce crackdown
Mamdani Berates Billionaire Outside His Residence Near UnitedHealthcare CEO Assassination Site
Oregon burglary suspect nabbed after crashing SUV during police chase: video
Rudy Giuliani out of ICU, continuing to recover in hospital: ‘He’s winning this fight’
DHS urges Wisconsin ‘sanctuary’ county to keep illegal immigrant accused in elderly sexual assaults jailed
Judge denies Fulton County bid to retrieve 2020 ballots seized by FBI
Backlash erupts over viral video of CAIR leader as Newsom funding draws scrutiny
Kentucky man enters insanity plea after admitting to beating his grandmother to death in recorded attack
California immigration judge sues DOJ, alleging she was fired for being a registered Democrat, a woman over 40
Trump’s Psychedelic Push May Open a Door Christians Should Question
Schumer’s ‘No. 1 target’ says voters will see her Democrat Senate challenger as too extreme
Leftist Influencer’s Mangione Celebration Resurfaces After He Opposes Death Penalty for Child Murderer
Justice Neil Gorsuch breaks silence on violent threats against judiciary, Supreme Court leaks
Louisiana bill expands first-degree murder charges and death penalty eligibility after mall shooting
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.
