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.
Fact check: Trump claims no autism cases among unvaccinated Amish children
Breaking: SCOTUS Gives Trump’s Ballroom Construction the Green Light
Bryan Kohberger’s new lawyer says key questions may soon get answers in court
Vance hosts members from Michigan synagogue attack at rally after el Sayed apology
Vance unloads on El-Sayed after Usha swipe with brutal warning: ‘Way out of your league’
Trump’s White House ballroom construction gets another lifeline from SCOTUS amid heated legal fight
The Fight Against Globalism Is Local: Why Americans Are Fighting Flock Cameras and Data Centers
Democratic Socialists of America Embroiled in ‘Civil War’ Over Future as AOC Is Slammed for ‘Consistent Pattern of Opportunism’
Dem Senate Candidate Abdul El-Sayed Attempts to Cover Up His Past Comments About 9/11
Trump admin revives ‘Apprentice’-era energy with $1M business battle in DC
El-Sayed torched online after brushing off questions about Hasan Piker campaign ties: ‘What a pal’
US Fish and Wildlife Service officer dies during wildfire evacuation efforts in Oklahoma, agency says
Kalshi bans George Santos for life over State of the Union price manipulations
Rahm Emanuel Disavows Far-Left Socialists, Says They’re Not ‘Part of the Democratic Party’
Gunman ID’d in Slaughter of 8 Family Members at Sunday Dinner As Disturbing Motive Comes Into Focus
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.
Fact check: Trump claims no autism cases among unvaccinated Amish children
Breaking: SCOTUS Gives Trump’s Ballroom Construction the Green Light
Bryan Kohberger’s new lawyer says key questions may soon get answers in court
Vance hosts members from Michigan synagogue attack at rally after el Sayed apology
Vance unloads on El-Sayed after Usha swipe with brutal warning: ‘Way out of your league’
Trump’s White House ballroom construction gets another lifeline from SCOTUS amid heated legal fight
The Fight Against Globalism Is Local: Why Americans Are Fighting Flock Cameras and Data Centers
Democratic Socialists of America Embroiled in ‘Civil War’ Over Future as AOC Is Slammed for ‘Consistent Pattern of Opportunism’
Dem Senate Candidate Abdul El-Sayed Attempts to Cover Up His Past Comments About 9/11
Trump admin revives ‘Apprentice’-era energy with $1M business battle in DC
El-Sayed torched online after brushing off questions about Hasan Piker campaign ties: ‘What a pal’
US Fish and Wildlife Service officer dies during wildfire evacuation efforts in Oklahoma, agency says
Kalshi bans George Santos for life over State of the Union price manipulations
Rahm Emanuel Disavows Far-Left Socialists, Says They’re Not ‘Part of the Democratic Party’
Gunman ID’d in Slaughter of 8 Family Members at Sunday Dinner As Disturbing Motive Comes Into Focus
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.
