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.
Breaking: OJ Simpson Witness and LAPD Detective Mark Fuhrman Dead at 74
Report: Immigrants Are Voluntarily Leaving US in Record Numbers Under Trump
DC Bar lawyer withdraws from Ed Martin disciplinary case after partisan posts surface
Hegseth unleashes on Massie in GOP primary showdown against Trump-backed Navy SEAL vet
Senate Republicans confirm nearly 50 of Trump’s picks for energy, land management
WATCH: Mamdani bashed for going ‘full deranged marxist’ with rip on famous Ronald Reagan line
Breaking: 2 Shooters at California Islamic Center Neutralized – Multiple Causalities Confirmed
Trump Sends First of Its Kind Message to ‘Rededicate 250’ Attendees Who Flooded the National Mall to Recommit America to God
Skid Row election scheme allegedly fueled by pocket-change payoffs busted by Trump DOJ
Report: Chinese propaganda, Singham network, foreign dark money linked to campaigns against data centers
Active shooter reported at San Diego Islamic center as SWAT, emergency crews respond
Apologies and cash headed to alleged ‘weaponization’ victims in billion-dollar Trump settlement
Breaking: Jury Sides Against Musk in OpenAI Lawsuit
Dem who welcomed socialist mayor’s ‘change’ now sounding alarm over billionaire exodus: ‘Gravely concerned’
Video: AOC Wheels Out Political Prop We’ve Never Seen Before – A Bulletproof Barrier, But There’s a Giant Problem
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.
Breaking: OJ Simpson Witness and LAPD Detective Mark Fuhrman Dead at 74
Report: Immigrants Are Voluntarily Leaving US in Record Numbers Under Trump
DC Bar lawyer withdraws from Ed Martin disciplinary case after partisan posts surface
Hegseth unleashes on Massie in GOP primary showdown against Trump-backed Navy SEAL vet
Senate Republicans confirm nearly 50 of Trump’s picks for energy, land management
WATCH: Mamdani bashed for going ‘full deranged marxist’ with rip on famous Ronald Reagan line
Breaking: 2 Shooters at California Islamic Center Neutralized – Multiple Causalities Confirmed
Trump Sends First of Its Kind Message to ‘Rededicate 250’ Attendees Who Flooded the National Mall to Recommit America to God
Skid Row election scheme allegedly fueled by pocket-change payoffs busted by Trump DOJ
Report: Chinese propaganda, Singham network, foreign dark money linked to campaigns against data centers
Active shooter reported at San Diego Islamic center as SWAT, emergency crews respond
Apologies and cash headed to alleged ‘weaponization’ victims in billion-dollar Trump settlement
Breaking: Jury Sides Against Musk in OpenAI Lawsuit
Dem who welcomed socialist mayor’s ‘change’ now sounding alarm over billionaire exodus: ‘Gravely concerned’
Video: AOC Wheels Out Political Prop We’ve Never Seen Before – A Bulletproof Barrier, But There’s a Giant Problem
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.
