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.
School Officer Stops Armed Teenager Before He Enters Building
Colorado Dems Pass Law Banning Pet Stores from Selling Dogs and Cats
Rubio to visit Italy, Vatican amid troop drawdown call, tension with Trump, Pope Leo: reports
Somali Fraud Is Only a Drop in the Bucket Compared to This Indian Fraud Scheme
Midterm countdown: Democrats lead early, but GOP sees a path through the map
The ballot box showdowns this month that you need to watch
Massive fire destroys University of South Florida laboratory building: ‘Total loss’
War with Iran Poised to Erupt Again After Weeks of Ceasefire If Peace Talks Fail
Car Enthusiast Jerry Seinfeld Blasts EVs: ‘It’s a Big, Stupid Virtue Signal’
Breaking: Iran Peace Proposal Aimed at Ending War Under Trump’s Review – ‘I’m Looking at It’
Student charged after 5 stabbed at high school in violent altercation over vape pen
Activist remains perched atop DC bridge protesting Iran war, AI development: ‘The spirit moves me’
Abortion pill fight heads to Supreme Court as manufacturer warns of ‘chaos’ after ruling
Trump Talks ‘Taking Over’ Cuba ‘Almost Immediately… on the Way Back from Iran’
Bad Timing: California Gov. Gavin Newsom Ratchets Up Feud With Joe Rogan as Republicans Lead the Field to Replace Him
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.
School Officer Stops Armed Teenager Before He Enters Building
Colorado Dems Pass Law Banning Pet Stores from Selling Dogs and Cats
Rubio to visit Italy, Vatican amid troop drawdown call, tension with Trump, Pope Leo: reports
Somali Fraud Is Only a Drop in the Bucket Compared to This Indian Fraud Scheme
Midterm countdown: Democrats lead early, but GOP sees a path through the map
The ballot box showdowns this month that you need to watch
Massive fire destroys University of South Florida laboratory building: ‘Total loss’
War with Iran Poised to Erupt Again After Weeks of Ceasefire If Peace Talks Fail
Car Enthusiast Jerry Seinfeld Blasts EVs: ‘It’s a Big, Stupid Virtue Signal’
Breaking: Iran Peace Proposal Aimed at Ending War Under Trump’s Review – ‘I’m Looking at It’
Student charged after 5 stabbed at high school in violent altercation over vape pen
Activist remains perched atop DC bridge protesting Iran war, AI development: ‘The spirit moves me’
Abortion pill fight heads to Supreme Court as manufacturer warns of ‘chaos’ after ruling
Trump Talks ‘Taking Over’ Cuba ‘Almost Immediately… on the Way Back from Iran’
Bad Timing: California Gov. Gavin Newsom Ratchets Up Feud With Joe Rogan as Republicans Lead the Field to Replace Him
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.
