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.
GSA finds China-made tech labeled ‘Made in USA’ in federal procurement program, orders sweeping review
Darline Graham Nordone nabs Senate runoff endorsement from ex-primary rival Russell Fry
Danish PM calls migrants with ‘Islamic background’ the greatest threat as Europe braces for second migrant wave
‘Raw material for election fraud’: Expert flags voter-roll problems far beyond one state
Breaking: Luigi Mangione Confesses to Assassinating Health Care CEO, Pleads Guilty to Murder
Female Suspect in WWII Memorial Defacement Arrested, Jeanine Pirro Announces Felony Charges
Cuban ties put powerful US union under microscope over alleged communist influence push
This 2002 Sports Comedy Predicted the WNBA’s Trans Predicament, But Real Life is Even Funnier: Spoilers
WWII Memorial vandalism suspect now in custody, to be charged with two felonies, Pirro announces
WNBA Suddenly Needs Time to Evaluate Men Competing, But the League Wasn’t Confused in This Resurfaced Post
American missionary Kevin Rideout released after more than 9 months in captivity in Niger
Deadly Connecticut home invasion suspect texted ‘I’ll make her life hell’ before attack: report
‘House’ Star Hugh Laurie Blasted by Left After Standing with Sophie Cunningham and Her Fight to Keep Men Out of Women’s Sports
No Death Penalty: Tyler Robinson’s Attorneys Launch Plan to Keep Charlie Kirk’s Accused Murderer Off Death Row – and It Could Work
Nigel Farage beats Count Binface to stay as Clacton-on-Sea’s member of Parliament
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.
GSA finds China-made tech labeled ‘Made in USA’ in federal procurement program, orders sweeping review
Darline Graham Nordone nabs Senate runoff endorsement from ex-primary rival Russell Fry
Danish PM calls migrants with ‘Islamic background’ the greatest threat as Europe braces for second migrant wave
‘Raw material for election fraud’: Expert flags voter-roll problems far beyond one state
Breaking: Luigi Mangione Confesses to Assassinating Health Care CEO, Pleads Guilty to Murder
Female Suspect in WWII Memorial Defacement Arrested, Jeanine Pirro Announces Felony Charges
Cuban ties put powerful US union under microscope over alleged communist influence push
This 2002 Sports Comedy Predicted the WNBA’s Trans Predicament, But Real Life is Even Funnier: Spoilers
WWII Memorial vandalism suspect now in custody, to be charged with two felonies, Pirro announces
WNBA Suddenly Needs Time to Evaluate Men Competing, But the League Wasn’t Confused in This Resurfaced Post
American missionary Kevin Rideout released after more than 9 months in captivity in Niger
Deadly Connecticut home invasion suspect texted ‘I’ll make her life hell’ before attack: report
‘House’ Star Hugh Laurie Blasted by Left After Standing with Sophie Cunningham and Her Fight to Keep Men Out of Women’s Sports
No Death Penalty: Tyler Robinson’s Attorneys Launch Plan to Keep Charlie Kirk’s Accused Murderer Off Death Row – and It Could Work
Nigel Farage beats Count Binface to stay as Clacton-on-Sea’s member of Parliament
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.
