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.
Affluent Upper East Side explodes in outrage over controversial homeless shelter: ‘Unacceptable!’
Trump threatens ‘consequences’ after 6 House Republicans voted to reverse his Canada tariffs
Illegal alien youth coach could face death penalty after allegedly murdering, raping teen player
Wild Exchange: Nadler Makes Mistake of Insulting Bondi, Triggering a Scorched Earth Response Where She Brings the Receipts on His Hypocrisy and ‘Gutter’ Behavior
Chinese criminal gang allegedly recruited Navy members for sham marriages and base access
Watch: Nadler Appears to Be Dead Asleep at Epstein DOJ Hearing – Same Hearing Where He Accused AG Bondi of Not Caring About Victims
GOP Senator Does Deep Dive on Trump Assassination Attempt and Remains Troubled by ‘Unresolved’ Questions
DHS unloads on anti-ICE Dems after man arrested with manifesto, ‘disturbing’ alleged plot to kill agents
Grand Jury Delivers Decision on Indictments for Democrats Known as the ‘Seditious Six’
Hispanic conservatives accuse House GOP hopeful of defrauding donors and activists
McConnell released from hospital after health scare, to work from home as key DHS vote looms
Democrats rip Bondi over handling of Epstein case in rowdy House hearing
Bondi has tense exchanges with lawmakers in first House hearing since confirmation
Exclusive: FBI captures longtime fugitive in Honduras in connection with 2000 killing of Philadelphia girl
Retail records could unmask potential subject in Nancy Guthrie case as experts reveal ‘clothing is evidence’
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.
Affluent Upper East Side explodes in outrage over controversial homeless shelter: ‘Unacceptable!’
Trump threatens ‘consequences’ after 6 House Republicans voted to reverse his Canada tariffs
Illegal alien youth coach could face death penalty after allegedly murdering, raping teen player
Wild Exchange: Nadler Makes Mistake of Insulting Bondi, Triggering a Scorched Earth Response Where She Brings the Receipts on His Hypocrisy and ‘Gutter’ Behavior
Chinese criminal gang allegedly recruited Navy members for sham marriages and base access
Watch: Nadler Appears to Be Dead Asleep at Epstein DOJ Hearing – Same Hearing Where He Accused AG Bondi of Not Caring About Victims
GOP Senator Does Deep Dive on Trump Assassination Attempt and Remains Troubled by ‘Unresolved’ Questions
DHS unloads on anti-ICE Dems after man arrested with manifesto, ‘disturbing’ alleged plot to kill agents
Grand Jury Delivers Decision on Indictments for Democrats Known as the ‘Seditious Six’
Hispanic conservatives accuse House GOP hopeful of defrauding donors and activists
McConnell released from hospital after health scare, to work from home as key DHS vote looms
Democrats rip Bondi over handling of Epstein case in rowdy House hearing
Bondi has tense exchanges with lawmakers in first House hearing since confirmation
Exclusive: FBI captures longtime fugitive in Honduras in connection with 2000 killing of Philadelphia girl
Retail records could unmask potential subject in Nancy Guthrie case as experts reveal ‘clothing is evidence’
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.
