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.
New report uncovers education groups’ DEI push to shape how artificial intelligence is used in classrooms
Hegseth turns tables on Dems as sparks fly during hearing clash: ‘I put this on you’
Mike Lindell proposes six-month amnesty for illegal immigrants if elected Minnesota governor
Trump flexes GOP muscle in Arizona primaries as Dems dodge far-left upset
Rubio says US remains open to Iran talks but warns there ‘will be consequences’
House narrowly backs allowing troops, Pentagon workers to carry personal guns on military bases
Progressive wave crashes in Sun Belt battleground as moderate holds his seat
House GOP votes to punt government shutdown battle to after November midterms
Woman’s remains identified by DNA in Virginia, exposing second alleged murder linked to same 4 suspects
Mamdani goes back on campaign promise, says NYC can’t arrest Netanyahu
Watch: Leftist Witness Confused by Jasmine Crockett’s Wild ‘Racism’ Claim About the World Cup Final
Alleged ‘mime’ stalker stripped to underwear, covered himself in cooking oil: officials
Watch: Dog Moves Like Lightning to Protect Her Boy from Charging Black Bear and Gets the Job Done
David Hogg Rips DNC’s Campaign Arm as ‘Evil’ and Says Top Party Fundraisers ‘Pick Terrible Candidates’
Slack messages released by Rand Paul appear to show authors of key COVID-19 origin paper held private doubts
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.
New report uncovers education groups’ DEI push to shape how artificial intelligence is used in classrooms
Hegseth turns tables on Dems as sparks fly during hearing clash: ‘I put this on you’
Mike Lindell proposes six-month amnesty for illegal immigrants if elected Minnesota governor
Trump flexes GOP muscle in Arizona primaries as Dems dodge far-left upset
Rubio says US remains open to Iran talks but warns there ‘will be consequences’
House narrowly backs allowing troops, Pentagon workers to carry personal guns on military bases
Progressive wave crashes in Sun Belt battleground as moderate holds his seat
House GOP votes to punt government shutdown battle to after November midterms
Woman’s remains identified by DNA in Virginia, exposing second alleged murder linked to same 4 suspects
Mamdani goes back on campaign promise, says NYC can’t arrest Netanyahu
Watch: Leftist Witness Confused by Jasmine Crockett’s Wild ‘Racism’ Claim About the World Cup Final
Alleged ‘mime’ stalker stripped to underwear, covered himself in cooking oil: officials
Watch: Dog Moves Like Lightning to Protect Her Boy from Charging Black Bear and Gets the Job Done
David Hogg Rips DNC’s Campaign Arm as ‘Evil’ and Says Top Party Fundraisers ‘Pick Terrible Candidates’
Slack messages released by Rand Paul appear to show authors of key COVID-19 origin paper held private doubts
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.
