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.
University president sounds alarm as nearly half of students justify violence to stop ‘hate speech’
Florida puts 77-year-old man to death for deputy’s murder as state closes in on execution record
Pennsylvania Welfare Supervisor Accused of Stealing Thousands in Food Stamps, Trading Them for Crack Cocaine
Trump Announces New Fraud Bounty Program, Nick Shirley First to Cash In
U2 Singer Bono Attacks Christians and Jews Who Support Ending Government Waste, Shuttering USAID
Husband of Democratic Party Chair Charged with Stealing $20 Million from Federal Education Grants
Honduran illegal immigrant charged with assaulting ICE officers with hammer during New Jersey traffic stop
Watch: Abdul El-Sayed Has His Hillary Clinton ‘Hot Sauce in Purse’ Moment in Cringey, Pandering Interview
Democrats Plotting to Use Bitter Ex-Girlfriend to Take Down Elon Musk
Judge Trump called a ‘lunatic’ abruptly backs off demand after showdown with DOJ No. 3
Trump says Ilhan Omar could go to jail or be deported, calls her ‘a disgrace to our country’
Philadelphia DA Larry Krasner’s office faces subpoenas after judicial referral
Declassified Docs Show State Dept.’s Testimony During 2019 Trump Impeachment Was Radically Different from Reality
Reporter’s Notebook: A Democratic majority could expose the limits of the progressive agenda
Ilhan Omar’s daughters show up at scene of DC raid as rumors swirl about embattled rep’s whereabouts
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.
University president sounds alarm as nearly half of students justify violence to stop ‘hate speech’
Florida puts 77-year-old man to death for deputy’s murder as state closes in on execution record
Pennsylvania Welfare Supervisor Accused of Stealing Thousands in Food Stamps, Trading Them for Crack Cocaine
Trump Announces New Fraud Bounty Program, Nick Shirley First to Cash In
U2 Singer Bono Attacks Christians and Jews Who Support Ending Government Waste, Shuttering USAID
Husband of Democratic Party Chair Charged with Stealing $20 Million from Federal Education Grants
Honduran illegal immigrant charged with assaulting ICE officers with hammer during New Jersey traffic stop
Watch: Abdul El-Sayed Has His Hillary Clinton ‘Hot Sauce in Purse’ Moment in Cringey, Pandering Interview
Democrats Plotting to Use Bitter Ex-Girlfriend to Take Down Elon Musk
Judge Trump called a ‘lunatic’ abruptly backs off demand after showdown with DOJ No. 3
Trump says Ilhan Omar could go to jail or be deported, calls her ‘a disgrace to our country’
Philadelphia DA Larry Krasner’s office faces subpoenas after judicial referral
Declassified Docs Show State Dept.’s Testimony During 2019 Trump Impeachment Was Radically Different from Reality
Reporter’s Notebook: A Democratic majority could expose the limits of the progressive agenda
Ilhan Omar’s daughters show up at scene of DC raid as rumors swirl about embattled rep’s whereabouts
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.
