Hunter Biden Releases Statement – Will Step Down from Chinese-Backed Private Equity Firm – But Will Keep his Money

Joe Biden’s multi-millionaire son Hunter Biden stepped down from his Chinese-backed private equity firm that had $1.5 billion from Chinese.

Hunter made the deal during a trip to China with his father on Air Force II.

This comes after President Trump brought attention to the Biden Crime Family scandals.

 

Newsmax reported:

Hunter Biden is stepping down from the board of a Chinese-backed private equity company and promising to forego all foreign work if his father, former U.S. Vice President Joe Biden, is elected president in 2020.

After months of keeping a relatively low-profile as President Donald Trump leveled a barrage of unsubstantiated accusations of corruption at him, the younger Biden is publicly vowing to avoid any conflict of interest.

According to a statement released on his behalf by his lawyer George Mesires, Biden said he’ll resign at the end of the month from the management company of a private equity fund that’s backed by Chinese state-owned entities. He also pledged that he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration. He reiterated that he never discussed his business activities with his father.

“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.”

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