Hunter Biden announced Sunday that he will resign from the board of a Chinese-backed private equity company, adding a promise that if his father wins the 2020 presidential election, he will no longer work for foreign companies.
The Biden family’s questionable relationships with Ukraine have caused Joe to take a tumble in the polls and Hunter is willing to say whatever it takes to salvage what little hope his father has left of being president.
“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,” reads a statement released by Hunter’s lawyer George Mesires.
“He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Hunter served on the board of BHR (Shanghai) Equity Investment Fund Management Company, which is backed by several Chinese state-owned companies. The statement claims that while Hunter never received payment from the company, Hunter has invested “approximately $420,000 in October 2017 to acquire a 10% equity position in BHR, which he still holds.”
“To date, Hunter has not received any compensation for being on BHR’s board of directors. He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest. Moreover, Hunter played no role in directing or making BHR’s investments. Hunter intends to resign from the BHR board of directors on or by October 31, 2019,” Mesires wrote.
Trump has reason to think otherwise however, as he claims Hunter has made $1.5 billion in China for the private equity firm after he flew there in 2013 with his father aboard Air Force Two.
Hunter has admitted in the past that he met with Jonathan Li, a Chinese banker who is a partner in a Chinese investment fund, during the 2013 trip, but says it was merely a social visit.
On Sunday, the President went after Biden’s son on Twitter, pointing out that he has “disappeared” since the scandals have emerged.
“Where’s Hunter? He has totally disappeared!. Now looks like he has raided and scammed even more countries! Media is AWOL.”
George Washington University law professor said there is truth to the president’s remarks about the media.
“For news shows on MSNBC, CNN and other cable networks, nothing is more disgusting than the mention of what Hunter Biden actually was doing in Ukraine,” Turley writes in The Hill.
“What is most remarkable about the paucity of coverage of Hunter Biden’s dealings is the conclusory mantra that, ‘This has all been investigated.’”
Turley also pointed out the Biden campaign’s attempts to silence news organizations from running stories on the subject.
“Indeed, the Biden campaign has been remarkably open in demanding that news organizations stop airing interviews or publishing articles about the allegations,” Turley write.
“Instead of calling it ‘fake news’ (which is virtually copyrighted by Trump), the Biden campaign calls such coverage ‘conspiracy theories.’”
The official statement released Sunday said Hunter will pledge not to perform foreign work if his father is elected.
“Hunter makes the following commitment: Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests. In any event, Hunter will agree not to serve on boards of, or work on behalf of, foreign owned companies.”
“He will continue to keep his father personally uninvolved in his business affairs, while availing himself as necessary and appropriate to the Office of the White House Counsel to help inform his application of the Biden Administration’s guidelines or standards to his business decision-making.”