Well, this is a very bad look for Hunter Biden and makes him look guilty as all get out… which he is, of course. Hunter is stepping down 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. In an awkward statement, he said that none of it was illegal, but that he would never do it again, whatever that means.
President Trump has been relentless in attacking the Biden clan’s perceived and actual corrupt business dealings. That caused Hunter to make a poor decision in stepping down which only makes him look guiltier and even more tainted business-wise. All of the Biden’s dealings with Ukraine, China and Barack Obama will eventually be brought into the light and their corruption will be exposed. Hunter’s stepping down will not win his father the nomination or fend off scrutiny… quite the opposite — it tanks Joe Biden’s political aspirations rather nicely.
“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.
“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.
“He doesn’t know what a gasoline tank looks like,” Trump said, explaining Biden’s son knew nothing about energy despite earning up to $83,000 a month for sitting on a board of a corrupt energy company in Ukraine.
“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.”
Hunter Biden's response to questions about potentially improper foreign business dealings while his father was VP, it wasn't wrong but I won't do it again… https://t.co/oNLlklUv6Q
— Marc Lotter (@marc_lotter) October 13, 2019
The company that Hunter Biden is stepping down from is BHR (Shanghai) Equity Investment Fund Management, an LLC that invests Chinese money outside of the country. Hunter Biden sat on the board of directors. His lawyer said in the statement that Biden joined the company “based on his interest in seeking ways to bring Chinese capital to international markets.” He was helping communists invest in and gain control in foreign markets using the Biden name. It smacks of economic espionage.
According to his attorney Biden never made any money from the position, nor did he play any role in directing or making investments. Still, he intends to resign at the end of the month. Except if you dig a bit you will find that Biden made millions, I would wager. No one sits on a board like that for free. It’s all in the wording. You can bet that Hunter Biden profited from sitting on that board in one form or another.
Trump accused Hunter Biden of using an Air Force Two trip to China in 2013 with his father to get $1.5 billion from the country for his fund. “Biden and his son are stone-cold crooked and you know it,” Trump told a reporter during an Oct. 2 press conference with Finland President Sauli Niinistö. “His son walks out with millions of dollars. The kid knows nothing.”
As RedState so brilliantly put it, “While others in politics would have had their surrogates go out and do the dirty work, Trump says hold my non-alcoholic beer and goes and does it himself.” He has put a spotlight on the Biden business dealings and what it reveals is not pretty, ethical, or above-board. What makes anyone think that Biden would be any ‘cleaner’ as president? Someone should have done this long ago.