By Townhall. Hunter Biden has decided to step down from the board of BKR, a Chinese private equity firm, and vows to avoid foreign work should his father, former Vice President Joe Biden, become 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,” Hunter’s attorney, George Mesires, said in a statement. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.” . . .
“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,” Mesires said. “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,” Mesires said.
Former Vice President Joe Biden’s son, Hunter, has been at the center of the Ukraine scandal. While Biden was handling international relations with Ukraine on behalf of the Obama administration, Hunter was being paid $50,000 a month by Ukrainian gas company Bursima despite having no natural energy experience. (Read more from “Hunter Biden Breaks His Silence on Ukraine Scandal” HERE)
Expert: Hunter Biden Likely Still Has Millions in China-Backed Investment Fund
By Breitbart. Former Vice President Joe Biden’s son Hunter Biden announced Sunday that he was stepping down from his board position at BHR Equity Investment Fund Management, but he likely still has millions of dollars of value in the company.
Hunter Biden has a 10 percent stake in BHR, which he acquired through a company he created named Skaneateles LLC in 2017.
Although Hunter Biden’s lawyer has said that his client’s stake in the company is only valued at $420,000, a FactCheck.org analysis estimates it’s value to be millions.
“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Steven Kaplan of the University of Chicago Booth School of Business told FactCheck.org. “The distinction they appear to be making is they capitalized the management company with $4.2 M even if the fund manages $2 B. The value of that management company is likely far in excess of $4.2 M if they are managing $2 B.” (Read more from “Expert: Hunter Biden Likely Still Has Millions in China-Backed Investment Fund” HERE)