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Hunter Biden Steps Down From Board of Chinese Company at the Center of Trump’s Conspiracy Theory

Hunter Biden Steps Down From Board of Chinese Company at the Center of Trump’s Conspiracy Theory

Former Vice President Joe Biden’s son, Hunter, is stepping down from a Chinese company that is at the heart of one of President Trump’s debunked conspiracy theories.

Biden’s attorney, George Mesires, published a statement on Medium refuting false claims made by President Trump and his allies about Hunter Biden’s work in Ukraine and China.

Mesires wrote that Biden, who “has not received any compensation” as a member of the board of directors for the Chinese equity investment fund management firm BHR and intends to step down from the board by the end of October.

Trump has alleged that Biden got $1.5 billion from China while his dad was vice president even though there is not an iota of evidence to back up his entirely false claim.

“Hunter neither played a role in the formation or licensure of the company, nor owned any equity in it while his father was Vice President,” Mesires wrote. “BHR was capitalized with 30 million renminbi (RMB), or approximately $4.2 million USD at today’s currency exchange rates. In October 2017, Hunter committed to invest approximately $420,000 USD (as of 10/12/2019) to acquire a 10% equity position in BHR, which he still holds.”

“He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest,” the statement added. “Moreover, Hunter played no role in directing or making BHR’s investments.”

Biden attorney refutes Trump’s Ukraine lies:

Trump has similarly pushed a widely debunked conspiracy theory that Joe Biden had a Ukrainian prosecutor who was investigating a firm Hunter Biden worked for fired in exchange for aid. In actuality, there was a western consensus to remove the prosecutor for not going after corruption and there was no evidence that Biden was in any way involved with any illicit activity.

“Hunter stepped off Bursima’s board in April, 2019,” Mesires wrote. “Despite extensive scrutiny, at no time has any law enforcement agency, either domestic or foreign, alleged that Hunter engaged in wrongdoing at any point during his five-year term.”

“Hunter undertook these business activities independently. He did not believe it appropriate to discuss them with his father, nor did he,” the attorney said. “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.”

Hunter to break silence in TV interview:

Hunter Biden will break his silence in an interview with ABC News that will air on Tuesday, the same day as the next Democratic debate.

“Biden campaign says the campaign was informed of Hunter's Sunday statement and new TV interview but the decisions about when and how to speak have been Hunter's, not the campaign's,” CNN’s Jake Tapper reported.

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