Hunter Biden Steps Down From Chinese Board, Rejects President Trump's Attacks

Hunter Biden reportedly stepped down from the board of a Chinese-backed private equity company and has vowed to cease all foreign work should his father, Joe Biden, be elected president in 2020.

A released Sunday by the younger Biden's attorney, George Mesires, laid out the past several years of Hunter's career in Ukraine and China, which became the subject of national scrutiny over unsubstantiated accusations made by President Donald Trump and his attorney, Rudy Giuliani. The statement detailed how Hunter joined the board of Burisma, Ukraine's largest natural gas producer, in April 2014 while simultaneously remaining as counsel with U.S. law firm Boies Schiller Flexner LLP. The statement rebuked all of Giuliani's conspiratorial claims and denied any "wrongdoing at any point during his five-year term."

Hunter, the second son of former vice president Joe Biden, announced through his attorney Sunday that his father was "personally uninvolved" in all of his business dealings. Mesires wrote that "at no time has any law enforcement agency, either domestic or foreign, alleged that Hunter" participated in any illegal corporate behavior.

"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," according to the statement. "He never anticipated the barrage of false charges against both him and his father by the President of the United States."

Attorney Mesires noted that Hunter will stop any foreign work should Biden win the 2020 presidential election.

"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," the statement read. "He will continue to keep his father personally uninvolved in his business affairs."

Mesires stated that Hunter has not received compensation for being on the board of directors with BHR (Shanghai) Equity Investment Fund Management Company, which has recently been the obsessive focus of Giuliani during cable news appearances in which he has offered no evidence of wrongdoing. BHR is backed by several Chinese state-owned companies and Trump has accused him, without evidence, of walking away with $1.5 billion based on a pre-2014 fundraising target.

"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," the statement continued.

Biden's vow to cease foreign activities has not been reflected in the Trump family, where Donald Jr. and Eric have continued to conduct overseas deals despite their father's claims they would not.

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WFP USA Board Chair Hunter Biden introduces his father Vice President Joe Biden during the World Food Program USA's 2016 McGovern-Dole Leadership Award Ceremony at the Organization of American States on April 12, 2016, in Washington, D.C. Kris Connor/WireImage)