Hunter Biden, the son of Democratic presidential candidate and former Vice President Joe Biden, said in a statement Sunday that he's stepping down from his position on the board of a Chinese-backed private equity firm. The decision comes after members of the Trump administration, namely the president's personal attorney Rudy Giuliani, accused the Bidens of corruption related to Hunter's foreign business ties. "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," Hunter Biden's attorney, George Misers, said in the statement. "In any event, Hunter will agree to not serve on boards of, or work on behalf of, foreign owned companies."

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