Is Joe Biden Associated With A Fund Of Funds Feeder Scam?

Zero Hedge is always happy to discover something rotten in the state of capital markets. We are even happier when others dig independently and come up with their own startling conclusions. Tonight - we are very happy. John Hempton, who writes the insightful blog Bronte Capital, has done some amazing dot connecting in what, if true, and not swept promptly under the carpet by the powers that be, could expose a hedge fund scandal that could rival the Madoff fiasco, for the simple reason that it implicates none other than Barack Obama's right hand man: Joe Biden.

It’s actually his son, Hunter Biden, who as I understand it is one of the primary marketers for the Punta Negra hedge fund, which [whose assets] were seized by the SEC this last week.

Yes, this could grow legs, but if it does it’ll be “big deal, look what Neil Bush got away with”.

Just some extra information that I am sure all freerepublicers already know.

But one day, I am going to have something you don’t know. You just watch. hee!

http://www.washingtonpost.com/wp-dyn/content/article/2008/08/23/AR2008082302200.html

Biden’s Son, Brother Named in Two Suits

The legal actions have been playing out in New York State Supreme Court since 2007, and they focus on Hunter and James Biden’s involvement in Paradigm Companies LLC, a hedge fund group. Hunter Biden, a Washington lobbyist, briefly served as president of the firm.

A lawsuit filed by their former partner Anthony Lotito Jr. asserts in court papers that the deal was crafted to get Hunter Biden out of lobbying because his father was concerned about the impact it would have on his bid for the White House. Biden was running for the Democratic nomination at the time the suit was filed.

and this one link I found in my saved files just because it shows corruption of Biden. MBNA was Biden’s pay to play. I also have the links to obama earmarks to hunter biden.

http://www.cbsnews.com/stories/2008/08/25/politics/main4383490.shtml

MBNA Paid Biden’s Son As Biden Backed Bill

Hunter Biden Paid Undisclosed Amount As Consultant While Joe Biden Supported Legislation Backed By Credit Card Industry

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