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FREEPER POST Biden's son was once a lobbyist who made $1.8 million. He said it was legal because, when he had to lobby his dad, he sent someone else from the office. When Biden ran for VP, they had him quit the lobby gig and he went to work as a rookie broker at a hedge fund for $1.2 million.
Then Biden's son and brother launched a take-over of the hedge fund and it all gets murky after that. We always hear that Biden is broke but there is apparently more to it than that. Harry Reid has the same deal; his sons are “lobbyists”. You hire them if you want to talk to their dad.
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REFERENCE Biden's son Hunter Biden was previously a top official at PARADIGM Global Advisors, a hedge-fund holding company founded with Vice President Biden’s brother, James, and marketed by convicted finance fraudster Allen Stanford. As Paradigm chairman, Hunter Biden oversaw half a billion dollars of client money invested in hedge funds while remaining a lobbyist. Cooper chipped in $2 million for the ill-fated venture, which went down in flames amid nasty fraud lawsuits." (NOTE Stanford is now in jail but the Biden's got off scot-free.)
"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus.
My son and brother are gonna help me disperse the money. "
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Offshore Fraudster had links to offshore fund run by VP Biden's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Reuters) – A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.
The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.
Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...
NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)
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Biden snicks and snarks about the "one percenters"---but he doesn't refuse their money. Read on.
NY POST PAGE SIX---Obama still has some friends in investment banking. Chad Leat, managing director and chairman of Alternative Asset Group — Investment Banking at Citigroup Inc, is hosting a $10,000-a-plate dinner for Vice President Joe Biden on Aug. 24 at his home, The Barnyard in Bridgehampton. Leat is described in Hamptons Cottages and Gardens as a “banker, dedicated equestrian and imaginative host,” with an “elegant, but hip” home. On the table for discussion will undoubtedly be the economy and jobs. Probably not up for discussion will be that in 2008 Citigroup got a $45 billion government bailout in two installments .
SOURCEhttp://www.nypost.com/p/pagesix/bank_on_biden_ENPOT9A8JA2WkAzbYoNCgI#ixzz21ujanwHC
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NY POST PAGE SIX--- Nathan Lane will host an Obama fund-raiser attendedby Joe Joe Biden at the Bridgehampton home of Ellen Chesler and Matthew Mallow. The Aug. 24 event, called "East End for Obama," will feature a performance by singer James Taylor. Hosts include actress Julianne Moore, “Sopranos” star Edie Falco and Jane Holzer. This is one of the few Obama fund-raisers in the Hamptons, Chesler bragged and e-mailed media that the event “began in the arts community out East but has morphed into what we understand will be the major Obama campaign event this summer in the Hamptons.” Tickets range from $500 to $10,000 to join the host committee and get a photo with Biden
SOURCEhttp://www.nypost.com/p/pagesix/new_odd_couple_NauGUHaN4AmdoDKr60CluM#ixzz21uknQDmI