Posted on 09/12/2008 11:31:26 PM PDT by Berlin_Freeper
The son of Democratic vice presidential nominee Joe Biden is getting out of the federal lobbying business.
Hunter Biden's work has made him a Republican target in the presidential contest.
(Excerpt) Read more at ksby.com ...
"..A son and a brother of Sen. Joseph R. Biden Jr. (D-Del.) are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went sour, court records show.
The Democratic vice presidential candidate's son Hunter, 38, and brother James, 59, assert instead that their former partner defrauded them by misrepresenting his experience in the hedge fund industry and recommending that they hire a lawyer with felony convictions.
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. ad_icon
Hunter Biden was made president with an annual salary of $1.2 million, despite his inexperience in the hedge fund industry, the lawsuit said. Before that, he had been part of the Washington law firm Oldaker, Biden & Belair, which earned $1.76 million in lobbying revenue in the first half of 2006, according to Congressional Quarterly's CQ MoneyLine. One of its biggest clients is the National Association of Shareholder and Consumer Attorneys, a District-based group representing law firms specializing in investment and corporate law. ...."
If this was Palin's kid this would be all over the news instead of page 9.
A little late for that - isn’t it?
It the little bastard going to return all the “salary” he was paid for expertise he didn’t have but for access he DID have....
He will “reinlist” once the campaign is over.
The media was just putting too much heat on them, Biden’s son jut couldn’t keep it up. /sarc
How can Biden be vice-president and support a lobbyist at the same time?
Let's check Google News:
Not hardly.
Hunter Biden's shady business practices have made him the target of an embarrassing lawsuit. Oh well, why complain, at least it got a notice.
Harry Reid plays the same way. His sons are lobbyists. If you want access to Harry, you “hire” one of his sons for about $300K.
In the Democratic Party that kind of behavior gets you Speaker of the House, or even a place on the presidential ticket.
Just in time for the debates.
How about the other son who ran a false/fabricated/fantasy/imaginary indictment of an homosexual accuser of Obamessiah (Larry Sinclair)? Is that Biden son going to resign?
A back of the envelope calc shows that Hunter Biden pulls in $1.2M in a company that earned $1.76M in the 1st half of the year, extrapolated to $3.52M.
34% of the company’s earnings went to one man’s salary.
I am definitely in the wrong line of work...
Ain’t it the Truth! That is the way it works for the well connected! These pols are shrewd, they set things up so their relatives get the windfall. It is perfectly legal, but it is graft by another name.
Or who has enough respect for his father, that he would quit his job.
Shine a light on one crooked democrat over here and he disappears down a hole only to have another one pop up over there as soon as the light is off.
It sounds as if this guy is in training to join a democrat Senatorial staff or run for Dad's slot someday. He is certainly accruing the necessary credentials.
See the Obomessiah told you! Mc C is bad for the economy. Why he’s already responsible for Joe’s son losing his “job”.
Things getting a little too hot in the kitchen, plugs? Is that why you went through your ‘Who am I? Why am I here?’ charade embracing Hillary as a better pick?
Let’s get serious; he says he is out. In any event, if he really is, it will only be until after the election.
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