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New book reveals how Biden’s family used his position for profit
New York Post ^ | September 13, 2021 | Ben Schreckinger

Posted on 09/13/2021 8:40:53 AM PDT by karpov

In January 2006, Hunter Biden was a lobbyist for William Oldaker, who had served as a campaign counsel and treasurer to Joe Biden.

Jim Biden, Joe’s younger brother, called his friend Anthony Lotito for a favor. Hunter needed a new job.

Joe was getting ready to run for the Democratic presidential nomination, and his son’s work for a Washington lobbying firm would be a problem.

At least that was what Lotito later alleged in court filings. Jim and Hunter denied that a call like that ever took place. One way or another, the three of them decided in early 2006 to get into the hedge-fund business.

Owning a hedge fund in New York in the years before the financial crisis was like being a sea captain in 18th-century Nantucket. It was the thing to do.

They set their eyes on Paradigm Global Advisors, founded by James Park, who was married to the daughter of religious leader Sun Myung Moon.

Paradigm’s success was helped by the fact that the firm’s labor costs were low. Many of its employees were Moonies who accepted rock-bottom salaries in exchange for the honor of working in close proximity to Moon’s son-in-law.

About half of its investors were Moonies as well, according to a former executive. Financial success could not solve Park’s personal problems, however. He developed an addiction to cocaine. As his drug use began to complicate his management of Paradigm, Park went looking for a buyer. Lotito connected him with the Bidens.

Jim and Hunter offered to buy the firm out for $21 million. For financing, they leaned on family allies.

Larry Rasky, a lobbyist and longtime political adviser to Joe, was going to pitch in a million dollars in financing, though it is not clear if he ever did.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption
KEYWORDS: anthonylolito; beaubiden; benschreckinger; biden; bidencrimefamily; hunterbiden; jamespark; jimbiden; larryrasky; moonies; paradigm; paradigmglobal; thiefinchief; williamoldaker
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From the upcoming book The Bidens: Inside the First Family’s Fifty-Year Rise to Power Hardcover by Ben Schreckinger
1 posted on 09/13/2021 8:40:53 AM PDT by karpov
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To: karpov

2 posted on 09/13/2021 8:43:36 AM PDT by Bubba_Leroy (Dementia Joe is Not My President!)
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To: karpov

Same could be said for every politician and big businessmen.


3 posted on 09/13/2021 8:43:47 AM PDT by bgill (.Which came first, the vax or the virus?)
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To: karpov

Someone actually finally wrote a book about Biden? I’m shocked.


4 posted on 09/13/2021 8:46:44 AM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
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To: All

.

Both parties locked arms to ignore the Biden Foreign Cash Machine.

And now Trillions flow, and who’s going to see or report missing billions?


5 posted on 09/13/2021 8:49:41 AM PDT by AnthonySoprano (‘’)
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To: All
3872034-D-2-BBC-4-C97-A09-A-FCE5-FC886461
6 posted on 09/13/2021 8:50:01 AM PDT by AnthonySoprano (‘’)
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To: karpov

Nice.

But I want to see the insiders’ tell-all scandal books. Where are they?

The Biden and Harris versions of....The “Anonymous” white cover Warning to America one, Stormy Daniel’s scum sheet, Gen Kelly and Comey’s virtue signaling self-love fests.

Where are the mothers of the little girls sniffed?
That woman not afraid to come forward about sexual harassment.

Any servant in the WH who hears Jill berating the babbling Joe.

And how about the unethical and self-righteous quacks called psychologists and psychiatrists who had a little march with placards to say we were in danger if Trump were not removed under the 25th Amendment? With sage diagnoses entirely from reading AP and watching CNN and MSNBC and ever having interviewed or tested him.

I’ll buy the books. Where are they?


7 posted on 09/13/2021 8:50:24 AM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: karpov

Maybe I will get this book. What I am most interested in is how the hell did a moron with a double digit IQ, a moron who can barely speak, rise this far in US politics? This is like some kind of demented take on that Peter Sellers movie “Being there”


8 posted on 09/13/2021 8:56:15 AM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
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To: GrandJediMasterYoda
This is like some kind of demented take on that Peter Sellers movie “Being there”

My favorite quote from that movie...

It's for sure a white man's world in America. Look here: I raised that boy since he was the size of a piss-ant. And I'll say right now, he never learned to read and write. No, sir. Had no brains at all. Was stuffed with rice pudding between th' ears. Shortchanged by the Lord, and dumb as a jackass. Look at him now! Yes, sir, all you've gotta be is white in America, to get whatever you want. Gobbledy-gook!

9 posted on 09/13/2021 8:57:44 AM PDT by dfwgator (Endut! Hoch Hech!)
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I’m more interested, as will be the MSM, in the tell-all coming out about Trump and his propensity to demand 1 more scoop of icecream then everyone else.


10 posted on 09/13/2021 9:02:25 AM PDT by BuckeyeGOP ( )
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To: All

The Bidens .... and ALL of that ilk.....are Space-Occupying Lesions of a different pathology ...........more of a malignancy, an abscess on the body politic.

Biden’s a creation of Dumb Delaware Democrats......and massive voter fraud.

Biden’s always been a dolt, on the wrong side of every national security issue and foreign policy stance.

He’s always been known to be a liar, pedophile, plagiarist, thief and on the take........AND heads the Biden Crime Family.

Add in his crackhead son........an “earner” in mob parlance.......now a renowned painter /s.

Then there’s drJill......gag.

GWB speechwriter penned a scathing Op-Ed criticizing Biden for repeatedly invoking son Beau’s death.

‘Biden is not a Gold Star father and should stop playing one on TV’...........

Beau Biden was a noncombatant lawyer reservist .......he died 15 years ago of brain cancer after returning home from a one year tour as JAG in Iraq.

Biden himself had six draft deferments for school and marriage during the Vietnam War, he never served.


11 posted on 09/13/2021 9:14:29 AM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use)
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To: karpov

I assume this is how most if not all of the Washington Royals do business. Maybe not exactly, but using family members to trade on their names and influence.
How else are they going grow wealthy on that paltry salary they are paid?

I wish I could say this was being sarcastic, but is their excuse.


12 posted on 09/13/2021 9:16:27 AM PDT by Tupelo
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To: karpov

If someone is a liberal, then nothing is illegal or unethical. Riles only apply to conservatives and jews


13 posted on 09/13/2021 9:23:29 AM PDT by Bob434
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To: All

LAUGH BREAK.....who is REALLY doing the paintings Hunter is selling under his name. Art / Style magazines ran lots of photos of him doing his ‘art’... BUT.....the technique and style shown were completely different from those up for sale in the galleries, consisting of several genres.

Books politicians sell to launder money are usually ‘ghostwritten’....... Hunter’s money laundering art is ‘ghostpainted’.

Many crackheads are found passed out with colored pencils and adult paint by number kits.......science says it’s part of the addiction....../s.


14 posted on 09/13/2021 9:37:49 AM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use)
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To: Tupelo
This is what 'illary arranged for Slow Joe to not run in 2016: 2017: Macmillan offers Joe and Jill Biden $60 million book contract
15 posted on 09/13/2021 9:43:16 AM PDT by Reeses (Defund the FIB)
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To: frank ballenger

H/t frank ballenger

I’ll buy the books........ written by self-righteous quacks called psychologists and psychiatrists who said we were in danger if Trump were not removed under the 25th Amendment? .......sage scientific diagnoses made entirely from reading AP and watching CNN and MSNBC........ not ever having interviewed or tested Trump.

Where are they?


16 posted on 09/13/2021 10:08:36 AM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use)
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To: GrandJediMasterYoda; Liz
...how the hell did a moron with a double digit IQ, a moron who can barely speak, rise this far in US politics?

Biden's history as an adult, which is a matter of public record, cannot be described more accurately or succinctly than Liz explained in #11:
"Biden’s a creation of Dumb Delaware Democrats......and massive voter fraud.
Biden’s always been a dolt, on the wrong side of every national security issue and foreign policy stance.
He’s always been known to be a liar, pedophile, plagiarist, thief and on the take........AND heads the Biden Crime Family."

The challenge for our country is to recognize and effectively deal with the forces behind Biden's political victories.

17 posted on 09/13/2021 11:05:50 AM PDT by frog in a pot (Helping a tyrant's nation prosper can only make sense after the tyrant is removed. (See Afghanistan))
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To: All

How Joe Biden helped build a financial system
great for Delaware banks and terrible for the rest of us.
TIM MURPHY, MOTHER JONES, NOVEMBER/DECEMBER 2019 ISSUE

SNIP

Though he’s now a MULTI-millionaire thanks to (he says) book sales and speaking fees, Biden has long positioned himself as the champion of the middle class, a scrappy kid from Scranton who’s fought the good fight for decades. His adopted home state is part of that identity too—an unglamorous enclave of scrapple and toll roads, the Acela Corridor’s own Flyover Country. But as he pursues his third and likely final quest for the Democratic presidential nomination, his record haunts him, because the interests of Delaware are often at extreme odds with everyone else’s.

Biden did not create this system, but he used his influence to strengthen and protect it. He cast key votes that deregulated the banking industry, made it harder for individuals to escape their credit card debts and student loans, and protected his state’s status as a corporate bankruptcy hub.

Biden’s career in the Senate placed him on the wrong side of some of the biggest financial fights of his generation and brought him into conflict with some of the same rivals he faces today. If you want to understand how Biden became Biden, you have to understand how Delaware became Delaware.

Delaware is a tiny state, and because it is tiny, it has had to get creative to survive. Small countries sell shipping rights, citizenship, and secrecy. Delaware offers an American variation of the same—a legal and administrative sanctuary that allows businesses to do things there that they could not do elsewhere.

The foundation for the state’s economy began with its 1776 constitution, which created a special venue for the handling of business disputes, called the chancery court. But Delaware’s role as America’s corporate epicenter traces back to 1899, when—with the backing of the du Ponts—legislators passed the General Corporation Law, allowing anyone in the United States who wanted to form a company in Delaware to do so. The number of corporations based in the state grew quickly, and when New Jersey—the OG of lax incorporation laws—decided to crack down on trusts, Delaware welcomed the exiles.

The incorporation law made it easy to set up shop in Delaware, and the chancery court made it convenient to stay. Companies knew they’d get a reliable pro-business forum for their disputes. Today, there are nearly twice as many Delaware-incorporated companies as there are Delaware voters, and incorporation fees constitute the second-largest share of the state’s annual revenue.

But Delaware’s windfall comes at the expense of other states. Corporations can place their profits in Delaware-based holding companies to avoid paying taxes in the places where they actually operate. Delaware LLCs can also be incorporated anonymously via third-party agents, stifling transparency. “Setting up a company in Delaware,” the Institute on Taxation and Economic Policy says, “requires less information than signing up for a library card.”


18 posted on 09/13/2021 11:05:53 AM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use)
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To: All
MEET THE BIDEN BOYS SNIFF & SNORT - )
19 posted on 09/13/2021 11:18:10 AM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use)
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To: Liz

FTB-——​On November 3, Americans did not just elect Joe Biden: They got a package deal. The tight-knit Biden family—siblings, children, in-laws, and beyond—is coming right along with him. They are sure to play a defining role in his presidency, just as they have in every other one of his endeavors.

Inside, you’ll find these and other stories and revelations about the Biden family, including:

Joe’s childhood, the stunning 1972 Senate upset engineered by his sister Valerie

Joe’s early years in the Senate and his role in the creation of the cozy “Delaware Way” of conducting politics

The Biden brothers’ business escapades, including the ’70s rock club rivalry that pitted Jim Biden against Jill’s first husband and ended in a banking scandal

The Delaware lawman who oversaw an FBI investigation into Joe’s 2007 campaign fundraising and now has Hunter in his sights

Hunter’s surprisingly close friendship with his Fox News antagonist, Tucker Carlson

What Steve Bannon really hoped to accomplish by giving the contents of “the Laptop from Hell” to the New York Post
New evidence that sheds light on the authenticity of Hunter’s alleged computer files

Like the Kennedys before them, the Bidens are a tight-knit, idealistic Irish Catholic clan with good looks, dynastic ambitions, and serious personal problems.

As THE BIDENS reveals, the best way to understand Joe Biden—his values, fears, and motives—is to understand his family: Their Irish (and not-so-Irish) roots, their place in the Delaware pecking order, their dodgy business deals, and their personal struggles and triumphs alike.


20 posted on 09/13/2021 11:27:46 AM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use)
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