[Breitbart] A new book released Monday indicates Biden family corruption schemes sought to enrich son Hunter and brother Jim Biden while Joe Biden was the ranking member of the Senate Foreign Relations Committee.Author of The Bidens: Inside the First Family’s Fifty-Year Rise to Power, Ben Schreckinger, was told by one of Jim’s former business partners, "Jim’s job is to ensure the lifestyle is good for the family." The method of doing so reportedly entailed Hunter and Jim acquiring a hedge fund, Paradigm Global Advisors, which was founded and run by cocaine addict James Park.
"Jim and Hunter offered to buy the firm out for $21 million," an offer inspired by Joe Biden’s plan to run for the Democrat "presidential nomination, and his son’s work for a Washington lobbying firm would be a problem." Hunter was at that time employed at a lobbying firm that would present a conflict of interest for Joe Biden’s campaign.
"Hunter would have his new job, CEO of Paradigm, with a starting salary of $1.2 million," Schreckinger wrote in the New York Post. "His experience in the financial sector amounted to a few years on the payroll of a credit-card issuer."
Son of The senator From MBNA™
The position as a hedge fund manager reportedly enabled the Biden family to "tap the global demand for business partnerships with the relatives of a powerful American official," Joe Biden.
In order to capitalize on the hedge fund with cash to make profitable acquisitions, Jim reportedly told one of his partners, Anthony Lotito, that he should not worry over raising money.
"Don’t worry about investors," Jim reportedly told Lotito. "We’ve got people all around the world who want to invest in Joe Biden." "We’ve got investors lined up in a line of 747s filled with cash ready to invest in this company," Jim reportedly added.
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The hedge fund was still unsuccessful, despite the appearances Joe Biden helped create to encourage investments, for example, by sending firefighters who wanted to invest, literally into the firm. Ultimately, "Paradigm’s executives searched in vain to find an overseas bank or other foreign buyer to take the business off their hands, including in the banking haven of Switzerland."
In the end, no entity would buy the fund from the Biden family, ending the hedge fund’s hopes of success.
Not only greedy and corrupt but stupid too.
