Who needs a (probably fake) story on Joe Biden's son, Hunter, making porn, or getting money from the Ukrainian Burisma or his dealing with CEFC China Energy? Could this have been pushed into the spotlight to cover up the following real-life scandals?!?
It was reported in Augustus 2019, and the most important criminal in this scheme is not Hunter Biden, but Joe's brother, James Biden.
Paradigm was founded by James Park in 1989, son-in-law of the billionaire founder of the Unification movement, Sun Myung Moon, of the cult whose members are known as Moonies. Sun Myung Moon was associated with the World Anti-Communist League, CIA, George Bush Sr. and Ronald Reagan.
Paradigm was an early example of a funds of funds — a hedge fund that investes in other hedge funds.
In January 2006. James Biden called New York financial adviser Anthony Lotito to get help to get a respectable job for Joe's misfit son Hunter Biden. Lotito, James and Hunter were soon exploring acquiring Paradigm. Still in 2006, James and Hunter brought in Larry Rasky, a lobbyist and longtime Biden adviser, who would bring $1 million in financing.
Lotito's firm Globex Financial Advisors began doing business with James Biden's Lion Hall Group. Lotito and Biden later co-founded private security firm Americore International Security.
Eventually in August 2006, James and Hunter Biden acquired Paradigm Global Advisors without Lotito, leading to a lawsuit and counter lawsuit. They purchase Paradigm without cash, but for an $8.1 million "promissory note".
James and Hunter Biden soon began taking millions of dollars out of Paradigm.
Paradigm reached an arrangement with New York investment firm Longship Capital Management, which put James and Hunter in business with Longship partner Brian Mathis, a veteran of the Clinton Treasury Department and a Democratic bundler who was friends with Barack and Michelle Obama at Harvard Law School.
In September 2008, “Paradigm Stanford Capital Management Core Alternative Fund” was registered with the SEC - a partnership with the firm of multibillion-dollar Ponzi schemer Allen Stanford.
Paradigm also rented space to the fraudulent Ponta Negra fund of Francesco Rusciano, who in April 2009 was accused by the SEC of a multimillion-dollar fraud.
After the adverse publicity over their association with known fraudsters, James and Hunter began unwinding the Paradigm fund in 2010.
In November 2010, James Biden became executive vice president of construction firm HillStone International, a subsidiary of New Jersey-based construction firm Hill International.
I guess it's just another one of those strange "coincidences", that in June 2011 HillStone was awarded contracts worth an estimated $1.5 billion to build homes in Iraq. At the time, Vice President Joe Biden was leading the Obama administration’s Iraq policy. HillStone landed the deal through the South Korean firm TRAC Development Group, that was awarded the contract to build 500,000 homes by the Iraqi government:
https://www.politico.eu/article/joe-biden-presidential-bid-family-business-history-democrats/
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https://archive.is/Kxukh)