At the time, James and Hunter Biden denied ever personally meeting R. Indeed, Paradigm offered to turn over to a court-appointed receiver the $2.7 million in Stanford seed money it had received. The Bidens’ Paradigm Global Advisors was not involved in any way with the Stanford fraud. Allen Stanford in a staggering $8 billion dollar fraud: In 2009, the US Securities and Exchange Commission charged R. A new dual-branded firm was created: the Paradigm Stanford Capital Management Core Alternative Fund. James and Hunter Biden’s firm Paradigm became involved with Texas financier R. Hunter Biden’s father Joe Biden was now the Vice President. In 2008 Barack Obama was elected President of the United States. Park’s claim was later found to be false. The Bidens failed to conduct proper due diligence and Dr. Park claimed that Paradigm had $1.5 billion in assets under management. The firm was started in 1991 by Dr James Park, one of the many sons-in-law of Unification Church founder Sun Myung Moon. In 2006, then Senator Joe Biden’s brother James and his son Hunter entered into an agreement to purchase a New York fund of hedge funds called Paradigm Global Advisors. The proximity to a powerful political leader confers upon anyone - family member or friend - incredible access to elite business and social circles. This is true of many political family dynasties on both sides of the aisle. That the Biden family has long mixed money and politics is no secret. Biden recently stepped down from his position as a Board member of the Chinese company BHR, a firm described by the Financial Times as, “a private investment fund backed by a number of Chinese state entities including Bank of China, China Postal Savings Bank and China Development Bank.” Biden is also under fire for making $50,000 a month while employed by the Ukrainian firm Burisma Holdings. The son of former US Vice President Joe Biden, Hunter Biden has been a prominent figure in the Congressional hearings that almost certainly will lead to an impeachment trial against President Trump in the Senate.
Hunter Biden is in the spotlight right now.
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