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post #1 of 17 (permalink) Old 09-02-2008, 03:18 PM Thread Starter
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Is Biden so great himself??

Does anyone remember why he dropped out from running for President a few years back.....and if we are going to go after family members as well.....well just look at his brother and son........



Biden’s Son, Brother Named in Two Suits

By Kimberly Kindy and Joe Stephens
Sunday, August 24, 2008; Page A09

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.

The legal actions have been playing out in New York State Supreme Court since 2007, and they focus on Hunter and James Biden’s involvement in Paradigm Companies LLC, a hedge fund group. Hunter Biden, a Washington lobbyist, briefly served as president of the firm.

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.

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.

Hunter Biden is one of many children and relatives of prominent members of Congress who have made their careers as lobbyists. He returned to lobbying after less than a year with Paradigm.

Lotito’s lawsuit alleges that James Biden called him in January 2006 to arrange a job for Hunter Biden. It says James Biden told him that his brother (Sen. Biden) “was concerned with the impact that Hunter’s lobbying activities might have on his expected campaign for the 2008 Democratic presidential nomination,” and, “Biden told Lotito that, in light of these concerns, his brother had asked him to seek Lotito’s assistance in finding employment for Hunter in a non-lobbying capacity.” …

In the hedge fund business deal, Lotito and the Bidens created a company called LLB Holdings USA and together agreed to pay $21.3 million for 54 percent interest in Paradigm.

In the lawsuit, Lotito said that soon after creating LLB, the Bidens crafted a “secret deal” to create their own company that was designed to buy out his shares in Paradigm for a low rate, to which he agreed. He said he knew nothing of the secret deal until later and now believes he was defrauded out of millions of dollars and his share in the company.

In the second lawsuit against the Bidens, which was filed in June, Lotito is also named as a defendant. Stephane Farouze, now an executive with Deutsche Bank, seeks $10 million, saying the Bidens and Lotito promised to buy his shares in the hedge fund company but reneged.

Biden’s Brother And Son Accused Of Fraud | Sweetness & Light

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post #2 of 17 (permalink) Old 09-02-2008, 03:20 PM
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Wow, you guys are getting scared.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

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post #3 of 17 (permalink) Old 09-02-2008, 03:40 PM
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Originally Posted by BadBenz94 View Post
.....well just look at his brother and son........
These are allegations. Do you know the difference between an allegation and an admission?

And does it occur to you that they are grownups? Independent adults? How might you figure that Joe is responsible for their behavior?
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post #4 of 17 (permalink) Old 09-02-2008, 03:45 PM
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These are allegations. Do you know the difference between an allegation and an admission?

And does it occur to you that they are grownups? Independent adults? How might you figure that Joe is responsible for their behavior?

It's a family thing, it must be inherited behavior... Maybe we should dig up history on Biden to see if his great grand pa avoided the Civil War because he was too chicken or something, or maybe his great great grand pa was a Loyalist.
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post #5 of 17 (permalink) Old 09-02-2008, 04:00 PM Thread Starter
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These are allegations. Do you know the difference between an allegation and an admission?

And does it occur to you that they are grownups? Independent adults? How might you figure that Joe is responsible for their behavior?

I know the difference.....Im just saying...........

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post #6 of 17 (permalink) Old 09-02-2008, 04:10 PM
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I know the difference.....Im just saying...........
Saying that Biden must be shady or at least we must consider his environment right?
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post #7 of 17 (permalink) Old 09-02-2008, 04:41 PM
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Read the whole story. It really isn't that difficult and when you get done there isn't much there. Jim
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post #8 of 17 (permalink) Old 09-02-2008, 09:43 PM
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Biden left his candidacy behind after he was exposed for plagiarizing some material in one of his speeches.

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post #9 of 17 (permalink) Old 09-02-2008, 11:00 PM
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Biden left his candidacy behind after he was exposed for plagiarizing some material in one of his speeches.
Another uniformed post. This is like watching you pop zits on your scrotum, which is not at all interesting and actually kind of disgusting. Read something on the subject that didn't come from bird on Bush's taint. Jim
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post #10 of 17 (permalink) Old 09-03-2008, 08:20 AM Thread Starter
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Saying that Biden must be shady or at least we must consider his environment right?

Just throwing some crap out there. I really don't like either candidate but I would probably vote for McCain over Obama. But I would say, looking at his environment might be wise, as that is what is occurring with Palin. The morals must be of high ground with Biden that his son is looking at Federal Indictments....but as noted before, they are just "accusations" for now. Oh well I'm done.

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