Hunter Biden was previously a top official at PARADIGM Global Advisors, a hedge fund holding company founded with Vice President Biden's brother, James, and marketed by convicted finance fraudster Allen Stanford. As Paradigm chairman, Hunter Biden oversaw half a billion dollars of client money invested in hedge funds while remaining a lobbyist at Oldaker, Biden and Belair. Cooper chipped in $2 million for the ill-fated venture, which went down in flames amid nasty fraud lawsuits.
Before all that, Hunter Biden was a senior vice president at MBNA America Bank, one of his dad's wealthiest corporate campaign donors. An MBNA bank official helped facilitate an eyebrow-raising real estate deal for Daddy Biden that paved the way for the acquisition of a custom-built house in Delaware's ritziest Chateau Country neighborhood.
While raking in consultant payments at MBNA, Hunter Biden also served as a founding partner in D.C. lobbying shop Oldaker, Biden and Belair. His lobbying for drug companies, university earmarks and other clients and causes brought in nearly $4 million in 2007 alone.
Nice Beltway influence-peddling work if you can get it. As I noted in my book "Culture of Corruption," one client seeking federal government earmarks told The Washington Post, "Biden's parentage was a selling point."
Nepotism has its privileges -- and the Biden children, despite Papa Joe's lamentations, have enjoyed far more than their fair share.
Michelle Malkin is the author of "Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies" (Regnery 2010). Her e-mail address is email@example.com.
COPYRIGHT 2012 CREATORS.COM
Local News Station Exposes How DC Will Collect $61 Million in Parking Tickets Next Year | Cortney O'Brien