The Biden money tree

By Christopher Harper

As DaTimes delves into the illicitly obtained tax returns of Donald Trump, the news organization has failed to analyze the finances of Joe Biden, who heralds himself as the “common man.”

That common man and his wife made more than $30 million over the past two years through book deals and speeches, costing about $100,000 a pop.

What is appalling is all the information about the Biden family and its shenanigans that DaTimes fails to follow up on, preferring instead to continue its partisan attacks on Trump.

As I delved into the Biden family finances, I was surprised to find the most detailed account in POLITICO before it jumped on the Biden bandwagon. See https://www.politico.com/magazine/story/2019/08/02/joe-biden-investigation-hunter-brother-hedge-fund-money-2020-campaign-227407

As the former vice president rolled out his tired speeches for another run, POLITICO analyzed the sleazy back story of how Biden’s family took advantage of his government positions.

That story is far more than Hunter’s recent antics in China and Ukraine. The story goes back to Biden’s first days in the Senate.

As POLITICO puts it in the 2019 investigation, “[V]entures, over nearly half a century, have regularly raised conflict-of-interest questions and brought the Biden family into potentially compromising associations. This investigation offers the most comprehensive account to date of the politically tinged business activities of Biden’s brother and son, and is the first time former associates of James and Hunter have alleged that the pair explicitly sought to make money off of Joe’s political connections.”

As Joe was entering the Senate in 1973, including a seat on the Banking Committee, his younger brother James operated Seasons Change night club with help from unusually generous bank loans.

From 2001 to 2008, Hunter worked as a Washington lobbyist for the banking industry—a period when Joe pushed a sweetheart deal on bankruptcies that benefited his son’s employer, MBNA.

James and Hunter take over Paradigm Global Advisors as Joe sat on the Senate Foreign Relations Committee. Paradigm was the first of several such companies that James and Hunter used to expand into China, Ukraine, and elsewhere, riding on the coattails of Joe’s government position.

With his brother as vice president, James joined HillStone International, which in 2011, obtained a $1.5 billion deal to build houses in Iraq.

In 2013, Hunter traveled to Beijing with his father on official business. While there, he introduced his father to his Chinese business partner, Jonathan Li of Bohai Capital, with whom he had concluded a lucrative real estate deal.

In March 2014, Russia invaded Crimea’s Ukrainian peninsula, and Joe led the Obama Administration response. A month later, Ukrainian gas company Burisma Holdings gave Hunter Biden a lucrative board position worth $600,000 a year.

Perhaps DaTimes should expend the same amount of effort in unraveling the Biden family’s fortune as it did on Donald Trump.

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