Aug

24

Biden’s Lobbyist Son & Brother Named In 2 Lawsuits

August 24, 2008 | Leave a Comment

Democratic Vice Presidential Candidate Joe Biden’s lobbyist son and brother are accused of defrauding a former business partner and an investor of millions of dollars.
The Washington Post reported:

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.

The suit against Hunter Biden was previously reported in January 2007.

Joe Biden does not talk much about his son’s lobbyist background. Hunter Biden lobbied for clients that paid his firm at least $380,000 in the first six months of this year, federal records show.

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