On the day after the confirmation as Senator Joe Biden of Delaware as the Vice Presidential choice for presumed Democratic nominee Barack Obama, his son and brother are reported to be named in lawsuits for allegations of fraud.
Hunter Biden, son of Senator Joe Biden, and the Senator's brother James, are named in a lawsuit involving fraud and millions of dollars that has been playing out in the New York Supreme Court since 2007, revolving around their involvement in the hedge fund industry during their involvement with Paradigm Companies LLC. A Washington lobbyist, the younger Biden served for a time as the Paradigm's president.
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.
The details of the case can be found in the article itself at the Washington Post site by following the above link. What is truly fascinating, and needs to be taken into consideration, is that this information was out there prior to the announcement of Joe Biden as Obama's running mate, a choice that was supposedly made after Biden had been fully vetted and confirmed as being viable for the position.
The vetting process is supposed to uncover this kind of thing and eliminate a potential candidate from position because of the possibility of bringing a scandal into a campaign. Obama's campaign has already seen enough scandal as it is, because, as has been said over and over, he's an unknown. And it seems there is a lot of effort being put in play to make sure that he's an unknown, considering that there are sealed documents regarding him at the University of Illinois, Chicago's Richard J. Daley Library, among other missing records.
We're not going to count this one as strike three for Obama yet for the past several days. This one can be considered a hard flying fowl ball into left field.
Biden, the vetted running mate. Makes you wonder how much effort was really put into the process, doesn't it?
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