Biden's son and brother run hedge fund with links to Stanford

Updated

Last week I questioned the campaign donations from Stanford to various presidential and congressional campaigns. This week we learn that Vice President Biden's son, Hunter, and his brother, James, run the Paradigm Stanford Capital Management Core Alternative Fund, which is jointly branded by the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity, according to a report in the Wall Street Journal.

A lawyer for the Bidens told the WSJ that, "There is no connection between the Bidens and Allen Stanford or Stanford period, full stop. There never was any meeting between any member of the Biden family, no phone calls, zero correspondence." The idea of zero correspondence may be a bit hard to believe if there is a jointly branded hedge fund. Don't you think there must have been something in writing to set up the deal?

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