>Biden Inc….Over his decades in office, ‘Middle-Class Joe’s’ family fortunes have closely tracked his political career.
Within weeks of the encounter at Paradigm Global Advisors, Beau Biden won his race for Delaware attorney general, and never established any recorded ties to Paradigm. His political career kept him well clear of his brother and uncle’s business endeavors.
James and Hunter are another story. There is no indication the Bidens ever succeeded in bringing new foreign money into the fund, but their involvement with Paradigm, which spanned the final two years of Joe’s Senate career and first two years of his vice presidency, was troubled for other reasons: In James and Hunter’s five-year tenure, Paradigm became associated with a number of alleged and confirmed frauds, including Allen Stanford’s multibillion-dollar Ponzi scheme, while seeking to draw on their powerful relative’s political allies for financing.
The pattern of dubious associations and possible conflicts of interest would continue later with Hunter’s foreign dealings, which led him to a lucrative appointment to the board of a Ukrainian oil company and to deals with firms connected to the Chinese state. But it started far earlier.
The Biden Family:
A political and financial timeline
As Joe has risen from senator to vice president to leading contender for president, his brother and son have charted their own complicated path in the business world.