Question: If the US would be better served by Governor Palin staying home with her daughter, would the country also be better served by Senator Biden abandoning politics and staying with his son?
Biden’s Son Caught Up in Hedge Fund Troubles
A son and a brother of Senator Joseph R. Biden Jr. of Delaware 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, The Washington Post reported, citing court records.
The Democratic vice presidential candidate’s son Hunter, 38, and brother James, 59, meanwhile say it was they who were defrauded by their former partner, whom they have accused of misrepresenting his experience in the hedge fund industry, The Post said.
According to the legal skirmishes, which have been playing out in New York State Supreme Court since 2007, Anthony Lotito Jr. said that he agreed to help set up Paradigm Companies, a hedge fund group for the Bidens, because the V.P. nominee was concerned on how his son Hunter’s lobbying activities would reflect on his campaign.
Hunter Biden was made president of the firm, earning with an annual salary of $1.2 million, according to the lawsuit. However, in an affidavit, Hunter Biden said his father had nothing to do with the deal and that it is Mr. Lotito who swindled the Bidens, The Post said.
http://dealbook.blogs.nytimes.com/2008/08/25/bidens-sons-caught-up-in-hedge-fund-brouhaha/
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