Joe Biden - Corrupt
How corrupt is Joe Biden?
Joe Biden
doesn't look corrupt. He has a bright smile, looks clean cut, and makes it a point to bristle with indignation when asked
about accusations of corruption against him or his son Hunter Biden. But behind that
facade, Joe Biden leads an extended family that has lived off corruption ever
since he entered politics five decades ago. In fact, the entire adult careers of Joe Biden's brothers James and Frank,
his sister Valerie, and his son Hunter have revolved around
taking money from people who want to buy influence
from Joe Biden. The rap sheet of corruption by the Biden Inc. is disturbingly
long and intricate. Below are some of the simpler highlights.
The Nightclub
Shortly after
Joe Biden became a U.S. Senator in 1973 at 29 years of age to represent
Delaware, where many banks are incorporated, his 22-year-old kid brother James received a series of loans for
$80,000, $60,000 and $25,000 (equal to $498,359, $373,769, and $155,737
respectively in 2021) from Delaware's Farmers Bank to open a nightclub named
Seasons Change despite having no collateral, no experience in the
nightclub business, and no experience of any other kind.
When James Biden began to miss his loan payments, the bank
called James, so James called his U.S. Senator brother, who in turn called Farmers
Bank chairman A. Edwards Danforth. After the call, Danforth called into his office Gary
Hastings, a vice president, and told him that the U.S. Senator had complained
about
his brother being
"harassed" by the bank. They
never again harassed their borrower for missing loan payments. Instead,
they arranged to have
a man named Norman Rales, who had close ties to the bank, give an unsecured
"loan" to James Biden, a stranger to him.
"The Senator from MBNA"
In the mid-1990s, the Delaware-based credit card company MBNA decided that it
would make more money if personal bankruptcies, which wipe out credit card debt,
could be made harder for people to file. MBNA wanted Senator Joe Biden to
champion its cause, so it hired his son Hunter right out of law school in 1996
and began paying him a six figure salary. Hunter left MBNA in 2001 but continued
to be paid a six figure
"consulting fee" from MBNA despite doing nothing.
MBNA got the law it wanted - the deceptively named
Bankruptcy Abuse
Prevention and Consumer Protection Act (BAPCPA), which protects banks and credit card companies and
crushes consumers - in 2015 and then stopped paying Hunter Biden. In the ten years
during which his son received over $1,000,000 from MBNA, Joe Biden so
championed MBNA's cause in the U.S. Senate that he became known as
"The Senator
from MBNA."
"747s Filled with Cash"
In 2006, as the
presidency of George W. Bush was winding down and Joe Biden
was preparing his second presidential bid, his brother James and son Hunter used
no cash and
just a promissory note to buy Paradigm Global Advisors, the hedge 'fund of
funds' started by James Park, the son-in-law of Sun Myung Moon, the Asian cult
leaders whose followers are called, "Moonies."
On their first day as the new owners, James Biden announced to the staff,
"Don’t worry about investors. We've got people all
around the world who want to invest in Joe Biden. We've got investors lined up
in a line of 747s filled with cash ready to invest in this company."
They took the money from those people, withdrew
millions of dollars for their personal use, but also created Paradigm
Stanford Capital Management Core Alternative Fund with the Ponzi-schemer Allen Stanford of
Stanford Capital Management. When the FBI
raided Stanford's offices in 2009, Joe Biden's brother and son quickly unwound their
fund from Stanford's, and when attention continued to shift their way, liquidated
their fund in 2010. In 2012, Allen Stanford was convicted and sentenced to
110 years in prison for having run a $7 billion Ponzi
scheme, the second largest in U.S. history. James and Hunter Biden, by then the
brother and son of the Vice President of the United States, were never prosecuted.
$2,400,000,000 From China
See
Joe Biden China.
$600,000 Per Year From Ukraine
See
Joe Biden Ukraine.
$500,000 Per Painting
Joe Biden's son Hunter never took an art course in school. For the first 50
years of his life, he never held a painter's brush in his hand. But when his
father became the President of the United States, Hunter Biden was suddenly
imbued with mysterious artistic powers that enable him to fetch up to $500,000
for what he paints.
Hunter Biden's instant mastery of art, as well as of China's industry and
Ukraine's oligarchy, is arguably more consequential than the supernatural powers of North Korea's Kim Jong Un, who merely bowls 300 and sinks 36 consecutive
hole-in-ones (
source).
Joe Biden's corruption isn't just unethical and criminal; it disgraces and
embarrasses America on the world stage.
>> Continued