Joe Biden - Corrupt

Joe Biden - Corrupt

Obama Biden CorruptHow 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.

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