James Biden
James "Jimmy" Biden (born June 1949) is the younger brother of Presidential-nominee Joe Biden. James is a former nightclub owner, owned a lobbyist firm, acquired the company Paradigm Global Advisors with nephew Hunter Biden. In 2010, James Biden joined the company HillStone International. In 2011, HillStone International lands a $1.5 billion contract to build housing in Iraq. His dealings with several medical companies have led to allegations that he engaged in fraud.
Politico reported on Biden family corruption on August 2, 2019:
| The day the Bidens took over Paradigm Global Advisors was a memorable one.
In the late summer of 2006 Joe Bidenâs son Hunter and Joeâs younger brother, James, purchased the firm. On their first day on the job, they showed up with Joeâs other son, Beau, and two large men and ordered the hedge fundâs chief of compliance to fire its president, according to a Paradigm executive who was present. After the firing, the two large men escorted the fundâs president out of the firmâs midtown Manhattan office, and James Biden laid out his vision for the fundâs future. âDonât worry about investors,â he said, according to the executive, who spoke on the condition of anonymity, citing fear of retaliation. âWe've got people all around the world who want to invest in Joe Biden.â At the time, the senator was just months away from both assuming the chairmanship of the Senate Foreign Relations Committee and launching his second presidential bid. According to the executive, James Biden made it clear he viewed the fund as a way to take money from rich foreigners who could not legally give money to his older brother or his campaign account. âWe've got investors lined up in a line of 747s filled with cash ready to invest in this company,â the executive remembers James Biden saying.[1] |