Ok a 17 year old pregnate girl or this? Not hearing the big hullabaloo over this stuff. Must be because the media wants to see and is doing all they can to insure a Obama/Biden win.
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Biden's Son, Brother Named in Two Suits
By Kimberly Kindy and Joe Stephens
Washington Post Staff Writers
Sunday, August 24, 2008; Page A09
A son and a brother of Sen. Joseph R. Biden Jr. (D-Del.) 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, court records show.
The Democratic vice presidential candidate's son Hunter, 38, and brother
James, 59, assert instead that their former partner defrauded them by
misrepresenting his experience in the hedge fund industry and recommending
that they hire a lawyer with felony convictions.
The legal actions have been playing out in New York State Supreme Court
since 2007, and they focus on Hunter and James Biden's involvement in
Paradigm Companies LLC, a hedge fund group. Hunter Biden, a Washington
lobbyist, briefly served as president of the firm.
A lawsuit filed by their former partner Anthony Lotito Jr. asserts in court
papers that the deal was crafted to get Hunter Biden out of lobbying because
his father was concerned about the impact it would have on his bid for the
White House. Biden was running for the Democratic nomination at the time the
suit was filed.
Hunter Biden was made president with an annual salary of $1.2 million,
despite his inexperience in the hedge fund industry, the lawsuit said.
Before that, he had been part of the Washington law firm Oldaker, Biden &
Belair, which earned $1.76 million in lobbying revenue in the first half of
2006, according to Congressional Quarterly's CQ MoneyLine. One of its
biggest clients is the National Association of Shareholder and Consumer
Attorneys, a District-based group representing law firms specializing in
investment and corporate law.
Hunter Biden is one of many children and relatives of prominent members of
Congress who have made their careers as lobbyists. He returned to lobbying
after less than a year with Paradigm.
Lotito's lawsuit alleges that James Biden called him in January 2006 to
arrange a job for Hunter Biden. It says James Biden told him that his
brother (Sen. Biden) "was concerned with the impact that Hunter's lobbying
activities might have on his expected campaign for the 2008 Democratic
presidential nomination," and, "Biden told Lotito that, in light of these
concerns, his brother had asked him to seek Lotito's assistance in finding
employment for Hunter in a non-lobbying capacity."
Lotito does not provide any direct evidence of the senator's involvement and
offers no witnesses to the assertion.
The campaign of Sens. Barack Obama and Biden declined to comment on the
case, referring questions to Nicholas Gravante Jr., a lawyer representing
Hunter and James Biden. Gravante said assertions that Joseph Biden told his
brother he was concerned about his son's lobbying are "absolutely false."
"This lawsuit has nothing to do with Joe Biden, and there is absolutely no
truth to those allegations," Gravante said. "It is a business dispute
between former partners. The suit is baseless."
Brian C. Wille, an attorney for Lotito, said the lawsuit alleges no
wrongdoing by Sen. Biden, only that his concerns set in motion the business
deal.
"There was a concern that Hunter Biden's role as a lobbyist would have an
impact on the senator's proposed presidential run," Wille said. "That's what
James Biden told Mr. Lotito. . . . Was it true? Who knows? There is no
allegation the senator was involved in any of these events."
In an affidavit, Hunter Biden said his father had nothing to do with the
deal and that it is Lotito who swindled the Bidens.
He said Lotito lied about being a "fully licensed and accredited securities
professional" with hedge fund experience.
In addition, he said Lotito recommended a lawyer to vet the business deal
who was under investigation and was ultimately convicted on several felony
charges of conspiracy and wire and mail fraud in a scheme to steal millions
from a computer company.
In the hedge fund business deal, Lotito and the Bidens created a company
called LLB Holdings USA and together agreed to pay $21.3 million for 54
percent interest in Paradigm.
In the lawsuit, Lotito said that soon after creating LLB, the Bidens crafted
a "secret deal" to create their own company that was designed to buy out his
shares in Paradigm for a low rate, to which he agreed. He said he knew
nothing of the secret deal until later and now believes he was defrauded out
of millions of dollars and his share in the company.
In the second lawsuit against the Bidens, which was filed in June, Lotito is
also named as a defendant. Stephane Farouze, now an executive with Deutsche
Bank, seeks $10 million, saying the Bidens and Lotito promised to buy his
shares in the hedge fund company but reneged.
Layoutshooter
Biden's Son, Brother Named in Two Suits
By Kimberly Kindy and Joe Stephens
Washington Post Staff Writers
Sunday, August 24, 2008; Page A09
A son and a brother of Sen. Joseph R. Biden Jr. (D-Del.) 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, court records show.
The Democratic vice presidential candidate's son Hunter, 38, and brother
James, 59, assert instead that their former partner defrauded them by
misrepresenting his experience in the hedge fund industry and recommending
that they hire a lawyer with felony convictions.
The legal actions have been playing out in New York State Supreme Court
since 2007, and they focus on Hunter and James Biden's involvement in
Paradigm Companies LLC, a hedge fund group. Hunter Biden, a Washington
lobbyist, briefly served as president of the firm.
A lawsuit filed by their former partner Anthony Lotito Jr. asserts in court
papers that the deal was crafted to get Hunter Biden out of lobbying because
his father was concerned about the impact it would have on his bid for the
White House. Biden was running for the Democratic nomination at the time the
suit was filed.
Hunter Biden was made president with an annual salary of $1.2 million,
despite his inexperience in the hedge fund industry, the lawsuit said.
Before that, he had been part of the Washington law firm Oldaker, Biden &
Belair, which earned $1.76 million in lobbying revenue in the first half of
2006, according to Congressional Quarterly's CQ MoneyLine. One of its
biggest clients is the National Association of Shareholder and Consumer
Attorneys, a District-based group representing law firms specializing in
investment and corporate law.
Hunter Biden is one of many children and relatives of prominent members of
Congress who have made their careers as lobbyists. He returned to lobbying
after less than a year with Paradigm.
Lotito's lawsuit alleges that James Biden called him in January 2006 to
arrange a job for Hunter Biden. It says James Biden told him that his
brother (Sen. Biden) "was concerned with the impact that Hunter's lobbying
activities might have on his expected campaign for the 2008 Democratic
presidential nomination," and, "Biden told Lotito that, in light of these
concerns, his brother had asked him to seek Lotito's assistance in finding
employment for Hunter in a non-lobbying capacity."
Lotito does not provide any direct evidence of the senator's involvement and
offers no witnesses to the assertion.
The campaign of Sens. Barack Obama and Biden declined to comment on the
case, referring questions to Nicholas Gravante Jr., a lawyer representing
Hunter and James Biden. Gravante said assertions that Joseph Biden told his
brother he was concerned about his son's lobbying are "absolutely false."
"This lawsuit has nothing to do with Joe Biden, and there is absolutely no
truth to those allegations," Gravante said. "It is a business dispute
between former partners. The suit is baseless."
Brian C. Wille, an attorney for Lotito, said the lawsuit alleges no
wrongdoing by Sen. Biden, only that his concerns set in motion the business
deal.
"There was a concern that Hunter Biden's role as a lobbyist would have an
impact on the senator's proposed presidential run," Wille said. "That's what
James Biden told Mr. Lotito. . . . Was it true? Who knows? There is no
allegation the senator was involved in any of these events."
In an affidavit, Hunter Biden said his father had nothing to do with the
deal and that it is Lotito who swindled the Bidens.
He said Lotito lied about being a "fully licensed and accredited securities
professional" with hedge fund experience.
In addition, he said Lotito recommended a lawyer to vet the business deal
who was under investigation and was ultimately convicted on several felony
charges of conspiracy and wire and mail fraud in a scheme to steal millions
from a computer company.
In the hedge fund business deal, Lotito and the Bidens created a company
called LLB Holdings USA and together agreed to pay $21.3 million for 54
percent interest in Paradigm.
In the lawsuit, Lotito said that soon after creating LLB, the Bidens crafted
a "secret deal" to create their own company that was designed to buy out his
shares in Paradigm for a low rate, to which he agreed. He said he knew
nothing of the secret deal until later and now believes he was defrauded out
of millions of dollars and his share in the company.
In the second lawsuit against the Bidens, which was filed in June, Lotito is
also named as a defendant. Stephane Farouze, now an executive with Deutsche
Bank, seeks $10 million, saying the Bidens and Lotito promised to buy his
shares in the hedge fund company but reneged.
