Biden’s Son, Brother Marketed Hedge Fund Through Stanford Company
The $50 million fund was jointly branded between the Biden family’s Paradigm Global Advisors LLC and a Stanford Financial Group entity and was called the Paradigm Stanford Capital Management Core Alternative Fund, according to the report published Monday in the Wall Street Journal.
Stanford-related companies reportedly marketed the fund to investors and also invested about $2.7 million of their own money in the fund, according to a lawyer for Paradigm. Paradigm Global Advisors is owned through a holding company by the vice president’s son, Hunter, and Joe Biden’s brother, James.
FoxNews
2/24/9
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