An excessive number of Jim Biden’s associates seem to be involved in questionable, if not criminal, activities, dragging him into scandal after scandal. One of the most complex involves the consulting company Paradigm Global Advisors, which Jim ran with his nephew Hunter Biden.
Things had gone south before the two took over in 2006. According to court documents obtained by Politico, John Fasciana, the attorney they hired to oversee the purchase deal, was convicted on fraud charges. Then, in February 2018, Allen Stanford, who ran a hedge fund partnered with Paradigm, was charged with running a multibillion-dollar Ponzi scheme. Paradigm was not accused of wrongdoing, and the company pledged to return any funds it had received. Finally, in April 2009, Francesco Rusciano, who shared offices and a phone number with Paradigm, was jailed for a year after being found guilty of defrauding investors of millions. Once again, Jim and Hunter’s company was not accused of criminal activity.
It’s little surprise that the GOP honed in hard on Jim’s business background, connections, and tendency to namedrop Joe Biden. Still, Jim steadfastly insisted his brother had no involvement in any of his dealings. “I have relied on my own talent, judgment, skill, and personal relationships,” Jim swore in his deposition before the House Oversight and Judiciary Committees as part of the impeachment inquiry in February 2024. “…Those who have said or thought otherwise were either mistaken, ill-informed, or flat-out lying,” he continued.
