John Hempton of Bronte Capital has a series of articles about Paradigm Global Advisers that certainly raise questions about the organization, which just happens to be run by the son and brother of our Vice President, Joe Biden. Paradigm, a hedge fund of funds, has been in business with the Stanford Funds and Ponta Negra, the latest fund alleged to be a sham.
Hempton really goes deep on this, looking at SEC and other regulatory reports as well as court cases. He has been able to find a resume of a former senior marketing person for Paradigm; he also has dredged up various actions in which the mkrheter was censored and/or fined. He has analyzed web sites to a degree that he contends the sit's use of text embedded in pictures rather than simple text makes it impossible for Google to find the text.
He claims to have dug up a version of the Paradigm web site which made the Madoff claim of never a down year. He may be right as the current site of Paradigm certainly looks like a work in progress.
You could spend hours reviewing the posts and following the links on this topic that Hempton has made. All in all, it makes you question at least the intelligence and business acumen of Biden's relatives. Some will say it also raises questions about their integrity. But don't we all have skeletons in the family closet?
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