thebigp

JAMES-brother-- James was a welcomed guest at the White House, securing invitations to such important functions as a state dinner in 2011 and the visit of Pope Francis in 2015. Sometimes, James’ White House visits dovetailed with his overseas business dealings, and his commercial opportunities flourished during his brother’s tenure as vice president. The president of HillStone International was Kevin Justice, who grew up in Delaware and was a longtime Biden family friend. Justice visited the White House and met with Biden adviser Michele Smith in the Office of the Vice President. HillStone announced that James Biden would be joining the firm as an executive vice president. James appeared to have little or no background in housing construction. James Biden was joining HillStone just as the firm was starting negotiations to win a massive contract in war-torn Iraq. Six months later, the firm announced a contract to build 100,000 homes. It was part of a $35 billion, 500,000-unit project deal won by TRAC Development, a South Korean company. HillStone also received a $22 million US federal government contract to manage a construction project for the State Department. David Richter, son of the parent company’s founder, it helps , to have “the brother of the vice president as a partner.” In 2012, Charlie Gasparino of Fox Business reported that HillStone officials expected the project to “generate $1.5 billion in revenues over the next three years.” That amounted to more than three times the revenue the company produced in 2011.
A group of minority partners, including James Biden, stood to split about $735 million. “There’s plenty of money for everyone if this project goes through, the firm was forced to back out of the contract because of a series of problems, including a lack of experience by Hill and TRAC Development, its South Korean associate firm. But HillStone continued doing significant contract work in the embattled country, including a six-year contract with the US Army Corps of Engineers. James Biden remained with Hill International, which accumulated contracts from the federal government for dozens of projects, including projects in the United States, Puerto Rico, Mozambique and elsewhere.
H****r B***n—son-- fused to his father’s power that led him to lucrative deals with a rogue’s gallery of governments and oligarchs around the world. Sometimes he would hitch a prominent ride with his father aboard Air Force Two to visit a country where he was courting business. Other times, the deals would be done more discreetly. Always they involved foreign entities that appeared to be seeking something from his father. , H****r’s involvement with an entity called Burnham Financial Group, where his business partner Devon Archer — who’d been at Yale with H****r — sat on the board of directors. Burnham became the vehicle for a number of murky deals abroad, involving connected oligarchs in Kazakhstan and state-owned businesses in China. But one of the most troubling Burnham ventures was here in the United States, in which Burnham became the center of a federal investigation involving a $60 million fraud scheme against one of the poorest Indian tribes in America, the Oglala Sioux. Devon Archer was arrested in New York in May 2016 and charged with “orchestrating a scheme to defraud investors and a Native American tribal entity of tens of millions of dollars.” Other victims of the fraud included several public and union pension plans.
designed to target pension funds that had “socially responsible investing” clauses, including pension funds of labor union organizations that had publicly supported Joe Biden’s political campaigns in the past. Indeed, eight of the 11 pension funds that lost their money were either government employee or labor union pension funds.
Tim Anderson, a lawyer who did legal work on the issuance of the tribal bonds, recounts seeing H****r while visiting the Burnham office in New York City to meet with Bevan Cooney, who was later convicted in the case. Jason Galanis, who was convicted in the bond scheme, agreed with an unidentified associate who also thought the company had “value beyond capital” because of their political connections. In the closing arguments at the trial, one of Archer’s defense attorneys, Matthew Schwartz. that it was impossible to talk about the bond scheme without mentioning H****r B***n’s name. This “was perfectly sensible,” according to Schwartz, “because H****r B***n was part of the Burnham team.”
Sourecs-Peter Schweizer,nyt, rear clear politics, HillStone International-archer, devon-partner, Anderson, tim-lawyer, galanis, Jason, schwartz, matthew-lawyer, starup health, arias, Oscar-costa rica, president-williamson, craig-developer, Guanacaste county club-developer, sun fund Americas, Caribbean energy security initiative (cesi), whie slade, joe & co.

no propaganda please Loc: moon orbiting the third rock from the sun

Corruption runs deep in the Democrat party's families. And they throw hissy fits when ever Trump has any connection to business people hehas been dealing with all his life.
Pathetic isn't it?

Big dog

👍👍👍👍👍👍👍👍👍👍👍👍