While Joe Biden served as ranking member of the Senate Foreign Relations Committee, Hunter and James Biden acquired the hedge fund firm Paradigm. T
he former chief compliance officer of the firm has said that James Biden spoke to him of plans to solicit investments from foreign entities who wanted to be supportive of Joe Biden but were legally barred from donating to American political campaigns.
A representative for James Biden has said no such conversation took place, and
there is no evidence that Paradigm landed investments from foreign interests.
Three former Paradigm executives have also
said that James and Hunter hoped to capitalize on their family’s political alliance with organized labor to land investments from union groups for Paradigm.
There is no evidence they succeeded in landing such investments for Paradigm.