More than a decade ago, as then-Sen. Joe Biden launched his second presidential campaign, he asked a favor of his youngest son: stop lobbying -- according to claims in a lawsuit filed at the time.
The president and his allies have fixated on Hunter Biden's foreign business activities in Ukraine and China. But court records filed by Hunter Biden's onetime business partner more than a decade ago suggest then-Sen. Biden had misgivings about potential conflicts of interest presented by his son's domestic work as well.
He first worked at MBNA, a Delaware-based credit card company and one of his father's most generous campaign donors. When Hunter Biden was promoted to a senior vice president at the company at age 28, it raised eyebrows. Years later, after Joe Biden was named Barack Obama's running mate, the Obama campaign struggled to defend Hunter Biden's work at the company.
Robert Weissman, president of Public Citizen, a nonprofit and nonpartisan advocacy group, said that while it is not uncommon for children of powerful public figures to work in Washington, it can present an ethical conundrum.
Shortly after Lotito connected with Hunter and James Biden, the trio worked with Lotito to acquire a hedge fund called Paradigm. But within months, the deal began to unravel. Lotito filed the lawsuit in New York accusing the Bidens of cutting him out of the Paradigm deal, and the Bidens countered that Lotito had misrepresented the value of the hedge fund they had acquired.
In April of 2014, Hunter Biden and his Rosemont Seneca partner, Archer, landed seats on the board of directors at a Ukrainian oil and gas firm called Burisma. According to banking records reviewed by ABC News, the firm began collecting $166,666 payments each month. Both Bidens have denied any wrongdoing. During an exclusive interview with ABC News earlier this week, Hunter said he exercised"poor judgment" in taking the Burisma board seat, but defended himself against the ethical questions raised about his private ventures.
A career Obama diplomat warned the White House about Hunter Biden sitting on the board of Burisma He warned that Burisma was corrupt and it was a conflict of interest for Biden to serve on the board He was ignored and Obama approved the appointment
Hunter Biden at 21 was paid an untold sum of money by the large credit card co MBNA during those years, Joe Biden was backing a bankruptcy bill that became law in 2005 & helped the industry while hurting consumers The Biden's Are Corrupt Career Criminals
Now do Ivankas Chinese Trademarks!
Our mission at is to build the social news network that ends fake news. Check out our video on our profile it’s over 700k views!
Cool. What about the Trump children?
And who exactly did the investigation, Turkey or Russia? Well, that's important for the people to know.
But they went ahead anyway and for many years
Not buying it...
Great exposure during Honeymoon. Should learn from the pro's about business & politics.
It was a big mistake from his part. But now Trump wants to host the next summit on his property this also a conflict of interest . We are in time to stop him. Wrong .
If Hunter Biden was qualified to be a lobbyist 11 years ago why are people talking about his inexperience to earn half a million. I’m sure the Trump children along with many children of the DC elite earn that much and more.
Hope trumps check does not bounce dude. You know how he is about paying his bills.
Oh cut it out! Conflict of interest means nothing these days. Look no further than that demon in the White House.
'misgivings' OH MY !!! Noah ! BUILD A BOAT !
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: politico - 🏆 381. / 59 Read more »
Source: YahooNews - 🏆 380. / 59 Read more »
Source: NBCNews - 🏆 10. / 86 Read more »
Source: politico - 🏆 381. / 59 Read more »