by Anthony
The phrase, the ‘Biden Crime Family’ has been trending on Twitter lately and some may think it’s just rhetoric, but if one was to just take a quick look at Biden’s family they would see that there is corruption all around them. For starters, while Joe Biden was Vice President, his son Hunter was doing shady business deals in Ukraine, Choja, and Kazakhstan.
Hunter’s shady business dealings have been under fire for the last year, but what hasn’t been widely reported is Joe Biden’s brother, James Biden’s corrupt business dealing in Iraq. In 2011 while Joe Biden was Vice President his brother James Biden was rewarded a 1.2 Billion dollar contract to build affordable residential homes in Iraq. Many residential housing developments companies were shocked James Biden got the dea,l considering at the time he was awarded the contract he was not a big name in the industry at all.
According to the New York Post, James Biden only got the contract due to his last name:
James Biden isn’t a big name in the business of residential housing development, so what exactly qualifies him to work at a construction company and share in the winnings of a $1.5 billion project to build affordable homes in Iraq?
If you said it has something to do with his last name, the one shared by his older brother Vice President Joe Biden, you wouldn’t be far off. At least that’s the guess of some Wall Street analysts who cover the Marlton, NJ-based company Hill International and think they’ve seen yet another sordid tale of crony capitalism.
Hill has been around for decades; its main business is managing construction projects in the Middle East and here in America. It’s built a good reputation over the years, as has the father-son team who run it, Irv and David Richter.
But the bursting of the real-estate bubble took its toll; Hill shares are down 80 percent since 2008. Since 2011, the company has reported losses. Its Middle East business has also been stymied by the Arab Spring uprisings; in Libya alone, Hill is out $60 million in payments that it’s still trying to recover.
But it got some good news not long after its housing subsidiary hired James Biden as an executive vice president in late 2010. Just six months later, Hill won one of its biggest contracts ever, a $1.5 billion deal to build at least 100,000 affordable homes in Iraq.
While the American people lost their loved ones in Iraq families like the Biden’s profited from the war. Besides doing shady business in Iraq James also has done some questionable businesses in the United States too.
James Biden also had a brief and rather controversial stint as a co-owner of an investment firm with Joe Biden’s son Hunter. In fact, it turns out that the enterprise was promoted by businesses owned by now-convicted Ponzi conman Allen Stanford. However, neither Biden nor the fund business has been prosecuted, and the company is already closing down its activities. It appears if your last name is Biden then you can do anything you want.
Author: Anthony
Source: Trending Politics: The Hidden Truth About Joe Biden’s Brother Involvement In Iraq
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