Hunter Biden and his lawyer, Marc LoPresti, maintain that the deal was fair, given the state of the company. But people close to Park say he was emotionally fragile and felt indebted to the Bidens, which put him in a vulnerable position.
Finally, in 2008, the economy collapsed, after which it emerged that Allen Stanford, whose firm was soliciting investors for one of Paradigm’s funds, was running a multibillion-dollar Ponzi scheme. While the fund itself was solid, investors were spooked. In 2010, Paradigm filed for voluntary liquidation. “It was a thicket,” Hunter Biden told me. “Every time you thought you saw a way out, there would be another road block.”
November 16, 2013
"The Fall of the House of Moon /Sex rituals, foreign spies, Biden offspring, and the Unification Church's war-torn first family."
A long article by Mariah Blake in The New Republic. Excerpt: