Hunter Biden: Stanford associate.

Welcome to Washington.

Now, that’s Hunter Biden, corporate lobbyist and former Amtrak vice-chair, not Beau Biden, former state attorney general – and widely-assumed heir-in-exile to his father’s Senate seat, just as soon as they can have the formality of an election in 2010. Heaven forbid that you get these two scions of a good working class family mixed up, or something.

Speaking of getting mixed up in something, hey!

A fund of hedge funds run by two members of Vice President Joe Biden’s family was marketed exclusively by companies controlled by Texas financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8 billion fraud.

The $50 million fund was jointly branded between the Bidens’ Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund. Stanford-related companies marketed the fund to investors and also invested about $2.7 million of their own money in the fund, according to a lawyer for Paradigm. Paradigm Global Advisors is owned through a holding company by the vice president’s son, Hunter, and Joe Biden’s brother, James.

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