tag:blogger.com,1999:blog-4815867514277794362.post8390338865276283221..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: The economics of Paradigm Global – alleged substance abuse and alleged ponzi schemesJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4815867514277794362.post-76474755626741837412011-01-06T13:32:57.838+11:002011-01-06T13:32:57.838+11:00Ron Paul took campaign contributions from these pe...Ron Paul took campaign contributions from these peopleFieryLockshttps://www.blogger.com/profile/08475752389843462827noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-82412654042386907232009-04-30T07:53:00.000+10:002009-04-30T07:53:00.000+10:00Paradigm's layers have apparently responded:-
htt...Paradigm's layers have apparently responded:-<br /><br />http://www.politico.com/blogs/bensmith/0409/Biden_son_brother_associated_with_closed_hedge_fund.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-88414341727745802942009-04-30T05:01:00.000+10:002009-04-30T05:01:00.000+10:00Wow absolutely brilliant.. amazing work...keep up ...Wow absolutely brilliant.. amazing work...keep up the good thingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-37185104313653671022009-04-30T02:55:00.000+10:002009-04-30T02:55:00.000+10:00You are doing great work.You are doing great work.IFnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-66118885949543988802009-04-29T22:51:00.000+10:002009-04-29T22:51:00.000+10:00The fund claimed in 2006 it had 1.8 billion of FUM...The fund claimed in 2006 it had 1.8 billion of FUM. It claimed it in marketing documents.<br /><br />It really had something between 200 and 300.<br /><br />The Bidens purchased the business based on the claim but later renegotiated the price. They renegotiated based on mistatements made about the FUM.<br /><br />One part of the renegotiation was based on misstated returns. <br /><br />This is a CLOSE THE FUND deal. A fund that mis-states its returns is a diabolical entity. <br /><br />So to WHOM did they mis-state the returns. Were they mis-stated to individual clients? Why are the returns NOT on the web. Why do the returns in the SEC documents not match the returns on the website?<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-67091060689297539262009-04-29T22:46:00.000+10:002009-04-29T22:46:00.000+10:00I don't quite see how you are connecting the dots ...I don't quite see how you are connecting the dots here.<br /><br />You reference an affidavit that essentially shows that when the Biden's took controlling interest LESS THAN THREE YEARS AGO.<br /><br />When you talk about this merger agreement you note the fund had $300M in equity instead of the falsely represented $1.5B. From the Biden's perspective this affects nothing but the terms of the merger as at face value this is purely a business decision and investment.<br /><br />All of your issues with the company prior to 2006 appear to be the same issues Hunter Biden takes with the company's operations.<br /><br />I would love to hear about shady doings and fund misrepresentations as of very recent times but until I get more information, I really can't say the Bidens have done anything wrong here.<br /><br />Hedge funds are inherently opaque. I feel in the end all hedge funds are nothing but deceitful mechanisms for creating more wealth, ponzi or no ponzi.<br /><br />If you check out any small hedge fund, you'll see that it is similar in that you can't get information. That is the nature of the beast (see: The Baupost Group).<br /><br />P.S. I'm not entirely sure but I don't think you calculated revenue correctly. It seems you forgot to include the company's leverage, which would magnify the revenue of the company.Anonymousnoreply@blogger.com