Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Hunter Biden's name used to legitimize sale of fraudulent tribal bonds


February 6, 2020

Hunter Biden, the son of former Vice President Joe Biden, in 2013. Photo: CSIS | Center for Strategic & International Studies

WAKPAMNI LAKE – The Wakpamni Lake Community Corporation bond scheme that defrauded unwitting investors of more than $60 million, attracted the attention of the Wall Street Journal, because of a high profile name connected to it, Hunter Biden.

The bond offerings by the Wakpamni Lake Community Corporation, promised millions in relief to one of the most impoverished areas in the nation, with little or no economic development opportunities. However the old adage, "If it seems too good to be true, then it probably is" turned out to be true in this case.


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