Hunter Biden’s former business partner and friend Devon Archer was just sentenced to one year in prison for his part in a scheme to steal $60 million from a Native American tribe, a new report says.
U.S. District Court for NY Judge Ronnie Abrams also forced Archer, 47, to hand over $15,700,513 and give $43,427,436 in restitution.
Hunter Biden, 52, reportedly worked with Burnham Financial Group, Archer’s company, during the time that the fraud happened, according to emails which reporters obtained.
Archer, along with two more Burnham Financial Group executives, was convicted back in 2018 of defrauding the Oglala Sioux tribe from bond proceeds, according to the news outlet.
Biden was reportedly not linked in a legal sense to the fraud but helped to create an unrelated business venture for Durham Financial Group with Chinese company Bohai Harvest. His attorney has said he did not know about the fraud.
However, it came to light during the legal trial that Hunter’s name was used in a pamplet promoting the scheme, the outlet said.
Biden’s attorney George Mesires said, “As soon as Hunter Biden learned about the illegal activity, and his name being used in this inappropriate way, Hunter took quick steps to guarantee his business interests would not be connected with the Burnham Group or with any defendants.”
Emails reveal Hunter Biden played a crucial role in brokering the JV between Burnham and the Chinese company Bohai Harvest.
After the Bohai-Burnham deal succeeded, federal police questioned Hunter Biden about it, according to a list of “government questions” his attorney had sent him, including why he got $248,000 in “varying amounts” with indirect money wires to another company, as reported by Daily Mail.
In May, the SEC charged Archer and two more Burnham executives, Bevan Cooney and Jason Galanis, with selling fake bonds.
Galanis’ brother said his father and brother were “excited when Hunter agreed to be involved in the Burnham business,” as the Daily Mail reported.
“His name was used around the house. They would talk about Hunter Biden all the time,” he said. But he said he never witnessed any explicit conversation about Hunter being aware of the scheme.
These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.
To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].
Family-Friendly Content
Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More
These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.
To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].
Family-Friendly Content
Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More
