Hunter Biden’s name, signature, and shared bank account showed up in $60M fraud investigation

Members of Congress expressed an interest in continuing their investigation into the Biden family, even after the sweeping pardons were issued. They want to find out the truth.

Hunter Biden was not scrutinized when a securities fraud involving a million dollars engulfed two of his business partners, Burnham Asset Management. Bank records and corporate documents drafts show that one of the future sons’ shared bank accounts were used to conduct the fraudulent bond deal.

Biden immediately distanced himself from the company after his partners were charged and arrested in the scheme. Later, he told lawmakers that the planned work with Burnham, his father former president Joe Biden, never materialized.

Former President Joe Biden has pardoned his son for all his involvement with the company that was at the heart of the fraud scheme.

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Members of Congress expressed an interest in continuing to investigate what the House GOP impeachment investigation concluded last year as a Biden Family influence peddling scam, especially after the final report by the special prosecutor for Hunter Biden left many questions unanswered.

Just the News published the first evidence last year that the younger Biden had been much more closely connected with the entities implicated in the tribal bond fraud. Corporate records reveal that Hunter Biden was Vice Chairman at Burnham, and that he received a $800,000.00 yearly salary. An analysis of signatures confirmed that Biden had signed the Burnham employment contract dated April 15, 2015

Just the News received these documents recently after they were collected by SEC and FBI agents in 2016. They had been obtained by Congress as part of the impeachment investigation and shared by Just the News. The same investigation into tribal bond fraud has revealed new documents that show Hunter Biden to be closer than previously thought.

Federal authorities scrutinized a bond transaction in which he used a joint bank account with a business partner. Just the News reported that a person close to the transaction said that the bonds had been transferred into and out of the RSB to link them with the Biden’s name. This was in line with a pattern that House Republican investigators identified that Hunter Biden traded on his last name for lucrative deals.

According to documents obtained by Just the News, the draft private placement memo for the bond deal floated Hunter Biden, as a possible board member, for the entity that would issue the bonds for the tribe entity.

Abbe Lowell did not reply to the request from Just the News for a comment on the bank records.

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Bank records reveal that initial Wakpamni bonds worth $15 million were transferred from the Rosemont Seneca Bohai LLC account listed under Devon Archer’s name, days before Biden agreed to the Burnham employment contract. Investigators identified this transaction as part of an overall $60 million fraud scheme, for which Archer along with several other defendants were prosecuted.

The Justice Department states that from March 2014 until April 2016, Archer, another partner Jason Galanis and several other co-defendants were accused of defrauding the Oglala Sioux Native American tribe by convincing it to issue bonds but failing to invest them according to their promises. Archer and Galanis, along with several other co-defendants, were ultimately found guilty. However a recent judge ruled that Archer’s sentence should be revised.

Hunter Biden’s lawyer, George Mesires at the time of his arrest, immediately released a press release distancing himself from the alleged Burnham scheme and claimed Archer & Galanis used Biden’s name without knowing.

According to the Wall Street Journal, Mesires stated that “the defendants… invoked and used Hunter’s name without his knowledge” in order to lend their business venture a greater credibility. Hunter immediately took action as soon as he learned that the Burnham Group and the defendants were engaging in illegal conduct and using his name inappropriately and unauthorized.

The records examined by Just the News, and the congressional testimony of Devon Archer, show that Rosemont Seneca Bohai’s bank account and Hunter Biden were closely linked. Two IRS whistleblowers provided evidence to the House Ways and Means Committee during the impeachment investigation that Hunter Biden had been the corporate secretary at the firm.

Archer’s impeachment evidence confirmed Hunter Biden’s association with the company and its bank accounts.

“Hunter worked as a corporate secretary for RSB. We had a 50-50 handshake. Archer testified to congressional investigators in July 2023 that he had conducted banking business with his COO.

Hunter Biden received his salary from Burisma Holdings, a controversial Ukrainian energy firm. The account Rosemont Seneca Bohai was the main vehicle used to do so. House Republicans accused the company of being at the heart of an influence-peddling scheme by the Biden family, using the family patriarch as vice president and their name.

Just the News reviewed the same bank statement from 2015 and noted the monthly payments to Burisma and the transfers into and out of the account.

Below you can view excerpts of the bank statement:

Proposed leadership role

A draft memo for a private placement bond offering by the Wakpamni Lake Community, a subsidiary of Oglala Sioux Nation, shows that Hunter Biden’s name was mentioned as a board director in the early stages. In the draft memo that outlines the plans for tribal bond offerings, Hunter Biden was proposed to serve as a board member of Sovereign Re Capital Holdings Inc. the bond issuer.

It includes a brief bio that highlights Biden’s work at the Boies Schiller Flexner, LLP and other Rosemont Seneca companies. The entry also mentions his role as Honorary Co Chair on the 2009 Presidential Inaugural committee, the year in which his father was inaugurated vice president. It also lists his longtime partner Devon Archer who testified at the House Impeachment Inquiry in 2023.

Below you can find the memo:

The structure described in the draft was never involved in the bond deal or whether Hunter Biden received the offer.

Matthew L. Schwartz claimed during Archer’s fraud trial that Hunter Biden was “part of this deal.” Hunter Biden’s lawyer at the time disputed this claim and tried to distance Biden.