from ZeroHedge:
Recently pardoned Hunter Biden has once again found himself at the center of controversy, as newly surfaced bank records and corporate documents indicate that a shared bank account linked to the future first son was used in a fraudulent bond transaction tied to Burnham Asset Management. The firm was involved in a million-dollar securities fraud that saw two of Biden’s business partners arrested and convicted – while Hunter escaped accountability, Just the News reports.
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Huntr’s former business partners, Devon Archer and Jason Galanis, were convicted for their roles in a scheme that defrauded an Oglala Sioux Native American tribal entity of tens of millions of dollars. Federal authorities found that instead of investing the funds as promised, Archer, Galanis, and their associates misappropriated the bond proceeds.
While Archer and Galanis faced prosecution, Hunter quickly faded into the bushes, telling lawmakers in his impeachment inquiry deposition that his proposed role in the company “never came to fruition.” However, bank records and a signature analysis reveal that Biden was more entangled with the firm than he has publicly acknowledged.
A Shared Bank Account Used in the Scheme
Records show that a bank account linked to Biden and Archer – Rosemont Seneca Bohai, LLC (RSB) – was directly involved in the fraudulent bond transaction. According to a source close to the transaction, the bonds were transferred to and from the RSB account, possibly to capitalize on the Biden name – a pattern consistent with House Republican claims that Hunter Biden leveraged his last name for lucrative deals.
Last year Just the News reported the first evidence that the younger Biden was much more closely associated with the entities involved in the tribal bonds fraud. Corporate records show that Hunter Biden served as Vice Chairman of Burnham and was promised an $800,000 yearly salary. A signature analysis confirmed Biden signed the employment agreement with Burnham dated April 15, 2015.
These documents were first collected by the SEC and FBI agents back in 2016, obtained by Congress during the impeachment inquiry, and recently shared with Just the News. New documents from the same probe of the tribal bond fraud show that Hunter Biden was closer to the action than previously known.
For example, a bank account he shared with one business partner was used in part of the bond transaction scrutinized by federal authorities. One individual close to the bond transaction told Just the News that the bonds were transferred to and from the RSB account to associate them specifically with the Biden name, evoking a pattern identified by House Republican investigators that suggested Hunter Biden was trading on his last name to secure lucrative deals. -Just the News
While Hunter Biden’s former attorney George Mesires, argued that his client’s name was used without his knowledge…
“The defendants…invoked and used Hunter’s name—without his knowledge—to lend their business venture more credibility,” Mesires said. “As soon as Hunter learned of the illegal conduct, and that his name was being used in this unauthorized and inappropriate manner, Hunter took immediate steps to ensure that his business interests would not be associated with the Burnham Group or with any of the defendants.”
…however congressional testimony from Archer tells a different story. Archer testified that Biden was not only involved but held the position of corporate secretary at RSB and had “a handshake 50-50 ownership” of the entity.
Additionally, the RSB account was the primary conduit for Biden’s payments from Burisma Holdings, the controversial Ukrainian energy company at the center of Republican allegations that the Biden family engaged in influence peddling.
