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2020-10-10 -Lurid Crime Tales-
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Federal appeals court reinstates criminal convictions of Hunter Biden's business partner Devon Archer
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[Just the News] The United States Court of Appeals for the Second Circuit on Wednesday reversed a lower court decision to grant a new trial in a fraud case involving Hunter Biden's ex-business partner Devon Archer.
Hunter Biden was not charged in the scheme, but Biden's name was reportedly "invoked at various stages of the fraud as a selling point in transactions."
Archer was indicted on March 26, 2018 and charged with conspiracy to commit securities fraud and securities fraud for a Native American tribal bond scheme hatched by Archer and several of his business partners. After a trial lasting approximately one month, the jury found Archer guilty on both counts. Archer asked the district court to set aside the jury's verdict and successfully pushed for a retrial. Now, the Second Circuit Court of Appeals has reinstated the jury's conviction and sent the Archer case back to district court for sentencing.
Financial records made public during Archer's 2018 trial revealed large sums of Chinese and Ukrainian money flowing into Archer's and Biden's accounts via a Morgan Stanley account for an entity called Rosemont Seneca Bohai, LLC (RSB). For example, the RSB financial records revealed that Ukraine's largest gas company, Burisma Holdings, funneled millions to Archer and Biden in 2014 and 2015. According to Archer's bank statement, Burisma paid at least $166,666.66 (twin payments of $83,333.33) into Biden and Archer's joint account each month between May 2014 and October 2015.
Archer's bank statement released in the trial also revealed that the China state-owned Bank of China directly funneled more than $100,000 into the same account as Burisma beginning in December 2014. Another entity, Novatus Holding Pte. Ltd., wired $142,300 to the Rosemont account on April 22, 2014. That entity is controlled by a Kazakh businessman named Kenges Rakishev who has close ties to the leaders of Kazakhstan.
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Posted by Hupolurong Speasing3559 2020-10-10 03:09||
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