Hunter Biden used his father’s name to get out from under a serious investigation which landed his partners at Rosemont Seneca Bohai in prison.
From the House Oversight Committee:
In 2016, Hunter Biden was subpoenaed by the U.S. Securities and Exchange Commission for information in its investigation of a tribal bond scheme in which several individuals were charged with violating federal securities laws.
We obtained Hunter Biden’s response, dated April 20, 2016, to the SEC subpoena.
In the letter, Hunter’s counsel wrote: “As a threshold matter, we request that you treat this matter with the highest degree of confidentiality, consistent with Commission policy and applicable law. The confidential nature of this investigation is very important to our client and it would be unfair, not just to our client, but also to his father, the Vice President of the United States, if his involvement in an SEC investigation and parallel criminal probe were to become the subject of any media attention.”
On May 11, 2016, the SEC published a press release—announcing the charging of seven individuals—with no mention or charging of Hunter Biden.
Here’s more from the New York Post:
First son Hunter Biden invoked his father Joe’s position as vice president to help fend off charges from the Securities and Exchange Commission after it subpoenaed him in a 2016 fraud probe, according to a letter revealed Tuesday.
Ultimately, seven people, including Hunter’s associates Devon Archer and Jason Galanis, were charged with defrauding a Native American tribe — but not the younger Biden himself.
Now House Republicans involved in the impeachment inquiry of President Biden are demanding answers from the SEC.
At the time, the agency was investigating the sale of more than $60 million in fraudulent bonds for an Oglala Sioux tribal entity in South Dakota.
Trial testimony and emails from Hunter Biden’s abandoned laptop indicate that he was the vice chairman of Burnham Financial Group. Court records indicate the firm controlled Burnham Securities, which was the placement agent for the $60 million bond sale ripoff that defrauded the tribe.
On March 16, 2016, the SEC subpoenaed Hunter for all documents and communications “concerning Rosemont Seneca Bohai,” which was managed by Archer and owned a percentage of Burnham — and which Archer told congressional investigators last year had a “50-50 handshake” ownership structure between himself and Hunter.
More than a month later, on April 20, 2016, Hunter’s counsel responded to the subpoena and implored the agency to keep the matter on the down-low.
“The confidential nature of this investigation is very important to our client and it would be unfair, not just to our client, but also to his father, the Vice President of the United States, if his involvement in an SEC investigation and parallel criminal probe were to become the subject of any media attention,” his attorney wrote in a lightly redacted letter released by the House Oversight Committee Tuesday.
“Mr. Biden’s response gratuitously invoked his father’s position as the Vice President in what could be interpreted as an effort to discourage further SEC scrutiny,” House Oversight Chairman James Comer (R-Ky.) and House Judiciary Chairman Jim Jordan (R-Ohio) wrote in a letter to SEC Chair Gary Gensler.
“On May 11, 2016, the SEC published a press release—announcing the charging of seven individuals—with no mention or charging of Hunter Biden.”
“[Rosemont Seneca Bohai] was directly implicated in the tribal bond scheme,” Comer and Jordan wrote. “… The RSB bank account was used to funnel other foreign payments and benefits to Hunter Biden, including money from Ukraine and a new sports car from an oligarch in Kazakhstan.”
Galanis was sentenced in 2017 to 14 years in federal prison sentence in connection with the bond scheme.
In June 2018, Archer was convicted by a jury of two felonies and was sentenced to a year and a day in prison, ordered to forfeit $15.7 million and pay restitution of $43.4 million.
Archer sought a shortened sentence in February due to his cooperation with the House GOP impeachment probe.
In addition to seeking a trove of documents — including any communications between the SEC and then-Vice President Biden’s office — Comer and Jordan are also demanding an interview with a former SEC staff attorney who led the probe and is now a principal enforcement adviser at the agency.
I guarantee that this letter from Hunter was followed by phone calls on behalf of the elder Biden and that’s why the SEC dropped their investigation into Hunter. Think about it. If Joe would threaten to withhold aid money and force Ukraine to fire it’s chief prosecutor because of the money he and his son were raking in from Burisma, just think about what he’d do behind the scenes to protect his son from prison time.
The Bidens are corrupt to the core.