Devon Archer, Hunter Biden’s ex-business partner, is to be sentenced on securities fraud and conspiracy charges, after being found guilty.
The jury found Archer guilty on both counts after a month-long trial. However, Archer was successful in appealing for a retrial.
That decision was reversed by the United States Court of Appeals for the Second Circuit on Wednesday, Oct. 7.
On March 26, 2018, Archer was indicted and charged with conspiracy to commit securities fraud for a Native American tribal bond scheme that he had connived along with his business partners.
The fraud case involving Archer has Hunter Biden’s name, “invoked at various stages of the fraud as a selling point in transactions,” according to the WSJ.
In a turn of events, the Second Circuit Court of Appeals has brought back the original verdict, and his case has been sent back to the district court to await sentencing.
“Because the weight of the evidence presented at trial did not preponderate heavily against the jury’s verdict, we find that the district court abused its discretion in vacating the judgment and granting a new trial.
Accordingly, the decision of the district court is REVERSED, and the jury verdict is reinstated. The case is REMANDED to the district court for sentencing,” was the court summary.
During Archer’s trial in 2018, financial records were made public that showed huge sums of money from China and Ukraine were being deposited into both Archer and Hunter Biden’s accounts.
The transactions were conducted via a Morgan Stanley account for an entity called Rosemont Seneca Bohai, LLC (RSB.)
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 Rosemont account each month from May 2014 to Oct. 2015, and the deposits amounted to millions during that year.
It was also revealed the CCP-owned Bank of China had also channeled more than $100,000 into the same (Rosemont) joint account, starting in December 2014.
Novatus Holding Pte. Ltd., wired $142,300 to the Rosemont account on April 22, 2014.
The Rosemont account is managed by Kazakh businessman Kenges Rakishev, who has close links to Kazakhstan leaders, reported Just The News.
“Treasury records acquired by the Chairmen show potential criminal activity relating to transactions among and between Hunter Biden, his family, and his associates with Ukrainian, Russian, Kazakh, and Chinese nationals,” the 87-page report disclosed, confirming an earlier account in Just the News.
Financial records revealed during Archer’s trial in 2018 were scrutinized as part of a joint Senate committee investigation led by Republicans. The Biden’s were flagged for obvious conflicts of interest and possible criminal activity, with “glaring’ evidence of Burisma bribes, sex trafficking, and dubious foreign money transactions.
“The report raises serious questions that former Vice President Biden needs to answer,” Sen. Ron Johnson (R-Wis.) told Just the News. “There are simply too many potential conflicts of interest, counterintelligence, and extortion threats to ignore.”
In September 2019, Joe Biden told Fox News in Iowa that he and his son never discussed his son’s foreign business dealings.
“I have never spoken to my son about his overseas business dealings,” Biden said.
Pointing the finger at President Trump, Biden said, “I know Trump deserves to be investigated. He is violating every basic norm of a president. You should be asking him why is he on the phone with a foreign leader, trying to intimidate a foreign leader. You should be looking at Trump.”
President Trump was right to question Joe Biden’s Ukraine connections.