Revelations have surfaced that implicate Hunter Biden in a $60 million securities fraud scheme more deeply than previously known.
Just The News reported that new evidence suggests Hunter Biden had substantive connections to misconduct involving tribal bonds issued by Burnham Asset Management. Documents and bank records link two of Hunter Biden's former business partners at Burnham Asset Management to a significant fraud scheme.
These records, which surfaced as part of a larger investigation, show transactions through a shared bank account with Biden in connection to fraudulent municipal bond deals.
Following the arrest of his associates, Hunter Biden publicly distanced himself from Burnham Asset Management.
He also mentioned during a congressional impeachment inquiry into his father that his association and proposed role at Burnham never actually materialized into a formal engagement.
Amid these controversies, former President Joe Biden granted a comprehensive pardon to Hunter Biden for any activities dating from 2014 to the present, thereby averting potential legal challenges he might face about his business dealings.
The implications of Hunter Biden’s dealings and his father’s subsequent pardon have fueled ongoing discussions among Congressional members.
They are considering further investigations into what they perceive as a pattern of influence peddling associated with the Biden family.
Corporate records have disclosed that Hunter Biden was listed as the vice chairman of Burnham with an offer of an $800,000 annual salary, a role dating back to April 15, 2015. These documents were initially obtained by the SEC and FBI in 2016 but gained attention during Congressional reviews and media reports in recent years.
Transfers through the RSB bank account, jointly held by Hunter Biden, financed part of the fraudulent securities transactions, raising questions about the exact nature of his involvement with the finances of his associates’ ventures.
Further legal probes and the judicial proceedings against Devon Archer, one of the business partners, underscored more links to Burnham. Archer highlighted the shared ownership with Hunter Biden of the Rosemont Seneca Bohai account, which was also used by Biden to receive money from Burisma Holdings.
A draft memorandum unearthed during the investigations had proposed a board position for Hunter Biden at a firm tasked with issuing bonds for a tribal entity, which suggested more planned, albeit unmaterialized, responsibilities.
Archer clarified during his testimony to congressional investigators in July 2023 that "Hunter was a corporate secretary of RSB. We had a handshake 50-50 ownership. And he conducted, you know, banking business with the COO."
Senator Ron Johnson, while discussing the pardon’s ramifications, noted, “But what is interesting is, with Hunter Biden's pardon, he has no Fifth Amendment right not to testify and tell the truth, and so he could be, we could prosecute him for lying to Congress. He's going to have to answer truthfully. So that's a real possibility.”
This pardon eliminates Hunter Biden's Fifth Amendment protections against self-incrimination, compelling him to testify truthfully under the threat of perjury should he fail to do so.
The statements by George Mesires, Hunter Biden’s lawyer, contrast sharply with these revelations. Mesires defended his client by stating, “The defendants...invoked and used Hunter’s name—without his knowledge—to lend their business venture more credibility. 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.”
The unfolding scenario places Hunter Biden at a precarious intersection of legal scrutiny and political repercussions. His future engagements in testimonial capacities might bring more light to these alleged dealings and the broader implications for his father's political legacy.