Devon Archer, Burisma board member and co-founder of Rosemont Seneca Partners with Hunter Biden, attempted to appeal his conviction for fraud Tuesday, the Washington Examiner reported. This comes as President Joe Biden's son is embroiled in another major investigation.
Archer was convicted of securities fraud and conspiracy to commit securities fraud in 2018 after bilking a Native American tribe out of $60 million in bonds, Fox News reported. The longtime friend of the president's son then used the funds to "build a financial services mega-company" rather than the annuity he promised to investors.
He was convicted and sentenced to a year in prison in February 2022. A three-panel judge at the Second Circuit Court of Appeals in New York City heard Archer's appeal.
Matthew Schwartz, Archer's attorney, claimed that the arrest warrant against his client had issues including being too broad. He suggested the case go back to a lower court while the U.S. attorney Samuel Rothschild disagreed.
The appeal was successful, which will send the issue back to the lower courts, though a date has not been determined. The charges came from the scheme conducted between March 2014 and April 2016.
A Department of Justice investigation into the matter did not implicate Hunter Biden, who was vice president of Burnham Financial Group. However, the associated company received $155,000 in 2015 to issue the bonds.
Sources say a presidential pardon is off the table and Archer's associates are urging him to become a whistleblower to preserve himself. Meanwhile, Hunter Biden has abandoned his friend in his own desperate effort to keep out of trouble.
This began almost immediately when George Mesires, attorney for Hunter Biden, met separately with his client and then-Vice President Joe Biden in 2016 to discuss Archer's legal trouble. Hunter Biden and Archer also discussed the matter over email as the information became public, according to data recovered from the abandoned laptop belonging to the president's son.
"Thoughts? I don't think this is good when 1/3 of the story is about our relationship- 5 of 16 paragraphs," Hunter Biden said about a Wall Street Journal story about the issue in May 2016. "Any way we can push back harder," Hunter posed to Eric Sherwin, president of Rosemont Seneca Partners.
"There are no allegations you had anything to do with this only that you do business together," Schwerin responded. "Still not good but not sure how we push back without inviting more questions but defer to our experts."
In another group email, crisis communication expert and former Biden aide Robert Hoopes also wanted Hunter Biden to successfully distance himself from Archer. "It's good we sent Chris the note tonight clarifying that we aren't connected to Devon in this," he wrote.
Ties between Archer, the Bidens, and some of their most shady business dealings are well established. However, Archer's troubles will pale in comparison to what's coming down the pike for the Bidens.
On Wednesday, House Oversight and Accountability Committee Chairman James Comer announced an alleged money laundering and pay-for-play scheme the Bidens cooked up, the Washington Times reported. The committee's investigation said at least $10 million found its way from foreign nationals into the hands of the then-vice president.
The Bidens are headed for trouble as more details come out about their shady dealings. Archer may have legal woes of his own, but it's only a matter of time before justice comes for Hunter Biden and his powerful father, who were the alleged ringmasters all along.