Hunter Biden business associate sentenced to prison for fraud scheme – IOTW Report

Hunter Biden business associate sentenced to prison for fraud scheme

Just the news-

Devon Archer, a former business partner of President Joe Biden’s son, Hunter, was sentenced on Monday to just over a year in prison for defrauding a Native American tribe of $60 million in bonds.

Manhattan Judge Ronnie Abrams, an Obama appointee, sentenced Archer to one year and one day in federal prison for “defrauding a Native American tribal entity and various investment advisory clients” of more than $60 million. From March 2014 to April 2016, Archer worked with others on the scheme that caused the Wakpamni Lake Community Corporation, a tribal entity, to issue a series of tribal bonds through “lies and misrepresentations,” the Department of Justice press release states. 

Archer, who has maintained his innocence, was ordered to forfeit more than $15 million and pay over $43 million in restitution. He will also have one year of supervised release after prison. 

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10 Comments on Hunter Biden business associate sentenced to prison for fraud scheme

  1. A slap on the wrist by a limp-wristed Osmidgen Judge. Hundreds of Americans remain illegally locked up for their legal activities on January 6, 2022, and this crooked Biden Buddy gets a year in a Federal Wine and Cheese Pairing Facility.

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  2. “Archer, who has maintained his innocence, was ordered to forfeit more than $15 million and pay over $43 million in restitution.”

    Does The Big Guy forfeit his 10%?

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  3. There was (at least) a third Hunter Biden partner also involved in money crimes. He was often named in the early stories, but he’s never been mentioned in the interim. I am surprised that Archer has been convicted on a domestic money crime and nothing involving Ukraine or China.

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  4. Archer, who has maintained his innocence, was ordered to forfeit more than $15 million and pay over $43 million in restitution.

    It was never about the money. Not then. Not now.

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