It’s A Bond New Day For Biden Corruption

Red State

Part 1:  Who, What, Where, and How.

The “30,000-foot view” of the bond fraud scheme is that a group of white-collar “fraudsters” with a long track record of dubious and illegal financial dealings, pitched a proposal to the Wakpamni Lake Community Corporation of the Oglala Sioux Tribe, in Pine Ridge, South Dakota, to issue a serious of tax-free tribal bonds to raise money for improvements and public works projects on Tribal land in South Dakota  The fraudsters claimed they would take the proceeds from the bond sales, purchase annuities with a reputable insurance company.  The revenue from the annuities would pay the interest on the bonds to the investors, and the excess revenue would be used to fund projects on the Tribal land.

What happened instead was that through a series of fraudulent acts and sham transactions, after the Tribe issued three sets of bonds with an aggregate total value of $64 million, none of the proceeds from the sales of the bonds were used to purchase annuities as promised. More

This is going to be a multi-piece expose of the bond scheme that defrauded a tribe of Indians that Hunter Biden got caught up in along with his friend, Devon Archer. Watch for more articles this week. – Dr. Tar