According to a report from Just The News, which obtained a copy of a 2015 Morgan Stanley internal presentation, Hunter Biden and Devon Archer’s business dealings were raising red flags within the banking community nearly 10 years ago with transactions described as “fraudulent.”
One banker was so concerned he escalated the case to the U.S. Securities and Exchange Commission (SEC) a few days before Donald Trump won the presidency in 2016.
“Due diligence on involved parties reveals less than clean records,” a Morgan Stanley investment bank compliance presentation from May 2015 stated.
“Less than clean records.”
Another note from the presentation: “Seems odd that one entity received both the bonds and bond proceeds —essentially paying themselves, net of significant fees, and after issuance were willing to sell the bond at a significant loss.”
That is “odd,” isn’t it?
According to Just The News, “The presentation is one of the earliest known whistleblower activities to raise serious questions about Hunter Biden and his foreign business exploits. It triggered suspicious activity reports (SARS) filed by banks and a SEC complaint that would eventually lead to the 2016 indictment of several Hunter Biden business partners in a bond fraud scheme and later FBI and IRS investigations targeting Hunter Biden himself for tax evasion.”
The presentation involved slides on both Hunter Biden and Devon Archer, and included a “Transaction Structure” that included Rosemont Seneca.
“No clear illegal activity is being accused, but authors of this presentation determined activity was suspicious enough to warrant escalation of review by appropriate internal Compliance representatives,” the internal presentation stated.
Two Morgan Stanley officials would file whistleblower complaints; they went nowhere.
The report even flagged an August 25, 2008 article in The New York Times mentioning Hunter Biden’s involvement in a hedge fund lawsuit: “Biden’s Son Caught Up in Hedge Fund Trouble,” the article stated. ‘A son and a brother of Senator Joseph R. Biden Jr. of Delaware are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went sour.”
Here we are, 15 years later, and Hunter’s past is finally catching up with him.
