The Supreme Court has declined to hear the appeal of Devon Archer, Hunter Biden’s longtime business partner, who sought to have his criminal conviction for securities fraud overturned.
In declining Monday to take up the appeal, the justices let stand Archer’s 2018 conviction for defrauding investors of more than $60 million from bonds sold on behalf of the Oglala Sioux tribe. Burnham Securities, the firm at the center of the fraud, touted their ties to Hunter Biden, who did not face charges in the case.
A federal judge later vacated Archer’s conviction, which was reinstated by a federal appeals court. That court had ordered that Archer face sentencing, and that order will now be carried out.
It was from proceedings in Archer’s fraud trial that Archer’s and Hunter Biden’s relationship with the corrupt Ukranian energy company, Burisma, were revealed, along with other troubling financial entanglements abroad. Until Archer’s indictment in 2016, Burisma paid Hunter Biden through an LLC controlled by Archer. The records showing those payments were first reported by Government Accountability Institute.
Those accounts, which received proceeds from the bond frauds, were also serving as a pass-through from Burisma to Biden.
