Hunter Biden is once again embroiled in mor controversy as newly surfaced bank records and corporate documents link him to a fraudulent bond transaction involving Burnham Asset Management.
The firm, tied to a multi-million-dollar securities fraud scheme, saw Biden’s business partners arrested and convicted while Hunter himself avoided accountability.
The fraud centered on a scheme to defraud the Oglala Sioux Native American tribe out of tens of millions of dollars. Hunter’s former business partners, Devon Archer and Jason Galanis, were convicted for misappropriating funds meant for the tribe.
However, despite evidence of Biden’s involvement, he has maintained he played no active role in the company.
Shared Bank Account Exposed in the Scheme
Records reveal that a shared bank account tied to Hunter Biden and Devon Archer—Rosemont Seneca Bohai, LLC (RSB)—was directly used in the fraudulent bond transactions.
Sources familiar with the case suggest the account was utilized to associate the Biden name with the bonds, lending credibility to the scheme—a pattern consistent with allegations that Hunter leveraged his last name for personal gain.
Additional evidence, including corporate records and a signature analysis, contradicts Hunter’s claims of minimal involvement.
Documents show Biden served as Vice Chairman of Burnham and signed an employment agreement with the firm in 2015, promising him an $800,000 annual salary.
Archer testified under oath that Hunter held a 50-50 ownership stake in RSB and acted as its corporate secretary.
Hunter Biden’s Role in Burnham and the Tribal Bond Deal
Draft documents from the investigation also suggest Hunter Biden was floated as a potential board member for Sovereign Re Capital Holdings Inc., the entity issuing the fraudulent bonds.
These drafts highlighted Biden’s professional credentials and political ties, presumably to bolster the deal’s legitimacy.
Hunter’s legal team has repeatedly denied his involvement, claiming his name was used without his knowledge.
However, Archer’s testimony painted a different picture, alleging Biden’s active participation and confirming RSB as a conduit for payments tied to the deal.
Notably, the RSB account was also used to process payments from Burisma Holdings, the Ukrainian energy company at the center of GOP allegations of influence-peddling by the Biden family.
Congressional Scrutiny Mounts
During his 2024 impeachment inquiry deposition, Hunter Biden insisted his proposed role in Burnham “never came to fruition.”
However, House Republicans remain skeptical, armed with bank records, corporate agreements, and Archer’s testimony as evidence to the contrary.
The situation has drawn renewed attention following President Joe Biden’s sweeping December pardon of Hunter, covering his actions from 2014 to the present.
The pardon removes Hunter’s Fifth Amendment protections, prompting some lawmakers to explore whether he can be compelled to testify without fear of self-incrimination.
Sen. Ron Johnson (R-WI) has suggested Hunter could face prosecution for perjury if he lies under oath, telling Just the News:
“With Hunter Biden’s pardon, he has no Fifth Amendment right not to testify and tell the truth. He’s going to have to answer truthfully. So that’s a real possibility.”
As evidence mounts, House Republicans are weighing their next steps.
Documents, bank records, and testimony continue to fuel allegations of influence-peddling and financial impropriety.
Despite Hunter Biden’s denials, the investigation into his business dealings is far from over.
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