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Tuesday, April 23, 2024
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Supreme Court Rejects Appeal of Hunter Biden Associate in Bond Fraud Case

The United States Supreme Court declined to hear an appeal from Devon Archer, a former business partner of Hunter Biden, effectively upholding his conviction for securities fraud related to the sale of tribal bonds. This decision marks the end of a legal saga intertwined with allegations against Hunter Biden, the son of President Joe Biden.

Archer and others were convicted in 2018 of participating in a scheme to fraudulently issue more than $60 million in bonds for the Wakpamni Lake Community Corporation, the corporate arm of the Oglala Sioux Tribe. Archer allegedly misled investors about the financial health of the tribe and the security of the bonds, resulting in significant losses for purchasers.

Archer appealed his conviction, arguing that the trial judge had erred in specific evidentiary rulings and jury instructions. However, the Supreme Court’s denial of his appeal signifies that the justices did not find merit in his arguments.

The case against Archer has drawn scrutiny due to his connection to Hunter Biden. Archer and Biden served together on the board of directors of Burisma Holdings, a Ukrainian natural gas company. While no evidence has emerged implicating Hunter Biden in the bond fraud scheme, his association with Archer has fueled Republican criticism of the Biden family and potential conflicts of interest.

The Supreme Court’s decision came when Hunter Biden faced increased scrutiny over his business dealings in Ukraine and China. Republican lawmakers have intensified their investigations into these activities, potentially setting the stage for further political and legal battles.

While the Supreme Court’s decision brings closure to the specific case against Archer, the broader implications of his connection to Hunter Biden and the Biden family will likely remain a topic of political debate and public interest in the foreseeable future.

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