A federal appeals court has reportedly reinstated convictions of a former Hunter Biden business associate for securities fraud and conspiracy.
Biden's former employee in legal trouble
Devon Archer, who previously worked with Biden and served on the board of directors of the Ukrainian natural gas company Burisma, was convicted along with two others by a federal jury in Manhattan in 2018.
However, a judge overturned Archer's conviction before ordering him to be tried again, claiming there was insufficient evidence to prove he knew of a devious fraud program.
That program was related to the sale of US $ 60 million bonds issued to a company affiliated with the Oglala Sioux Indians, according to the Wall Street Journal.
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Court of Appeal gives Archer bad news
A three-judge panel of the US Appeals Court for the Second Circuit ruled Wednesday that Archer "at least knows the general nature and scope of the system and intends to make it work."
Prosecutors accused Archer of misusing the proceeds, but his lawyers then argued that he actually lost money on the deal.
"The veteran federal judge who led the month-long trial of Mr. Archer found that he lacked 'the necessary intent' and is innocent of the crimes charged," said Matthew Schwartz, Archer's attorney.
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"Today's verdict, which questions the judge's decision without sitting through the evidence and listening to the witnesses, is more than disappointing," he added.
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Biden denies knowing anything about the scheme
Biden's name has been used throughout the scam program to make him appear more legitimate. However, his lawyers have alleged that he was unaware of this and was in no way involved. Biden's legal team didn't respond when asked for comment by the Wall Street Journal last week.
Archer and Biden were together on the Burisma board from 2014. At the time, Biden's father, Joe Biden, was vice president and oversaw US policy toward Ukraine for around 42 million.
Biden has said that the decision to work on this body at this point was a "mistake", but his father stood by him and said, "My son did nothing wrong," said Politico.
This piece was written by PoliZette staff on October 11th, 2020. It originally appeared in LifeZette and is used with permission.
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