House Oversight Committee subpoenas former Hunter Biden biz partner Devon Archer
House Oversight Committee Chairman James Comer on Monday issued a subpoena to former Hunter Biden business partner Devon Archer, demanding testimony related to the panel’s probe into the Biden family’s overseas business schemes.
The subpoena compels Archer to testify before the Oversight Committee Friday morning on Capitol Hill.
A source familiar told The Post Monday that Comer (R-Ky.) has also issued subpoenas to two banks for Archer’s financial records and those of Elena Baturina and Rosemont Seneca Thornton.
Rosemont Seneca Thornton, a company linked to Archer and first son Hunter Biden, reportedly received a $3.5 million wire transfer from Baturina, Russia’s richest woman and the widow of Moscow’s famously corrupt former mayor Yury Luzhkov, in 2014.
“Both information that the Committee has reviewed and public reporting indicates that Mr. Archer played a significant role in the Biden family’s business deals abroad, including but not limited to China, Russia, and Ukraine,” Comer writes in a letter informing Archer’s attorney Matthew Schwartz that his client has been subpoenaed.
Devon Archer, 48, was sentenced in February of last year to one year and one day in prison for his role in a scheme to defraud a Native American tribe. Alec Tabak
“Additionally, while undertaking these ventures with the Biden family, your client met with then-Vice President Biden on multiple occasions, including in the White House. Mr. Archer’s testimony is critical to the Committee’s investigation,” Comer wrote.
“Mr. Archer was Hunter Biden’s business partner in a number of transactions involving foreign nationals and foreign companies. Mr. Archer is associated with corporate entities that the Committee has identified and the Biden family’s role in each of them. Furthermore, he has significant information regarding the purpose of these companies and knowledge of relevant documents related to the Committee’s investigation,” Comer adds.
Archer, 48, was convicted and sentenced in February of last year to one year and one day in prison for his role in a scheme to defraud a Native American tribe of some $60 million in bonds.
His appeal was rejected by an appellate court last week.
Archer was convicted by a jury of conspiracy to commit securities fraud and securities fraud after a trial in June 2018.
Comer is demanding Archer’s testimony this week before the House Oversight Committee. FOX News/Tucker Carlson Tonight
Federal prosecutors argued Archer and his two co-defendants bought more than $60 million in bonds from the Oglala Sioux, but didn’t use them for an annuity.
The three individuals instead used the bonds to “build a financial services mega-company,” according to prosecutors.
Archer’s attorney did not immediately respond to The Post’s request for comment.
First son Hunter Biden, who was vice chairman of the financial services company and cleared up to $200,000, was not charged in connection with the scheme.
Archer alleged he lost $10 million when the venture collapsed.
Archer also served with Hunter Biden on the board of Burisma Holdings, a Ukraine-based energy company. Alec Tabak
“Archer became a key player in the scheme, anticipating that, when the scheme succeeded, he would helm the resulting conglomerate and, ultimately, reap massive profits from its sale,” prosecutors argued last year.
Archer also served with Hunter Biden on the board of Burisma Holdings, a Ukraine-based energy company.
In a sentencing memo filed last year, his attorney argued that Archer provided “real value” to Burisma during his time on the board, before his resignation after his 2016 arrest in the case.
Source: New York Post
