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Fox News obtains Devon Archer transcript: ‘brand of Joe Biden’ ‘sent the right signals’

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Fox News Digital obtained the transcribed interview of Hunter Biden’s former business partner, Devon Archer, with the House Oversight Committee. Conducted on Monday behind closed doors, the approximately four hour interview about Hunter Biden’s business dealings led to a more than 140-page transcript of Archer’s interview.

Archer told congressional investigators that Hunter Biden used then-Vice President Joe Biden as “defensive leverage” to send “the right signals” to his foreign business partners, while selling him as “the brand” that offered “capabilities and reach,” as well as a “unique understanding of D.C.”

Archer told investigators that Hunter Biden used his “very powerful name” to “add value” in pitching and securing foreign business ventures.

Archer said Hunter Biden “would not be so overt,” or “overtly” say “we’re going to use my dad for this,” but instead, Archer said that he would use the name to “get leverage.”

“Defensive leverage that the value is there in his work,” Archer said.

“The value that Hunter Biden brought to it was having — you know, there was — the theoretical was corporate governance, but obviously, given the brand, that was a large part of the value,” he continued. “I don’t think it was the sole value, but I do think that was a key component of the value.”

When asked if Archer and Hunter Biden would tell business partners they had “unique access” because of Vice President Biden, Archer said: “Yes, we would say we had unique understanding of D.C. and how it operates and how that, you know, could positively reflect on the terms of our business.”

Archer served on the board of Ukrainian natural gas firm Burisma Holdings alongside Hunter Biden beginning in 2014 and received $83,000 a month for his work.

Referring to Burisma, Archer told investigators that Hunter Biden used the “brand” of Joe Biden for having “doors opened,” which “sent the right signals” for Burisma to “carry on its business and be successful.”

“My only thought is that I think Burisma would have gone out of business if it didn’t have the brand attached to it,” Archer said.

When pressed, Archer clarified that he believed Burisma was “able to survive” for as long as it did “just because of the brand.”

“Because people would be intimidated to mess with them,” Archer explained.

“In what way?” Archer was asked.

“Legally.”

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Immigration

DOJ federal indictment connects Sinaloa Cartel and Chinese ‘underground banking’

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The Justice Department (DOJ) announced a huge connection between Chinese organized crime and the Sinaloa drug cartel. In a press release the DOJ reported a 10-count superseding indictment charging Los Angeles-based associates of Mexico’s Sinaloa drug cartel with conspiring with money-laundering groups linked to Chinese underground banking to launder drug trafficking proceeds. During the conspiracy, more than $50 million in drug proceeds flowed between the Sinaloa Cartel associates and Chinese underground money exchanges.”

The indictment was the result of a multi-year investigation into the conspiracy—dubbed “Operation Fortune Runner”— unsealed on Monday charging a total of 24 defendants with one count of conspiracy to aid and abet the distribution of cocaine and methamphetamine, one count of conspiracy to launder monetary instruments, and one count of conspiracy to operate an unlicensed money transmitting business, according to the press release.

“Dangerous drugs like fentanyl and methamphetamine are destroying people’s lives but drug traffickers only care about their profits,” said United States Attorney Martin Estrada. “To protect our community, therefore, it is essential that we go after the sophisticated, international criminal syndicates that launder the drug money. As this indictment and our international actions show, we will be dogged in our pursuit of all those who facilitate destruction in our country and make sure they are held accountable for their actions.”

“Drug traffickers generate immense amounts of cash through their illicit operations. This case is a prime example of Chinese money launderers working hand in hand with drug traffickers to try to legitimize profits generated by drug activities,” said Chief Guy Ficco of IRS Criminal Investigation. “We have made it a priority to identify, disrupt, and dismantle any money launderers working with drug cartels and we are committed to our partnerships with federal, state, and local law enforcement agencies to combat drug cartels and those who assist them in laundering drug proceeds.”

The Justice.Gov website explains of the indictment: “Following close coordination with the Justice Department, Chinese and Mexican law enforcement informed United States authorities that those countries recently arrested fugitives named in the superseding indictment who fled the United States after they were initially charged last year.”

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