New documents show that in 2016, Hunter Biden used his father’s high-profile position to shield himself from potential charges in a federal securities investigation. The case dates back to March 2016, when the U.S. Securities and Exchange Commission (SEC) was delving into a tribal bond scheme. Hunter’s business connections were pulled into the spotlight as part of a sprawling investigation.
Documents and communications were subpoenaed from various entities linked to Biden, including his then-business partner Devon Archer and their joint entity, Rosemont Seneca Bohai (RSB). According to the Committee on Oversight, RSB was directly implicated in the scheme and a conduit for significant amounts of money from foreign entities and individuals—some of whom had meetings with Joe Biden during his vice presidency before and after making substantial deposits into the RSB account. These funds eventually made their way to Hunter.
The investigation intensified in March 2016, when Hunter himself was subpoenaed by the SEC. Required to produce a broad range of documents related to RSB, the stakes were high. However, in his response to the SEC in April 2016, Hunter’s legal team requested the matter be treated with the utmost confidentiality. They argued that public knowledge of the investigation would be unfair not only to Hunter but also to his father, then the Vice President of the United States.
Their letter stated, “The confidential nature of this investigation is very important to our client and it would be unfair, not just to our client, but also to his father, the Vice President of the United States, if his involvement in an SEC investigation and parallel criminal probe were to become the subject of any media attention.”
HUNTER PLAYED THE DAD CARD IN SEC INVESTIGATION
In 2016, Hunter Biden was subpoenaed by the U.S. Securities and Exchange Commission for information in its investigation of a tribal bond scheme in which several individuals were charged with violating federal securities… pic.twitter.com/nSVyLECF64
— Oversight Committee (@GOPoversight) June 18, 2024
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Their plea for secrecy, while perhaps not unusual in legal defenses, stood out due to its explicit mention of Joe Biden’s political stature as a protective shield against public scrutiny. Despite the SEC’s ongoing investigation and the gravity of the allegations, Hunter was not charged. In May 2016, the SEC announced the charging of seven other individuals involved in the case, with no mention of Hunter.
Fast forward to today, as part of an impeachment inquiry against President Biden, House Committee on Oversight and Accountability Chairman James Comer (R-KY) and House Committee on the Judiciary Chairman Jim Jordan (R-OH) are pressing the SEC for more details about its handling of the investigation, particularly any influence Hunter’s status as the VP’s son might have had on the proceedings.
Hunter has had his fair share of trouble as late.
Earlier this month, Chairmen Comer, Jordan, and Jason Smith (R-MO) referred Hunter to the Justice Department for making false statements about his role at RSB during his deposition, further entangling his father in allegations of corruption. On June 11, a jury found Hunter guilty on three felony counts of purchasing a firearm while an active drug user, setting up for potential prison time with less than five months before Election Day.
The ongoing saga, laden with accusations of influence peddling and conflicts of interest, continues to cast a long shadow over the Biden presidency.
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