Former Hunter Biden business partner Devon Archer loses appeal in federal fraud caseBy Miranda Devine and David Propper
June 7, 2023
An ex-business partner of Hunter Biden lost his appeal to have his conviction and sentence tossed Wednesday — and could next be headed to prison for his role in swindling a Native American tribe out of $60 million in bonds.
Devon Archer’s appeal was rejected by an appellate court, his lawyer confirmed to The Post in an email Wednesday.
Archer was previously sentenced by Manhattan Judge Ronnie Abrams in February 2022 to one year and one day in prison, noting the crime was “too serious” to let him skate by.
He was convicted by a jury of conspiracy to commit securities fraud and securities fraud after a trial in June 2018.
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 annuity.
* * *
Source:
https://nypost.com/2023/06/07/ex-hunter-biden-biz-partner-devon-archer-loses-appeal-in-federal-fraud-case/
