Biden Associate James Galanis: Hunter's Value 'Was His Family Name and His Access to' VP Joe Biden
Rebecca Downs
The House Oversight Committee heard jailhouse testimony from Hunter Biden business associate Jason Galanis on Friday as part of the impeachment inquiry into President Joe Biden, with Townhall obtaining a copy of his opening statement. That statement contained many stunning revelations, including as it pertains to the influence of the Biden family name, but also how the Department of Justice (DOJ) under the Biden administration has been weaponized.
Early in his testimony, Galanis was clear that he believes the value Hunter brought to their business dealings was his name name. "The entire value-add of Hunter Biden to our business was his family name and his access to his father, Vice President Joe Biden. Because of this access, I agreed to contribute equity ownership to them – Hunter and Devon [Archer] – for no out-of-pocket cost from them in exchange for their 'relationship capital,'" Galanis said, speaking about a fellow business partner.
This was not the first red flag Galanis mentioned, as he said he had been advised by his business partner "to stay away from Hunter," though he still "agreed to become equity partners with Hunter and Devon in building the Burnham group," with Hunter serving as vice chairman.
Galanis shared that he worked with Hunter and Archer from 2012-2015, during which time they acquired Burnham & Co, described as "the $1.5 surviving division of Drexel Burnham Lambert," as he also added that "combining that with other businesses in insurance and wealth management we owned and acquired with total audited assets of over $17 billion." Galanis said their goal "was to make billions, not millions."
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https://townhall.com/tipsheet/rebeccadowns/2024/02/24/james-galanis-opening-statement-n2635672
