The U.S. Securities and Exchange Commission in 2016 declined to charge Hunter Biden alongside his business partners in a tribal bond scheme after he invoked his father’s position as Vice President of the U.S.
The House Oversight and Judiciary Committees are demanding answers from SEC Chair Gary Gensler after discovering that the agency tasked with investigating market manipulation left Hunter out of a sweeping indictment that befell his business partners shortly after he name-dropped his dad.
Hunter’s longtime associates including Devon Archer and Jason Galanais were indicted by the federal government in 2016 for violating several federal securities laws when they defrauded investors “in sham Native American tribal bonds.”
The vice president’s son was among several of the Biden family business associates and entities subpoenaed by the SEC in March 2016 to hand over relevant evidence about the scheme, specifically “concerning Rosemont Seneca Bohai, LLC,” by the end of the month.
When the time came for Hunter to hand over key documents and communications to the SEC, he delayed. Nearly one month after the subpoena deadline on April 20, 2016, Hunter’s lawyers responded to the SEC, begging the agency to “treat this matter with the highest degree of confidentiality, consistent with Commission policy and applicable law.”
“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
