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Hunter Biden’s now infamous Porsche one of many perks from shady business deals, Devon Archer testified

August 3, 2023 | | Print Article

Hunter Biden’s ex-business partner Devon Archer reportedly testified to Congress this week that then-Vice President Joe Biden’s “intimidating” influence played a key role in Hunter “earning” huge quantities of cash and gifts from Burisma.

Specifically, he said that Burisma invited Hunter onto its board in the first place so that “people would be intimidated to mess with them … legally.”

“I think Burisma would have gone out of business if it didn’t have the brand attached to it. That’s my, like, only honest opinion,” he said, according to a transcript of Archer’s remarks released publicly on Thursday.

By brand, he meant the Biden name.

As previously reported, Archer sat with Hunter on Burisma’s board starting in 2014. The pair also launched the investment advisory firm Rosemont Seneca Partners together.

During the closed-door Monday hearing, Archer also revealed that Hunter had put his father on the speakerphone 20 times during business meetings to highlight the “value” he was bringing to the company.

Similarly, Archer revealed that then-Vice President Biden had met with Hunter’s business partners at DC’S Cafe Milano at least twice. One meeting in the spring of 2014 was reportedly attended by Russian billionaire Yelena Baturina and Kazakhstani businessman Kenes Rakishev.

Interestingly, following the meeting, Baturina wired $3.5 million to Rosemont Seneca, whereas Rakishev wired $142,300. Why? Archer tried to explain the $3.5 million.

“We’re really not sure why that 3.5 went to RST. Inteco [Baturina’s company] invested close to $120 million with us in Rosemont Realty. So, you know, on that particular wire, there was some commission element,”  he said.

“There was a — two warehouses in Brooklyn. I don’t know what the specifics of the wire were, but it was — quite frankly, it was not supposed to go there, but that’s where it went. And RST was set up to be the equity shareholder of BHR. So Rosemont Seneca Bohai ends up being the shareholder of BHR,” he added.

What’s also known is that Rakishev’s money was handed over in the form of a Porsche — one that Hunter later snapped a photo of himself driving at 172mph down a highway outside Las Vegas.

“I don’t remember the conversation. I just remember that he was — he came to dinner, and we ate and kind of talked about the world, I guess, and the weather, and then everybody — everybody left,” Archer said of the first dinner.

“As far as — I know you’re probably going to ask, you know, how much time. I don’t — it wasn’t five minutes; it wasn’t three hours,” he added.

During the second Cafe Milano dinner, Hunter and the then-VP met with Burisma executive Vadym Pozharskyi, Massimov, a Greek Orthodox priest, and “maybe someone from [the] World Food Program,” according to Archer.

While testifying, he was asked by Rep. Dan Goldman, a Democrat, whether the dinner went  exactly as The Washington Post had characterized it in a report.

“The Washington Post reporting was that President Biden only spoke to his longtime friend, Father Alex Karloutsos, a prominent member of the Greek Orthodox Church, at that dinner. Does that coincide with your memory?” he asked.

“No. That’s not correct reporting,” Archer replied.

During another dinner — this one with just Hunter and his Burisma colleagues — the junior Biden said he’d try to get “help from D.C.” in order to relieve some “government pressure” on the company.

“The request was I think they were getting pressure and they requested Hunter, you know, help them with some of that pressure,” Archer said.

When asked to specify what sort of pressure, he replied, “Government — government pressure on their, you know, government pressure from Ukrainian government investigations into Mykola, etc.

He likely meant Mykola Zlochevsky, one of the co-founders of Burisma. He was being investigated at the time by top Ukrainian prosecutor Viktor Shokin.

“There was constant pressure. And it was like … it was like whack a mole in regards to the pressures that had to resolve,” Archer said.

He further suggested that the purpose of asking for “help from D.C.” was to get help from then-Vice President Biden without explicitly naming the “big guy.”

“Well, I mean, he was a lobbyist and an expert and obviously he carried, you know, a very powerful name. So I think it was that’s what they were asking for,” Archer said.

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Vivek Saxena
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