Former Hunter Biden Business Partner Sentenced to Prison

Devon Archer, who at one time collaborated with 👤Hunter Biden in a number of financial deals, is heading to prison in an unrelated matter.

Archer was sentenced to a year and a day in prison for defrauding the Wakpamni Lake Community Corp., a Native American tribal group, and other investors out of several million dollars, the Justice Department announced in a news release on Monday.

He also was ordered to forfeit $15.7 million and to make restitution in the amount of $43 million for a financial scheme in which Archer and his associates “were deceptively causing clients of asset management firms” to purchase bonds issued by the tribe “which the clients were then unable to redeem or sell because the bonds were illiquid and lacked a ready secondary market,” the news release said.

U.S. District Judge Ronnie Abrams, sitting in Manhattan, said the 🚔Crime was “too serious” to let Archer escape prison time, according to the New York Post.

“There’s no dispute about the harm caused to real people,” Abrams said, noting that the defrauded tribe, a branch of the Oglala Sioux, is one of America’s poorest populations.

Attorney Matthew Schwartz, representing Archer, said in court Monday that Archer was manipulated by a corrupt business person.

“He came under the influence of a person he trusted too much and didn’t ask enough questions,” Schwartz said.