Public opinion and media debates around Devon Archer—discover key moments of controversy.
Devon Archer is an American businessman and entrepreneur known for his involvement in venture capital and private equity. Notably, he co-founded and served on the board of BHR Partners, a Chinese investment firm, starting in 2013. His business dealings have attracted public attention.
In 2015, Devon Archer and his associates urged the Oglala Nation to issue $60 million of bonds and misused the funds, illegally transferring $20 million through his real estate company to satisfy capital requirements of Archer-controlled companies.
In 2015, career diplomat George P. Kent raised concerns about the perception of a conflict of interest due to Hunter Biden's and Devon Archer's directorship of Burisma, given Vice President Biden's official role working with Ukraine.
In 2018, Devon Archer was convicted of securities fraud by a federal jury in Manhattan.
In 2019, U.S. District Judge Ronnie Abrams overturned Devon Archer's securities fraud conviction and ordered a new trial.
In 2019, under the Trump administration, speculation arose that Joe Biden had engaged in corrupt activities related to Burisma.
In October 2020, the U.S. Court of Appeals for the Second Circuit ordered that Devon Archer be sentenced for the 2018 conviction of securities fraud and conspiracy, reversing the order for a new trial.
On February 28, 2022, Devon Archer was sentenced to a year and a day in prison for misuse of bond funds related to the Oglala Sioux tribe and ordered to pay restitution of over $43 million.
On July 31, 2023, Devon Archer provided over four hours of closed-door testimony to the U.S. House Oversight Committee, stating that Hunter Biden put his father on speakerphone about 20 times over 10 years while in the presence of business associates.
In 2023, the U.S. House Oversight Committee initiated an investigation to determine whether Joe Biden was involved in his son's business affairs and if the two men accepted bribes from Burisma owner Zlochevsky.
In late January 2024, Devon Archer's petition to appeal his conviction was rejected by the U.S. Supreme Court.
On May 15, 2024, Judge Abrams vacated Devon Archer's sentence and ordered re-sentencing due to a prosecutorial sentencing guidelines error.
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