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BREAKING: New Witness Comes Forward With Shocking Allegations Against Joe Biden
By Chris Powell February 23, 2024Updated: February 24, 2024
Link: https://trendingpoliticsnews.com/ju...ons-against-joe-biden-mace/?utm_source=sheri/
Joe Biden was reportedly contemplating a position on the board of a partnership established by Hunter Biden and his associates, who have connections to the Chinese Communist Party, following his tenure as vice president.
According to testimony from a former business partner of Hunter Biden, given from prison, Joe Biden’s participation would offer “political access in the United States and globally.”
Fox News exclusively acquired the opening statement of Jason Galanis, made to congressional investigators from an Alabama prison on Friday morning, as part of the impeachment inquiry into President Biden. Galanis stated he worked with Devon Archer and Hunter Biden between 2012 and 2015.
Their business together, according to Galanis, included the acquisition of “Burnham & Co, a division of Drexel Burnham Lambert,” combined with “other businesses in insurance and wealth management.” Galanis testified the three “owned and acquired with total audited assets of over $17 billion.”
Archer is an American businessman and entrepreneur known for his investments in venture capital and private equity funds. He was a founding board member of BHR Partners, a Chinese investment company, in 2013. From April 2014 to October 2019, Archer, alongside his business partner Hunter Biden, served on the board of Burisma Holdings, one of Ukraine’s largest private natural gas producers
Galanis said, “Our goal — that is, Hunter Biden, Devon Archer and me — was to make billions, not millions.” He explained “the entire value-add of Hunter Biden to our business was his family name and his access to his father, Vice President Joe Biden.”
Galanis is currently serving a 14-year sentence in prison, having admitted to securities fraud related to bonds issued by a company connected to a Native American tribe in South Dakota. “Our objective was to build a diversified private equity platform, which would be anchored by a globally known Wall Street brand together with a globally known political name,” he testified.
“Because of this access, I agreed to contribute equity ownership to them — Hunter and Devon — without any out-of-pocket cost from them, in exchange for their ‘relationship capital.’”
Galanis testified that in 2014, he had an agreement with Hunter and Devon saying the Burnham & Company enterprise would be significantly enhanced by forming a partnership with Harvest Fund Management, a $300 billion Chinese financial services company closely connected to the Chinese Communist Party. He noted that Harvest had already consented to be a founding partner of BHR Partners at that time, and said Joe Biden was slated to join the board after Obama’s administration wrapped up.
“Mr. Zhao was interested in this partnership because of the game-changing value-add of the Biden family, including Joe Biden, who was to be a member of the Burnham-Harvest team post-vice presidency, providing political access in the United States and around the world,” Galanis testified.
Galanis has been involved in multiple high-profile legal cases related to securities fraud, resulting in significant prison sentences and financial penalties. He was sentenced to 189 months in prison in September 2020 for his participation in fraudulent schemes including the manipulation of the market for Gerova Financial Group, Ltd., a company listed on the New York Stock Exchange, and defrauding its shareholders.
Additionally, in August 2017, Galanis was sentenced to 173 months for defrauding a Native American tribal entity and numerous pension fund investors of tens of millions of dollars in connection with the issuance of bonds by the tribal entity, a case known as the “Tribal Bond Scheme.”
Furthermore, the SEC settled actions against Galanis and others involved in these schemes, resulting in various penalties, including imprisonment, restitution, and permanent injunctions for violating securities laws. Galanis and his associates were found to have collectively realized approximately $20 million in illicit profits from these schemes.