Devon Archer just testified about Hunter Biden’s business activities and behavior while Biden was Vice President and, during his testimony, partially corroborated what an IRS whistleblower claimed about Hunter Biden and how he dodged paying taxes on at least some of the money he got from Burisma, the Ukrainian energy company.
As background, the whistleblower claimed, “So [Hunter Biden] sets this out in this email and what ends up happening is — so imagine this. If you are an owner of a company and your friend tells you that, I want to pay my wages to your company and you’re going to loan the money back to me, that’s essentially what happened here. He took loans from that corporation — which were distributions. And he didn’t pay taxes on those loans.”
Continuing, the whistleblower added, “So essentially for 2014, we had found that Hunter didn’t report any of the money he earned from Burisma. So the reason why this is important is because Hunter set it up this way, to not — to essentially earn the money through his friend’s corporation and then have his friend pay him back half of the money as loans, quote, unquote, loans.”
Emphasizing the point, the whistleblower said, “None of it was taxed. … So none of this has been paid or prosecuted. And I would also like to note that the statute has run out on these tax years or on the 2014 tax year.”
Well, when Devon Archer, the former Hunter Biden business partner, testified to House investigators, he partially corroborated the claim that Hunter dodged taxes on his Burisma money. According to Archer, the money Hunter received from Burisma for his position on the board was sent to a Chinese state-backed investment fund called Bohai Harvest Rosemont, the purpose of which was to be an investment fund.
Archer, describing the purpose of BHR, said, “Rosemont Seneca Bohai was set up to hold the equity of BHR, which is Bohai Harvest Rosemont Partners or some — Equity Partners, I believe, which was a — which was a private equity fund that was started between Harvest, which is like the — I would say like the Fidelity of China. Bohai Sea Industrial Fund, which is a — which was like a government-owned private equity fund that wanted to go private. So basically, the three letters of the acronym, Bohai Harvest Rosemont. This was just set up to essentially own that equity and operate the, you know, what we thought was going to be a successful fund, which it ended up not being. That was — that was the reason for it.”
That is important because, according to Devon Archer, the fund received Hunter’s money from Burisma, which is what the whistleblower alleged. Archer admitted that in the testimony, saying, “Yes” when asked by the investigator if, “In addition to what you just described, was the RSB account also used to receive money from Burisma?”
Further, Archer replied with “Correct” when asked, “And looking at the tab there, do you see a payment for approximately $83,000?”
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