A federal appeals court has reportedly reinstated the convictions of a former business associate of Hunter Biden’s on securities fraud and conspiracy charges.

Biden’s Former Associate In Legal Trouble

Devon Archer, who had previously worked with Biden and served with him on the board of the Ukrainian natural gas firm Burisma, was convicted along with two others by a federal jury in Manhattan back in 2018.

However, a judge would go on to overturn the conviction against Archer before ordering he be given a new trial, claiming that there was not enough evidence to prove that he knew about a devious fraud scheme.

This scheme was related to the sale of $60 million in bonds issued to a corporation affiliated with the Oglala Sioux Indian tribe, according to the Wall Street Journal.

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Court Of Appeals Gives Archer Bad News

A three-judge panel of the US Court of Appeals for the Second Circuit ruled on Wednesday that Archer “knew at least the general nature and extent of the scheme and intended to bring about its success.”

Prosecutors accused Archer of misusing the proceeds, but his attorneys have countered by arguing that he actually lost money in the deal.

“As the experienced federal judge who presided over Mr. Archer’s month-long trial determined, he ‘lacked the requisite intent’ and is thus innocent of the crimes charged,” said Matthew Schwartz, Archer’s lawyer.

“Today’s ruling, which second-guesses the judge’s decision without having sat through the evidence and listened to the witnesses, is beyond disappointing,” he added.

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Biden Denies Knowing Anything About Scheme

Biden’s name was used throughout the fraud scheme to make it look more legitimate. However, his lawyers have claimed that he was unaware of it and was not involved in it in any way. Biden’s legal team would not respond when asked for comment by the Wall Street Journal last week.

Archer and Biden served together on the board of Burisma starting in 2014. At the time, Biden’s father Joe Biden was Vice President and was overseeing U.S. policy on Ukraine of roughly 42 million.

Biden has said that choosing to serve on this board at that time was a “mistake,” yet his father has stood by him, saying “my son did nothing wrong,” Politico reported.

This piece was written by PoliZette Staff on October 11, 2020. It originally appeared in LifeZette and is used by permission.

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