When his father was vice president, Hunter Biden and his business partners reportedly received millions of dollars from foreign oligarchs and sources, according to a new bank memo made public by the House Oversight and Accountability Committee.
The letter demonstrates how Devon Archer and Hunter Biden utilized their investment firm Rosemont Seneca Partners, along with its affiliated businesses and bank accounts, to transfer money they would get from foreign oligarchs through various accounts.
Rosemont Seneca Partners is where they received the money from oligarchs abroad. Rosemont Seneca Partners’ chairman at the time was Hunter Biden.
The document was made public a little more than a week after Archer spoke with Oversight Committee employees last Monday for a transcripted interview.
It confirms that Yelena Baturina, a Russian billionaire and former first lady of Moscow, gave Hunter Biden and Archer millions in 2014 and that Kenes Rakishev, a Kazakhstani oligarch with close ties to the nation’s then-prime minister, appeared to buy Hunter Biden a $140,000 car.
The document claims that on February 14, 2014, Baturina sent $3.5 million to Rosemont Seneca Thornton, a business connected to Biden and Archer.
Archer and Rosemont Seneca Partners were identified as beneficiaries on the bank account.
A little over a month later, Rosemont Seneca Thornton sent $750,000 to Archer and $2.7 million to Rosemont Seneca Bohai, another business owned by Archer and Biden.
When Rakishev, the Kazakhstani magnate, purported to buy a vehicle for Hunter Biden, money was wired using a similar procedure.