The FBI learned as far back as 2016 that Hunter Biden and his partners had plotted to set up a new venture in tax-friendly Liechtenstein that would be capitalized by a whopping $120 million investment from the controversial owner of the Ukrainian energy firm Burisma Holdings, according to documents obtained by Just the News that have been kept from the American public for eight years.
The mega-deal was not referenced inside Hunter Biden’s now infamous laptop or during the 2019 impeachment proceedings involving Ukraine, but was instead chronicled in a trove of 3.39 million documents the FBI seized from Hunter Biden and his business partners during an investigation of securities fraud nearly a decade ago.
Devon Archer is reportedly in talks to speak about Joe and Hunter Biden’s alleged $10 million bribes. (Credit: Alec Tabak/New York Post)
The cache of documents was recently turned over by former Hunter Biden business partner Devon Archer to the House Oversight Committee as part of its impeachment inquiry into President Joe Biden’s conduct.
The new evidence shows the major investment plan was being built at the time when Hunter Biden was serving on Burisma’s board of directors and Joe Biden was still serving as Barack Obama’s vice president in charge of U.S.-Ukraine policy.
The memos state Hunter Biden was also supposed to serve on the board of the new company called Burnham Energy Security LLC, and it was going to be capitalized in 2015 by Burisma owner Nykola Zlochevsky, who at a time was trying to get out from under corruption allegations in his home country.
The Hunter Biden-connected Burnham entity was slated to get a quarter of the new venture’s net revenues without putting up any cash, according to recent testimony to Congress from one of the partners.
Zlochevsky, the Ukrainian oligarch, meanwhile was committed to “$120 Million over thirty-six (36) months to be invested in exploration and leasehold improvements” in the new venture designed to make Burisma a global energy leader, according to a prospectus for the project.
Hunter Biden’s attorney, Abbe Lowell, did not respond to a request for comment from Just the News.
Hunter Biden’s “credibility” for venture
Zlochevsky’s top lieutenant, Vadym Pozharskyi, wrote in an August 2015 email that it was important to his boss for Hunter Biden to be involved with Burnham Energy.
“You mentioned to me that it’s also you and HB [Hunter Biden] who will be the founders of the Llc in Delaware. Cliff mentioned only yourself,” Pozharskyi wrote Archer in August 2015 in one email obtained by Just the News. “For credibility ‘Ukrainian’ purposes you both would be better.”
It is unclear exactly what Pozharskyi meant by “credibility,” but Just the News previously reported that Burisma saw Hunter Biden’s involvement on its board as a form of protection, especially from pressure by its own government, according to Archer’s testimony for the House impeachment inquiry.
Another partner, Jason Galanis, testified to Congress that he believed Archer and Biden were placed on the board to protect the company from Ukrainian investigations and prosecutions. (Read more: Just the News, 6/17/2024) (Archive)