House Republicans say Hunter Biden used dad’s role as VP to ‘discourage’ further SEC scrutiny in 2016 probe

FIRST ON FOX: House Republicans say Hunter Biden “gratuitously” used his father’s role as vice president in an effort to “discourage” further scrutiny in a 2016 U.S. Securities and Exchange Commission (SEC) investigation involving his business associates and their entities, Fox News Digital has learned. 

House Oversight Committee Chairman James Comer, R-Ky., and House Judiciary Committee Chairman Jim Jordan, R-Ohio, penned a letter to the chairman of the SEC as part of the ongoing impeachment inquiry against President Biden.

“In 2016, attorneys within the SEC’s Enforcement Division were investigating a tribal bond scheme in which several individuals were charged with violating federal securities laws. As part of this investigation, several of Robert Hunter Biden’s (Hunter Biden) business associates and inter-connected entities were implicated by the alleged conduct,” Comer and Jordan wrote. 

House Republicans say Hunter Biden ‘gratuitously’ used his father’s role as vice president in an effort to ‘discourage’ further scrutiny in a 2016 SEC investigation. (AP Photo/Matt Slocum)

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As part of the investigation, the SEC subpoenaed individuals and entities “for documents, communications, and testimony.”

At the time, the SEC subpoenaed Hunter Biden’s former business partner, Devon Archer and Rosemont Seneca Bohai — an entity utilized by both Archer and Hunter Biden. 

Comer and Jordan revealed that Hunter Biden was also subpoenaed as part of the investigation back in March 2016, while Joe Biden was serving as vice president. 

The subpoena for Hunter Biden compelled him to produce documents and communications regarding Rosemont Seneca Bohai. 

Comer and Jordan wrote that Rosemont Seneca Bohai “was directly implicated in the tribal bond scheme.” 

Citing the initial complaint, Comer and Jordan noted that in October 2014, Rosemont purchased “the entirety of the Second Tribal Bond Issuance” for $15 million. 

Archer, during his interview before the House Oversight Committee last year, testified that Hunter Biden, at the time, was “a corporate secretary” of Rosemont and that “they had a handshake 50-50 ownership.” 

Comer and Jordan also noted that last month the House Ways and Means Committee voted to release IRS documents that showed that Hunter Biden certified on a document that he was, in fact, the secretary of Rosemont Seneca Bohai. 

Devon Archer, a former business associate of Hunter Biden (Photo by Drew Angerer/Getty Images)

“According to Mr. Archer, ‘Rosemont Seneca Bohai was set up to hold the equity of BHR,’ which stands for Bohai Harvest Rosemont [Partners]. BHR was supposed to be a private equity fund based in China to engage in cross-border investments,” they wrote. “The RSB bank account was used to funnel other foreign payments and benefits to Hunter Biden, including money from Ukraine and a new sports car from an oligarch in Kazakhstan.” 

Comer and Jordan revealed that Hunter Biden was responsive to the subpoena back in 2016 and provided 1,749 responsive documents to the SEC as part of the investigation. 

But Comer and Jordan said that, “concerningly,” Hunter Biden’s attorney reminded in his response that his father was the sitting vice president. 

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“As a threshold matter, we request that you treat this matter with the highest degree of confidentiality, consistent with Commission policy and applicable law,” Hunter Biden’s attorney wrote on April 20, 2016. “The confidential nature of this investigation is very important to our client and it would be unfair, not just to our client, but also to his father, the Vice President of the United States, if his involvement in an SEC investigation and parallel criminal probe were to become the subject of any media attention.” 

Comer and Jordan said Hunter Biden’s response “gratuitously invoked his father’s position as the Vice President in what could be interpreted as an effort to discourage further SEC scrutiny.” 

Comer and Jordan also noted that on May 11, 2016, the SEC published its press release announcing the charging of seven individuals, with no mention or charging of Hunter Biden. 

His business associates Devon Archer and Jason Galanis, however, were charged. 

Jason Galanis worked with Hunter Biden’s partner Devon Archer before pleading guilty to fraud. (Facebook Profile)

Galanis pleaded guilty to securities fraud based on bonds issued by a company affiliated with a Native American tribe in South Dakota. The funds were reportedly supposed to be used for certain projects but were instead used for his personal finances. He was sentenced in 2017 to 14 years. House Republicans interviewed Galanis from his prison cell as part of the impeachment inquiry. 

Archer was also tied to the scheme and convicted in 2018 for defrauding the Native American tribal entity and various investment advisory clients of tens of millions of dollars in connection with the issuance of bonds by the tribal entity and the subsequent sale of those bonds through fraudulent and deceptive means. Archer was sentenced to a year and a day in prison. 

As part of the ongoing impeachment inquiry, Comer and Jordan are demanding all documents and communications between the SEC and the White House, including the Office of the Vice President and all documents provided by Rosemont Seneca, Archer, and Hunter Biden in the SEC investigation.  

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They also are demanding the SEC’s “justification for seeking documents from Hunter Biden” in the matter; all internal documents and communications regarding Hunter Biden’s response; and any internal ethics opinions rendered by the SEC regarding Hunter Biden or then-Vice President Biden. 

From left, Chairman James Comer, R-Ky., Reps. Jason Smith, R-Mo., and Jim Jordan, R-Ohio, in Rayburn Building on Wednesday, March 20, 2024. (Getty Images)

Comer and Jordan are also asking the SEC to make Tejal D. Shah, a former staff attorney who led the investigation who now serves as a principal advisor, appear for questioning by the committees in the form of a transcribed interview. 

“In short, the records sought by this request are critical to the impeachment inquiry,” they wrote. 

The requests come after the Comer, Jordan and House Ways and Means Committee Chairman Jason Smith, earlier this month, sent criminal referrals to the Justice Department recommending Hunter Biden and James Biden be charged with making false statements to Congress about “key aspects” of the impeachment inquiry. 

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One of the false statements allegedly made by Hunter Biden was regarding his role at Rosemont Seneca Bohai, LLC as corporate secretary. 

House Republicans allege that during his deposition before Congress earlier this year, Hunter Biden made false statements about holding a position at Rosemont Seneca Bohai. The committees describe the entity as one which was used to receive millions of dollars from foreign individuals and entities who met with then-Vice President Biden before and after transmitting money to the RSB account that then transferred funds to Hunter Biden. 

House Republicans are continuing their impeachment inquiry against the president. They are investigating his role and knowledge of his family’s international influence-peddling schemes that they say generated more than $18 million for Biden family members and their companies, and more than $27 million, when including the payments to their business associates, who they say were often used to transfer funds to Biden family members.