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Not only is Archer cooperating with Congress, but he is also serving as a witness in an unrelated Vermont prosecution involving a disturbing murder-for-hire scheme. The Justice Department has charged Serhat Gumrukcu of Los Angeles and Berk Eratay of Las Vegas with wire fraud in connection to the plot, which involved the kidnapping and murder of Gregory Davis in January 2018. Archer, who was reportedly a victim of one defendant’s fraud scheme, is cooperating with investigators in this case. His lawyer clarified to the judge that Archer is “in no way involved in the alleged criminal conduct in that case.”
Archer’s testimony before Congress has been instrumental in the House Oversight Committee’s investigation into President Joe Biden. His revelations have provided key insights into the committee’s efforts to probe alleged corruption involving the Biden family. Archer’s 2018 conviction for securities fraud stemmed from his involvement in a tribal bond scheme, which was connected to several of Hunter Biden’s associates. Although Hunter Biden was never directly implicated in the fraud, the case has remained a significant point of interest in the broader investigation into the Biden family’s financial dealings.
Jason Galanis, another defendant in the securities fraud case, later testified before the House Oversight Committee, revealing that the scheme he and Archer orchestrated was intended to raise funds for a hedge fund that involved Hunter Biden. The plan was to have Joe Biden join the firm after his vice presidency, although this never came to fruition. Evidence suggests that Hunter Biden had close ties to Burnham Asset Management, the firm at the heart of the fraud scheme.
In February 2022, Archer was sentenced to one year and one day in prison for his role in the securities fraud case. However, his legal team successfully appealed the sentence, arguing that incorrect guidelines were used in the original sentencing and that his lawyer had failed to effectively challenge this error. The federal judge upheld the appeal in May, leading to an order for resentencing.
Despite his legal troubles, Archer remains an active participant in the ongoing congressional investigations. His lawyer has confirmed that Archer continues to provide documents to both the House Oversight and Judiciary Committees and is actively responding to their inquiries. Additionally, Archer is expected to testify in open hearings before the House committees in the coming weeks, although a specific date has yet to be set.
Archer’s testimony has already provided critical insights into how Hunter Biden allegedly used his father’s influence as vice president to secure lucrative deals with foreign oligarchs and businesses. In one particularly revealing moment during a July 2023 interview with the Oversight Committee, Archer described Joe Biden’s role in bolstering a family “brand” that attracted foreign clients seeking influence in Washington. Archer recounted how the elder Biden would sometimes attend dinners or engage in phone conversations with clients from countries such as China, Russia, Ukraine, and Kazakhstan.
Carry 46 rounds concealed? (comfortably)
As the investigations continue, Archer’s role as a key witness in multiple high-profile cases underscores the complex and multifaceted nature of the allegations against the Biden family. Whether these developments will have any impact on President Joe Biden’s decision not to seek reelection remains to be seen, but Archer’s cooperation with authorities will undoubtedly remain a critical element in the unfolding saga.
