{"id":1406512,"date":"2022-03-29T07:44:39","date_gmt":"2022-03-29T11:44:39","guid":{"rendered":"http:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1406512"},"modified":"2022-03-29T07:45:57","modified_gmt":"2022-03-29T11:45:57","slug":"miranda-devine-bidens-silent-as-sons-former-friend-and-business-partner-faces-jail-financial-ruin","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/miranda-devine-bidens-silent-as-sons-former-friend-and-business-partner-faces-jail-financial-ruin\/","title":{"rendered":"Miranda Devine: Biden\u2019s Silent as Son\u2019s Former Friend and Business Partner Faces Jail, Financial Ruin"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmiranda-devine-bidens-silent-as-sons-former-friend-and-business-partner-faces-jail-financial-ruin%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1406512&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n\t\t\t\t\t<\/div>\n<\/div>\n<\/aside>\n<p>Hunter Biden\u2019s former best friend, <a href=\"https:\/\/nypost.com\/2022\/02\/28\/only-hope-for-hunter-bidens-best-friend-now-is-a-presidential-pardon\/\">Devon Archer<\/a>, has been betrayed and abandoned by the Biden family \u2014 and who could blame him for feeling aggrieved?<\/p>\n<p>The president\u2019s son, who once told Archer he was \u201cpart of a great family \u2014 not a sideshow, not deserted by them even in your darkest moments,\u201d won\u2019t return calls to his former business partner.<\/p>\n<p>Now, barring a last-ditch appeal by his lawyer, Archer has less than five weeks left before he has to go to jail to serve a one-year, one-month sentence over a fraud he says he had no knowledge his then-partners were committing, and which cost him his life\u2019s savings.<\/p>\n<p>Friends who attended the sentencing in Manhattan last month say that the father of three has mentally prepared himself for prison, and that his hopes for a presidential pardon have faded.<\/p>\n<p>Prosecutors from the Southern District of New York two weeks ago rejected Archer\u2019s arguments to postpone prison time and the forfeiture of his assets, warning that if his sentencing appeal is successful, \u201che might well receive a higher sentence.\u201d<\/p>\n<p>If his appeal fails, the only way he could avoid jail would be if he filed a Rule 35(b) federal motion to ask the court for leniency and a reduced sentence if they find Archer has provided \u201csubstantial assistance in investigating or prosecuting another person,\u201d says a former prosecutor from the Southern District of New York. For instance, if he \u201cflipped\u201d on the Bidens.<\/p>\n<p>Archer already has shown a <a href=\"https:\/\/nypost.com\/2022\/01\/31\/hunter-bidens-former-biz-partners-cooperated-completely-with-feds-in-tax-probe-lawyer\/\">willingness to cooperate<\/a> with authorities. He testified last summer to the Delaware grand jury investigating <a href=\"https:\/\/nypost.com\/tag\/hunter-biden\/\">Hunter Biden <\/a>over <a href=\"https:\/\/nypost.com\/2021\/04\/05\/hunter-biden-says-he-is-not-working-on-plea-deal-in-tax-probe\/\">tax evasion<\/a>, money laundering and violations of the Foreign Agents Registration Act, allegations unrelated to Archer\u2019s fraud conviction.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3708.jpg?quality=90&#038;strip=all\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3708.jpg?quality=90&#038;strip=all&#038;w=1024\" alt=\"Devon Archer\" class=\"wp-image-21681610\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3708.jpg?quality=90&#038;strip=all&#038;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3708.jpg?quality=90&#038;strip=all&#038;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3708.jpg?quality=90&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3708.jpg?quality=90&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Devon Archer arriving at the Thurgood Marshall Courthouse on February 28, 2022.<\/figcaption><figcaption><span class=\"credit\">Alec Tabak<\/span><\/figcaption><\/figure>\n<p>A source involved in the legal proceedings says the focus of the Delaware US attorney\u2019s investigation is not just on Hunter but equally on Democratic lobbying firm Blue Star Strategies and potential FARA violations in their work for the Ukrainian energy firm Burisma that paid Hunter and Archer $1 million a year each.<\/p>\n<p>\u201cAlthough I know in my heart that I am innocent of the charges levied against me, I respect the process,\u201d Archer said when he threw himself at the mercy of the court in a Feb. 14 letter to Manhattan Judge Ronnie Abrams that was obtained by The Post.<\/p>\n<p>Judge Abrams, who sentenced him to jail last month, ordered he forfeit $15 million and pay his share of $43 million restitution, has said she thought Archer was \u201cinnocent,\u201d \u201clacked the requisite intent\u201d and lost money on the $60\u2009million fraud cooked up by his co-defendants to cheat investors in a Native American tribal bond scheme.<\/p>\n<h2>\u2018A downward spiral\u2019<\/h2>\n<p>Archer, 47, revealed to the judge that he has needed \u201cextensive therapy\u201d to overcome suicidal thoughts and feelings of despair over the court case hanging over him for more than six years. He feared financial ruin for his wife and children and the loss of their family homes.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3832.jpg?quality=90&#038;strip=all\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3832.jpg?quality=90&#038;strip=all&#038;w=1024\" alt=\"Devon Archer\" class=\"wp-image-21681612\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3832.jpg?quality=90&#038;strip=all&#038;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3832.jpg?quality=90&#038;strip=all&#038;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3832.jpg?quality=90&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GM2A3832.jpg?quality=90&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Archer has less than five weeks left before he has to go to jail to serve a one-year, one-month sentence.<\/figcaption><figcaption><span class=\"credit\">Alec Tabak<\/span><\/figcaption><\/figure>\n<p>\u201cIf it was not for my children and wife, I would at times choose not to live. The day I received the subpoena in the fall of 2015 I was completely and utterly shocked, and from that day on, my life has remained in a downward spiral as I have come to learn exactly what was going on,\u201d he wrote.<\/p>\n<p>\u201cI have sought extensive therapy to try and combat the suicidal thoughts that plague me. I have suffered emotionally beyond what I ever imagined possible prior to the start of this proceeding.<\/p>\n<p>\u201cEven with the blessings of marrying my high school sweetheart, a loving family, and what was at one point a blossoming and exciting career, I find myself struggling to find the desire to keep fighting\u2009.\u2009.\u2009.<\/p>\n<p>\u201cI trusted the wrong people and for that I am deeply sorry. I am deeply sorry for all the people that I have hurt and the pain I have caused my family, friends, business associates, and those I do not even know. I was heartbroken to learn of pensioners losing their hard-earned retirement savings and the Wakpamni Tribe having their name dragged through the mud irreparably.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/hunter-biden-laptop-41-1.jpg?quality=90&#038;strip=all\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"909\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/hunter-biden-laptop-41-1.jpg?quality=90&#038;strip=all&#038;w=1024\" alt=\"Hunter Biden\" class=\"wp-image-21681605\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/hunter-biden-laptop-41-1.jpg?quality=90&#038;strip=all&#038;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/hunter-biden-laptop-41-1.jpg?quality=90&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/hunter-biden-laptop-41-1.jpg?quality=90&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Hunter Biden leaves his friend hanging, as his own scandal continues to unfold.<\/figcaption><\/figure>\n<p>\u201cI have lost six years of family and professional life, and over $10\u2009million of my friends\u2019 and my own family\u2019s hard-earned money; not including the millions in legal fees I have incurred and counting\u2009.\u2009.\u2009.<\/p>\n<p>\u201cThough I had lived a charmed life for the most part through 2015, I come from a middle-class background, and I am very proud of the work I did to create and build a private equity firm from scratch. However, since the indictment and the subsequent trial I have lost all confidence in my professional capabilities, and I have absolutely ruined my career with finality.\u201d<\/p>\n<h2>\u2018Smart,\u2019 \u2018likable\u2019<\/h2>\n<p>A close group of friends Archer has known since his days as a lacrosse star at North Shore HS in Glen Head, Nassau County, has been supporting him during his legal ordeal and attended his sentencing last month, along with his wife, Krista, her sister and his brother.<\/p>\n<p>They agreed to talk to The Post to remedy what they say is a false impression the public has about Archer, who they say is a \u201cfamily man,\u201d \u201cdevoted\u201d father and \u201cloyal friend.\u201d<\/p>\n<p>\u201cThe things I\u2019ve seen written about him and the light he\u2019s cast in, it hurts me because it\u2019s just not the guy I know [and] I have known him from the crib,\u201d says one friend.<\/p>\n<p>\u201cIt is not something he would be involved in, stealing someone\u2019s money. It doesn\u2019t fit his character at all.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-621013036.jpg?quality=90&#038;strip=all\"><img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-621013036.jpg?quality=90&#038;strip=all&#038;w=683\" alt=\"Devon Archer\" class=\"wp-image-21681608\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-621013036.jpg?quality=90&#038;strip=all&#038;w=1366 1366w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-621013036.jpg?quality=90&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-621013036.jpg?quality=90&#038;strip=all&#038;w=683 683w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-621013036.jpg?quality=90&#038;strip=all&#038;w=341 341w\" \/><\/a><figcaption>Archer is known as a family man, playing an active role in his children\u2019s life. <\/figcaption><figcaption><span class=\"credit\">Patrick McMullan via Getty Image<\/span><\/figcaption><\/figure>\n<p>Today, Archer is \u201cMr. Mom,\u201d ferrying his two sons and daughter, ages 7 to 15, to school and coaching a lacrosse team of 8-year-olds on weekends. He has not been able to open a bank account or hold a credit or debit card for the past six years.<\/p>\n<p>\u201cI\u2019ve coached lacrosse with him, our kids are similar ages .\u2009.\u2009. The man I know always has been a nice guy, never had an attitude or a problem with anyone. He was always very smart, really likeable and charismatic. Everyone liked him .\u2009.\u2009. but that can work against you sometimes.\u201d<\/p>\n<p>Archer, a former Abercrombie &#038; Fitch model, the son of an art teacher and a Vietnam veteran with PTSD, won a lacrosse scholarship to Yale. There, he befriended John Kerry\u2019s stepson Chris Heinz, who introduced him to fellow Yalie Hunter, with whom he launched an investment firm, Rosemont Seneca Partners.<\/p>\n<p>For an aspirational middle-class kid from Long Island, the friendship with a wealthy trust-funder and son of one of the most powerful politicians in the world seemed a blessing. But it ended up destroying his life.<\/p>\n<p>Archer and his lawyer did not return e-mails asking for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hunter Biden\u2019s former best friend, Devon Archer, has been betrayed and abandoned by the Biden family \u2014 and who could blame him for feeling<\/p>\n","protected":false},"author":489,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1406512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1406512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/489"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1406512"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1406512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1406512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1406512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1406512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}