Documents allegedly leaked by the Ukrainian General Prosecutor's office to CD Media have shed light on payments from Burisma Holdings to Rosemont Seneca Bohai LLC, a corporation controlled by Hunter Biden partner (and fellow former Burisma board member) Devon Archer.
Archer was Yale roommates with John Kerry's stepson Chris Heinz – the two of whom opened investment firm Rosemont Capital with Joe Biden's son, Hunter. Rosemont Capital is the parent company of Rosemont Seneca Partners, LLC – the entity which receive the Burisma payments and in turn aid Biden.
The newly leaked records show 45 payments between November 2014 and November 2015 totaling $3.5 million, mostly in increments of $83,333.33. The payments correspond to Morgan Stanley bank records the New York Times reported on earlier this year – submitted as evidence in a case against Archer who was convicted in a scheme to defraud pension funds and an Indian tribe of tens of millions of dollars. Archer's conviction was overturned in November by a judge who felt that he may not have willingly participated in the scheme.
What's more, there are several payments from "Wirelogic Technology AS" and "Digitex Organization LLP" in the amounts of 366,015 EUR and $1,964,375 US based on credit agreements – while $1,150,000 went to Devon Archer and Hunter Biden.
Looking through the Rosemont Seneca Bohai bank records reveals that it was essentially a slush fund used for payments to Biden, expensive toys, an investment in the ill-fated Indian tribe scheme, and other miscellaneous expenses.
On September 25, 2014 a wire of $15,000,000 was received from Florida attorney, Clifford A Wolff. It was subsequently used to buy a $15 million bond from Wakpamni Town Center – the scheme linked to Archer's overturned conviction.
It is unclear why Rosemont Seneca had so much skin in the game. Via the Wall Street Journal:
Hunter Biden’s work in Ukraine and China has attracted criticism from President Trump and other Republicans. In an unrelated fraud case from last year, his name was invoked as a selling point in transactions that turned out to be fraudulent, although Mr. Biden‘s lawyer said his client knew nothing about it.
The case involved a $60 million securities fraud based on bonds issued by an economic-development company affiliated with a Native American tribe in South Dakota, according to prosecutors’ statements in a federal trial in Manhattan last year.
The proceeds were supposed to be used to build a distribution center and other projects, but were instead diverted for the personal use of Jason Galanis, prosecutors said prosecutors said, describing him as the scheme’s ringleader. Mr. Galanis and others also sought to use the bonds to advance a strategy that involved buying up financial firms to merge them into a larger one called Burnham Financial Group, in a deal called a “roll up,” according to prosecutors.