News

Elections

Hunter Biden Served as ‘Ceremonial Figure’ on Burisma Board for $80,000 Per Month

Former Vice President Joe Biden and his son Hunter Biden depart after a pre-inauguration church service in Washington, D.C., January 18, 2009. (Jonathan Ernst/Reuters)

Mykola Zlochevsky, the Kremlin’s former minister of natural resources and the founder of Burisma Holdings, reportedly hired Hunter Biden “as a helpful non-executive director with a powerful name,” according to a Friday Reuters report.

Oleksandr Onyshchenko, a Ukrainian businessman and former politician who knows Zlochevsky says Burisma’s founder hired Biden in 2014 “to protect [the company]” in the face of potential prosecution. Zlochevsky was investigated for tax violations, money-laundering, and corruption and initially cleared of any wrongdoing. Earlier this month, Ukraine’s Prosecutor General Ruslan Ryaboshapka told reporters that 15 cases involving Zlochevsky were being reviewed.

According to sources, Hunter Biden never visited Ukraine, but participated regularly in biannual board meetings, all of which were held outside Ukraine. Sources also said Biden was appointed during a time when Burisma was seeking foreign investment, a process which Biden helped by finding lawyers for the potential deal, which ultimately broke down when war broke out in east Ukraine. “He was a ceremonial figure,” a source said.

Reuters reviewed payment records allegedly from Burisma which show $3.4 million in payments to a company headed by Biden’s business partner, Devon Archer, called Rosemont Seneca Bohai LLC, between April 2014 and November 2015.

Every month during that 18-month period, the records show two payments of $83,333 for “consulting services,” which sources say were intended for Archer and Biden. One of the sources also said that in their investigations of Burisma, prosecutors obtained payment records which showed activities prior to when Archer and Biden were appointed to the board.

Most Popular

Economy & Business

Who Owns FedEx?

You may have seen (or heard on a podcast) that Fred Smith so vehemently objects to the New York Times report contending that FedEx paid nothing in federal taxes that he's challenged New York Times publisher A. G. Sulzberger to a public debate and pointed out that "the New York Times paid zero federal income tax ... Read More
Sports

The Kaepernick Saga Drags On . . . off the Field

Colin Kaepernick’s workout for NFL teams in Atlanta this weekend did not run smoothly. The league announced an invitation to scouts from every team to watch Kaepernick work out and demonstrate that he was still ready to play. (As noted last week, the workout is oddly timed; the NFL season is just a bit past its ... Read More
World

Israel’s New Way of War

Commuters on Route 4, driving toward the Israeli coastal city of Ashdod on November 12, were shocked by an explosion, a rocket impact next to a major intersection. Had it fallen on a car or one of the many trucks plying the route, there would have been deaths, and the road would have been closed. Instead, police ... Read More
White House

Decide Trump’s Fate at the Ballot Box

If Donald Trump’s presidency is going to end before 2025, it should end at the ballot box. A lot of what has been revealed by Trump’s desire to see Ukraine investigate Joe and Hunter Biden -- or at least publicly announce an investigation -- merely confirms character traits, instincts, and habits that have ... Read More