(Rightallegiance.com) – In a recent development that has caught the attention of congressional investigators, Jason Galanis, a business associate previously involved with Hunter Biden, has provided testimony that sheds light on the intricate connections between the Biden family and various international business ventures. Serving a 14-year sentence for securities fraud, Galanis offered his insights from an Alabama prison, detailing his collaboration with Hunter Biden and their efforts to leverage political influence for business gains.
Galanis’ involvement in financial schemes, including a fraudulent bond issue tied to a Native American tribe’s company, led to his imprisonment. His testimony, however, centers on a period between 2012 and 2015 when he worked alongside Hunter Biden and Devon Archer. The trio aimed to establish a private equity platform that would combine a renowned Wall Street brand with a significant political name. According to Galanis, the primary asset Hunter Biden brought to their business was the prestige of his family name and the potential for political access it provided.
Their ambitious plan involved acquiring Burnham & Co., a sector of Drexel Burnham Lambert, and merging it with various businesses in insurance and wealth management, creating a conglomerate with over $17 billion in audited assets. The ultimate goal was to generate billions in profits, heavily relying on the connections and political access Hunter Biden could offer.
Hunter Biden’s role as vice chairman of the Burnham group was pivotal, as he facilitated strategic relationships with key figures in Kazakhstan, Russia, and China, significantly expanding the venture’s global reach. The integration of a ‘Biden family office’ into this large-scale financial company aimed to bolster its influence internationally.
A critical development in their strategy was the proposed partnership with Harvest Fund Management, a Chinese financial services giant with close ties to the Chinese Communist Party and a founding partner of BHR Partners. This partnership was seen as a game-changer, potentially enhancing the Burnham & Company enterprise significantly. The allure of the Biden family’s influence was a key factor in attracting Harvest’s interest, with Joe Biden’s anticipated involvement post-vice presidency seen as a valuable asset for securing political access both in the United States and globally.
Galanis highlighted an instance from 2014 when a collaboration with Harvest Fund Management was solidified, emphasizing the strategic importance of the Biden family’s involvement. An email from Hunter Biden hinted at discussions about a board seat for a “certain relation” of his, presumably referring to Joe Biden, indicating a direct intention to leverage family connections for business advantages.