Feds Garnish Hunter Biden Business Partner For Not Paying $44 Million Fine

  • Federal prosecutors said Wednesday that former Hunter Biden business partner Devon Archer has failed to make restitution on the roughly $44 million he owes in connection being found guilty last year of conspiracy to commit securities fraud and that they will now attempt to collect the money by garnishing companies that apparently hold some of Archer’s assets.
  • The court entered a judgment against Archer on Feb. 28, 2022, that included $43,427,436 in restitution to the victims of the offenses of which he was found guilty; the forfeiture of $15,700,513, which represents the proceeds of his crimes; and  interest accrues on the unpaid restitution, accord to the three-page filing in the U.S. District Court Southern District of New York.

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