Devon Archer was sentenced to a year and a day in federal prison by Manhattan Judge Ronnie Abrams for his role in a ploy that defrauded the Oglala Sioux tribe of nearly $60 million in bonds.
Before being arrested, Archer and Biden sat on the board of the Ukrainian energy company Burisma Holdings.Archer’s attorney, Matthew Schwartz, said Archer — who has maintained his innocence — would be appealing the judgment ordering him to pay over $15 million in restitution out of pocket and over $43 million with his co-defendants.
"He came under the influence of a person he trusted too much and didn’t ask enough questions," Schwartz said. "I have deep remorse for the victims of the crime," Archer said, adding that he was also distraught about the pain he had caused his friends and family.Abrams said that he could not let Archer walk for his role in the scheme, deeming the crime"too serious."
Archer and his co-defendants were alleged by prosecutors as having purchased more than $60 million in bonds from the Oglala Sioux, which was then used to"build a financial services mega-company" instead of holding the bonds for annuity.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Democratic Congresswoman Tulsi Gabbard calls for Biden to meet with PutinGabbard urged President Biden to meet with the ex-KBG strongman, during an exclusive interview at the Conservative Political Action Conference.
Read more »
Former President Trump predicts 'a major war in Europe,' criticizes Biden administration for Russia's invasion of UkraineFormer President Donald Trump called Russia's invasion of Ukraine 'an atrocity,' but put the blame on President Biden's administration.
Read more »
Former Pentagon chief of staff rips Biden over US intel report: 'It’s a colossal failure of leadership'Former Pentagon chief of staff Kash Patel ripped President Biden for his 'failure of leadership' after reports surfaced suggesting he shared US intel with China that China subsequently shared with Russia.
Read more »
Meet entrepreneurs of color building Tulsa's former Black Wall Street into hot, new tech hubA community of Black entrepreneurs are shaking up the tech and innovation ecosystem and forming a new hub for digital creators, developers and investors based in Tulsa, Oklahoma.
Read more »