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https://tribalbusinessnews.com/sections/policy-and-law/15067-trump-pardons-devon-archer-who-defrauded-oglala-sioux-nation-of-60m>
'President Donald Trump has pardoned Devon Archer, who was convicted in 2018 of
defrauding the Oglala Sioux Nation for roughly $60 million.
Archer participated in a complex scheme that defrauded the tribe’s economic
development arm between 2014 and 2016. After gaining control of investment
firms, Archer and his co-conspirators convinced the tribe’s Wakpamni Lake
Community Corporation to issue bonds, which they then purchased using client
funds.
Instead of investing the proceeds in annuities as promised to the tribe, they
diverted millions for personal use—including a $10 million Manhattan apartment
purchased in Archer's name—and to finance acquisition of companies for their
planned financial services conglomerate.
Archer was convicted, appealed immediately, and had his conviction reinstated
by the New York Court of Appeals. He was later sentenced to one year and one
day in prison, and ordered to pay $43 million in restitution and forfeit $15
million in funding and assets.
Archer never served his sentence before Trump pardoned him on Tuesday. Trump
cited Archer’s 2023 congressional testimony about his former business partner,
Hunter Biden, as the reason for the pardon.
"I think he was treated very unfairly," Trump said as he signed the pardon. "He
was a victim of a crime as far as I'm concerned. So, we're going to undo that."
The pardon eliminates Archer's conviction and erases the restitution and
forfeitures owed as a result of the original conviction.'
Via Esther Schindler.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
