A federal appeals court reinstated the conviction of a former business associate of Hunter Biden on securities fraud and conspiracy charges, ruling a lower-court judge erred last year in vacating a jury’s verdict.
A three-judge panel of the U.S. Court of Appeals for the Second Circuit ruled that Devon Archer “knew at least the general nature and extent of the scheme and intended to bring about its success.” The fraud involved the sale of $60 million in bonds issued by an economic-development corporation affiliated with a Native American tribe. The proceeds were misused by Mr. Archer and others, prosecutors argued.
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