(Fox News) Joe Biden was allegedly considering joining the board of a joint venture created by Hunter Biden and his business associates with ties to the Chinese Communist Party after he left the vice presidency.
Joe Biden’s involvement would bring “political access in the United States and around the world,” a former business associate of the first son testified from prison Friday.
Fox News Digital exclusively obtained Jason Galanis’ opening statement delivered Friday morning to congressional investigators from an Alabama prison as part of the impeachment inquiry against President Biden.
Galanis is serving a 14-year prison sentence after pleading guilty to securities fraud based on bonds issued by a company affiliated with a Native American tribe in South Dakota. The funds were reportedly supposed to be used for certain projects but were instead used for his personal finances. He was sentenced in 2017.
Galanis said he worked with Devon Archer and Hunter Biden between 2012 and 2015. Their business together, he said, included the acquisition of Burnham & Co, a division of Drexel Burnham Lambert, combined with “other businesses in insurance and wealth management.” Galanis testified the three “owned and acquired with total audited assets of over $17 billion.”
“Our objective was to build a diversified private equity platform, which would be anchored by a globally known Wall Street brand together with a globally known political name,” Galanis testified. “Our goal — that is, Hunter Biden, Devon Archer and me — was to make billions, not millions.”
Galanis testified that “the entire value-add of Hunter Biden to our business was his family name and his access to his father, Vice President Joe Biden.
“Because of this access, I agreed to contribute equity ownership to them — Hunter and Devon — for no out-of-pocket cost from them in exchange for their ‘relationship capital,’” he told investigators.
Hunter Biden served as vice chairman of the Burnham group “and brought strategic relationships to the venture, including from Kazakhstan, Russia and China.”
Burnham was the focal point for integrating a ‘Biden family office’ into a large-scale financial company with international influence,” he explained, adding that they acquired some of Hunter Biden’s companies like RSP Investments and Rosemont Seneca Advisors.
Galanis understood Joe Biden talked with Hunter about joining the board of CCP-linked joint venture
Galanis testified that, in 2014, he “agreed with Hunter and Devon that the Burnham & Company enterprise would be significantly enhanced by forming a partnership with Harvest Fund Management, a $300 billion Chinese financial services company closely connected to the Chinese Communist Party.” Harvest, at that time, had already agreed to be a founding partner of BHR Partners, he explained.
Fox News Digital has previously reported that Joe Biden met with Jonathan Li, who worked for BHR Partners, in China in 2013.
Galanis explained that Henry Zhao, the director of Harvest, was a contact of Hunter Biden’s.
“Mr. Zhao was interested in this partnership because of the game-changing value-add of the Biden family, including Joe Biden, who was to be a member of the Burnham-Harvest team post-vice presidency, providing political access in the United States and around the world,” Galanis testified.
Galanis pointed to a draft email dated Aug. 23, 2014, from Hunter Biden, which states: “Please also remind Henry [Zhao] of our conversation about a board seat for a certain relation of mine. Devon and I golfed with that relation earlier last week and we discussed this very idea again and as always he remains very very keen on the opportunity.”
Fox News Digital obtained that draft email.
Galanis testified that email was “struck from the final version” but “was drafted with an understanding of what had transpired regarding this effort.”
Galanis said the email was forwarded to him by Devon Archer with the words: “FYI … example of lean in on Henry from Hunter … this is email drafted for him to send to Henry.”
Galanis testified that the words “lean in” were “used often by Devon and Hunter in our business dealings as a term for access to Vice President Biden’s political influence.”
“As Devon Archer is mentioned as a direct party to the conversation with the vice president on the golf course, it is clear from his email that Devon believed this was an accurate representation of that conversation,” Galanis said in his opening statement.
“I am certain that the phrase ‘a certain relation of mine’ refers to Vice President Biden, and Devon told me about this conversation on the golf course shortly after it happened,” Galanis testified. “And it was one of many conversations that I understood the vice president had expressing his willingness to join Harvest board after his vice presidency.”
Joe Biden golfed with his son Hunter and business partner Devon Archer in August 2014
The draft email does not specifically mention Joe Biden’s name or refer to the “certain relation” as Hunter Biden’s father. However, there is an infamous photo of Vice President Joe Biden, Hunter Biden and Devon Archer on the golf course. That photo was taken in mid-August 2014, which would have been a week or so prior to the draft email. News reports indicate the vice president was in the Hamptons at the time.