By President Donald Trump commuted the sentence of Jason Galanis, a convicted ex-business associate of Hunter Biden, whom Trump officials described as the ‘fall guy’ for the former first son’s business dealings.
Galanis was sentenced in 2017 to 189 months, or 14 years, in prison, 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.
A Trump administration official told Fox News Digital that Galanis served eight years and eight months of his sentence and had an ‘unblemished record while in prison.’ The official also said Galanis was sexually assaulted by a security guard while in prison.
The Trump official told Fox News Digital that Galanis ‘basically was the fall guy for Hunter Biden and Devon Archer.’ The official noted Galanis was ‘extremely cooperative’ during the 2024 House impeachment inquiry into the Biden family.
‘After serving eight years and eight months in prison on good behavior, the administration felt it was time for him to regain his liberty and go on into his private life,’ the official told Fox News Digital.
Congressional investigators interviewed Galanis while he was in prison to gather information on the Biden family’s business dealings and any ‘access’ to then-Vice President Joe Biden.
Galanis testified that Joe Biden was 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.
Galanis said Joe Biden’s involvement would have brought ‘political access in the United States and around the world.’
Galanis testified that he worked with 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.’
Meanwhile, Archer was tied to the scheme that put Galanis in prison and was convicted in 2018 for defrauding the Native American tribal entity and various investment advisory clients of tens of millions of dollars in connection with the issuance of bonds by the tribal entity and the subsequent sale of those bonds through fraudulent and deceptive means.
The president pardoned Archer in March.
‘Many people have asked me to do this. They think he was treated very unfairly. And I looked at the records, studied the records. And he was a victim of a crime, as far as I’m concerned. So we’re going to undo that. … Congratulations, Devon,’ Trump said ahead of signing the pardon.
Archer thanked Trump ahead of officially receiving the pardon Tuesday, arguing he was ‘the victim of a convoluted lawfare effort.’
‘I want to extend my deepest thanks to President Trump,’ Archer said in a comment to the New York Post regarding the pardon. ‘I am grateful to the president for recognizing that I was the victim of a convoluted lawfare effort intended to destroy and silence me.
‘Like so many people, my life was devastated by the Biden family’s selfish disregard for the truth and for the peace of mind and happiness of others. The Bidens talk about justice, but they don’t mean it,’ he said. ‘I am grateful that the American people are now well aware of this reality.’
Galanis and Archer testified as part of the House impeachment inquiry against Joe Biden. The House of Representatives found, after months of investigating, that Biden had engaged in ‘impeachable conduct.’ In their nearly 300-page report, House lawmakers said he had ‘abused his office’ and ‘defrauded the United States to enrich his family.’
Republicans said there is ‘overwhelming evidence’ that Biden had participated in a ‘conspiracy to monetize his office of public trust to enrich his family.’ They alleged that the Biden family and their business associates had received tens of millions of dollars from foreign interests by ‘leading those interests to believe that such payments would provide them access to and influence with President Biden.’
Before leaving office, President Biden announced a blanket pardon that applied to any offenses against the U.S. that Hunter Biden ‘has committed or may have committed’ from Jan. 1, 2014 to Dec. 1, 2024.
‘From the day I took office, I said I would not interfere with the Justice Department’s decision-making, and I kept my word even as I have watched my son being selectively, and unfairly, prosecuted,’ President Joe Biden said. ‘There has been an effort to break Hunter — who has been five and a half years sober, even in the face of unrelenting attacks and selective prosecution. In trying to break Hunter, they’ve tried to break me — and there’s no reason to believe it will stop here. Enough is enough.’
Biden added, ‘I hope Americans will understand why a father and a president would come to this decision.’