Newly released documents show that as early as 2016, the FBI was aware of Hunter Biden and his associates' plans to launch a business venture in Liechtenstein. The proposed company, Burnham Energy Security LLC, was set to receive a $120 million investment from Mykola Zlochevsky, the contentious owner of the Ukrainian energy firm Burisma Holdings.
The details of this significant deal emerged from a cache of 3.39 million documents obtained during an FBI securities fraud investigation involving Hunter Biden and his partners nearly a decade ago. Recently, Devon Archer, a former business partner of Hunter Biden, handed these documents to the House Oversight Committee amid an impeachment inquiry into Joe Biden's actions.
The investment plan was being formulated while Hunter Biden was on Burisma's board and Joe Biden was vice president overseeing U.S. policy in Ukraine. According to the documents, Zlochevsky aimed to invest $120 million over three years to elevate Burisma into a global energy leader. Hunter Biden was slated to join the board of Burnham Energy Security LLC, which would have received 25% of the new venture’s net revenues without any financial input.
An August 2015 email from Vadym Pozharskyi of Burisma to Archer emphasized the need for Hunter Biden's involvement to enhance the venture’s credibility, particularly from a Ukrainian perspective.
However, the plan encountered significant obstacles in September 2015. On the day of business associate Jason Galanis's arrest for securities fraud, then-U.S. Ambassador to Ukraine Geoffrey Pyatt urged Ukrainian prosecutors to file corruption charges against Zlochevsky. In response, Burisma enlisted the help of the U.S. lobbying and PR firm Blue Star Strategies to manage the situation.
These documents were neither part of Hunter Biden’s infamous laptop nor mentioned during the 2019 impeachment proceedings related to Ukraine.
