Jason Galanis is an American Wall Street financier and congressional witness. After building and acquiring financial-services businesses — including the Burnham & Company platform — he was convicted of securities fraud and sentenced to 189 months in federal prison. In 2024 he testified to the U.S. House about his former business partner Hunter Biden; his testimony was cited more than 110 times in the Biden impeachment inquiry report. President Donald J. Trump commuted his sentence on March 28, 2025.
Early career and Burnham & Company
Galanis began his career investing in distressed debt and financial services and built or acquired a series of businesses, including Internet Billing Company (iBill) and Equities Magazine. His most consequential vehicle was Burnham & Company, the surviving division of the 85-year-old Wall Street firm Drexel Burnham Lambert. He has said that combining a European insurance platform with U.S. assets was his gravest business error.
The Hunter Biden connection
In 2014–2015, Galanis brought Hunter Biden and Devon Archer onto the Burnham platform, where Hunter Biden served as a vice chairman. In sworn 2024 testimony, Galanis stated that “the entire value-add of Hunter Biden to our business was his family name and his access to his father.”Galanis was never charged in connection with the Bidens' foreign business dealings. You can read his full first-person account in Jason's Story.
What was Jason Galanis convicted of?
Galanis pleaded guilty in two securities-fraud cases prosecuted in the Southern District of New York: the Gerova Financial stock-manipulation scheme and the Wakpamni tribal-bond case, which took roughly $60 million tied to the Oglala Sioux Tribe's pension fund. He was sentenced to 189 months — about 15.75 years. He has stated that he pleaded guilty, accepted punishment, and expressed remorse.
Congressional testimony
While incarcerated, Galanis gave a 159-page transcribed interview to the House Committees on Oversight and Judiciary (February 2024) and testified at a public hearing (March 2024). Three committee chairmen described him as “honest and forthcoming,”and his testimony was cited more than 110 times in the 118th Congress's Biden impeachment inquiry report — including a subsection finding that the Justice Department blocked his home confinement to prevent his testimony. The primary sources are published in the congressional record and the document archive.
The 2025 presidential commutation
On March 28, 2025, President Trump commuted Galanis's sentence to time served, with no further fines, restitution, probation, or conditions. Devon Archer received clemency in the same period. The signed clemency warrant is part of the official record.
Timeline
- 2014–2015Brings Hunter Biden and Devon Archer onto the Burnham & Company platform.
- 2015–2017Charged and pleads guilty in the Gerova and Wakpamni securities-fraud cases (SDNY).
- 2020Sentenced to 189 months in federal prison.
- Feb–Mar 2024Testifies to the House from prison; cited 110+ times in the Biden impeachment inquiry report.
- March 28, 2025President Trump commutes his sentence to time served, no conditions.
What is Jason Galanis doing today?
Since his March 2025 commutation, Jason Galanis has been released from federal custody and has spoken publicly about his case, the congressional record, and what he describes as two-tiered justice — including interviews on Fox News and Newsmax. He has published the primary-source record of his testimony and clemency on this site.
Frequently asked questions
Who is Jason Galanis?
Jason Galanis is an American Wall Street financier and congressional witness. After building and acquiring financial-services businesses — including the Burnham & Company platform — he was convicted of securities fraud and sentenced to 189 months in federal prison. In 2024 he testified to the U.S. House about his former business partner Hunter Biden; his testimony was cited more than 110 times in the Biden impeachment inquiry report. President Donald J. Trump commuted his sentence on March 28, 2025.
What was Jason Galanis convicted of?
Galanis pleaded guilty in two securities-fraud cases prosecuted in the Southern District of New York: the Gerova Financial stock-manipulation scheme and the Wakpamni tribal-bond fraud that took roughly $60 million tied to the Oglala Sioux Tribe's pension fund. He was sentenced to 189 months (about 15.75 years). President Trump commuted that sentence to time served on March 28, 2025.
What is Jason Galanis's connection to Hunter Biden?
In 2014–2015, Galanis was a business associate of Hunter Biden and Devon Archer through the Burnham & Company platform, where Hunter Biden served as a vice chairman. In sworn 2024 testimony, Galanis stated that “the entire value-add of Hunter Biden to our business was his family name and his access to his father.” He was never charged in connection with the Bidens' foreign business dealings.
Why did Trump commute Jason Galanis's sentence?
On March 28, 2025, President Trump commuted Galanis's sentence to time served, with no further fines, restitution, probation, or conditions. The commutation followed his cooperation with the U.S. House impeachment inquiry, during which three committee chairmen described him as “honest and forthcoming,” and Congress found that the Justice Department had blocked his home confinement to stop him from testifying. Devon Archer received clemency in the same period.
How many times was Jason Galanis cited in the Biden impeachment inquiry?
Jason Galanis was cited more than 110 times in the 118th Congress's Biden impeachment inquiry report. An entire subsection of the report addresses him as a witness, finding that the Justice Department prevented his home confinement to stop him from testifying about Hunter Biden.
What is Jason Galanis doing today?
Since his March 2025 commutation, Jason Galanis has been released from federal custody and has spoken publicly about his case, the congressional record, and what he describes as two-tiered justice — including interviews on Fox News and Newsmax. He has published the primary-source record of his testimony and clemency at jasongalanis.com.
What companies did Jason Galanis build?
Galanis began in distressed-debt and financial-services investing and built or acquired several businesses, including Internet Billing Company (iBill), Equities Magazine, and the Burnham & Company platform — the surviving division of the 85-year-old Wall Street firm Drexel Burnham Lambert. He has described combining a European insurance platform with U.S. assets as his gravest business error.
Last updated June 5, 2026
Go to the primary sourcesThe full congressional record →Sworn testimony, oversight letters, the impeachment inquiry report, and the President's clemency warrant — verbatim, with the source PDF on every line.