https://sputnikglobe.com/20230203/biden-gets-250000-loan-against-delaware-home-amid-hunter-documents-probes-media-reports-1106951915.html
Biden Gets $250,000 Loan Against Delaware Home Amid Hunter, Documents Probes, Media Reports
Biden Gets $250,000 Loan Against Delaware Home Amid Hunter, Documents Probes, Media Reports
Sputnik International
US President Joe Biden has secured a $250,000 line of credit against his house in Rehoboth, Delaware, as his son Hunter faces a a long-running federal tax investigation and amid his own classified documents scandal.
2023-02-03T14:44+0000
2023-02-03T14:44+0000
2023-02-03T14:44+0000
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The records show that the contract with M&T bank was signed on December 5, according to the report. Biden and his wife bought the house in 2017 for $2.74 million. The media notes that it is not clear why Biden could need a quarter of a million dollars. The White House did not respond to journalists' requests.The financial move came at a time when the president's son, Hunter Biden, is under a federal investigation for alleged tax fraud. According to investigators, he was involved in suspicious activities, involving foreign transactions, including funds from China and other foreign nations.The president himself has also become embroiled in an FBI investigation over suspected mishandling of classified documents. Days ahead of the November 2022 midterms, Biden's attorneys discovered a batch of top-secret records at his former office at the Penn Biden Center for Diplomacy and Global Engagement, and later a trove of classified files at his Delaware home.
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biden's classified files, biden classified files scandal, hunter biden tax fraud
biden's classified files, biden classified files scandal, hunter biden tax fraud
Biden Gets $250,000 Loan Against Delaware Home Amid Hunter, Documents Probes, Media Reports
WASHINGTON (Sputnik) – US President Joe Biden has secured a $250,000 line of credit against his house in Rehoboth, Delaware, as his son Hunter faces a a long-running federal tax investigation and amid his own classified documents scandal, US media reported on Friday, citing Sussex County records.
The records show that the contract with M&T bank was signed on December 5, according to the report. Biden and his wife bought the house in 2017 for $2.74 million.
The media notes that it is not clear why Biden could need a quarter of a million dollars. The White House did not respond to journalists' requests.
The financial move came at a time when the president's son, Hunter Biden, is under a federal investigation for alleged tax fraud. According to investigators, he was involved in suspicious activities, involving foreign transactions, including funds from China and other foreign nations.
2 February 2023, 19:49 GMT
The president himself has also become embroiled in an FBI investigation over suspected mishandling of classified documents. Days ahead of the November 2022 midterms, Biden's attorneys
discovered a batch of top-secret records at his former office at the Penn Biden Center for Diplomacy and Global Engagement, and later a trove of classified files at his Delaware home.
