Hunter Biden Took $250k Home Equity Line of Credit Out on Vacation Home in December
FIRST ON FOX President Biden As his son Hunter Biden faces an investigation into his tax affairs as well as amid his own scandalized classified documents, a $250,000 credit was secured against his Rehoboth Beach home.
According to Sussex County filings the six-figure home Equity variable rate credit was acquired by Biden from M&T Bank on December 5, 2022. According to county records the initial purchase of the residence was by Biden and his wife Jill Biden in 2017, for $2.74million.
It is unclear how Biden obtained the line of credit that allows him to borrow up a quarter of one million dollars against his home’s equity. Fox News Digital inquired the White House about the matter.
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The line of credit documents for portions of Biden (records from Sussex County Recorder of Deeds).
The financial move occurred as Hunter Biden is currently under investigation by the federal government. At the same time, President Biden’s classified documents dating back to his time as vice president were being discovered.
Hunter Biden has been under federal investigation since 2018 for his tax affairs – an investigation that was predicated, in part, by suspicious activity reports (SARs) regarding some foreign transactions. Sources familiar with the investigation say that those SARs were based on funds from. “China and other foreign nations.”
David Weiss (Delaware U.S.A. Attorney), a former Trump prosecutor, is leading the investigation.
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Hunter Biden is being investigated by the federal government for his tax matters.
(Getty images)
In January, President Biden’s embarrassing secret documents fiasco became widely known. His lawyers discovered the records at the Washington, D.C., headquarters of his think tank, The Penn Biden Center for Diplomacy and Global Engagement, several months prior to Nov. 2.
Because of the confidential document discovery, the National Archives Office was forced to contact the Justice Department to provide information about the records.
The event in turn sparked a Federal Bureau of Investigation It used its standard protocol to assess whether mishandling of classified data was occurring that violated federal law on Nov. 9. John Lausch was then appointed by the U.S. Attorney, Chicago, to determine whether special counsel is required.
President Biden and his son, Hunter, have made presidential history for being the first father-son duo to be simultaneously – but separately – under federal investigation.
(AP Photo/Evan Vucci)
Since then, the number of classified documents discovered has increased. Biden’s lawyers told Lausch on December 20 that more classified documents were found in Lausch’s Wilmington garage. A few weeks later, Garland named Robert Hur, U.S. attorney, as special counsel to investigate Biden’s documents.
FBI also Recently searched Biden lived in Rehoboth Beach, his vacation home. He took out the credit line. However agents couldn’t find classified documents.
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Bis now, Biden has turned over between 25-30 documents with classified markings to the National Archives.
The Bidens President of the United States It was the first time a father-son duo has been simultaneously – and separately – under federal investigation.
Reporting by Fox News’ Brooke Singman and Chris Pandolfo as well as David Spunt and Jake Gibson.
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