Democrat President Joe Biden paid $2.75 million in cash for his luxury Delaware beach house within weeks of his son Hunter issuing a treat to a Chinese oligarch in which he demanded millions.
Biden bought the Rehoboth Beach home at a time when it appeared his political career was over.
He purchased the property in June 2017 for $2,744,001 cash – five months after his vice presidency had ended.
However, now that house in the tiny town of Rehoboth Beach could turn out to be a major embarrassment as new evidence has emerged that raises serious questions about how Biden paid for it.
The evidence comes as Republicans continue their push to find business links between President Biden and his son Hunter.
The Daily Mail has discovered that Biden, who had spent virtually all his adult life in public service, bought the home for slightly under $2.75million – in cash.
And making the transaction even more suspicious, it was within weeks of a highly questionable text that Hunter had sent to Runlong “Raymond” Zhao.
Zhao is an associate at the Chinese Communist Party-controlled oil giant CEFC.
In the text, Hunter threatened Zhao with “my father” and demanded he seal a deal worth $10 million a year, as Slay News reported.
Within days of sending the threatening text, Hunter Biden received over $5 million from China.
“I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled,” Hunter wrote Zhao on WhatsApp on July 30, 2017.
He then appears to threaten Zhao, whom he calls Z.
“Tell the director that I would like to resolve this now before it gets out of hand,” he writes at 9.45 a.m.
“And now means tonight,” he adds, apparently referring to time in Beijing, which is 12 hours ahead.
“And Z if I get a call or text from anyone involved in this other than you, Zhang or the chairman I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction.”
He signs off by emphasizing: “Ok my friend – I am sitting here waiting for the call with my father.
“I sure hope whatever it is you are doing is very, very, very important.”
There is no proof that Joe Biden actually was sitting with his son.
However, metadata from photos obtained from Hunter’s infamous abandoned laptop show he was at his father’s main house, his Wilmington mansion, on the same day the text was sent.
James Comer, chairman of the House Oversight Committee and one of the key figures leading calls for Biden’s impeachment, said the all-cash house purchase is suspicious.
“The fact that Joe Biden purchased a luxurious beach house around the same time his family was receiving millions from a CCP-linked company raises many questions that need to be answered,” Comer told the Mail.
“The House Oversight Committee will continue to follow the money trail to determine the extent of President Biden’s involvement in his family’s influence-peddling schemes and its impact on our national security,” Comer added.
Senator Ron Johnson, who together with Senator Chuck Grassley spent years investigating Hunter’s shady foreign business activities, said the transaction “underscores the imperative” of getting all the Bidens’ bank records.
“The corruption of the Biden crime family has been obvious for years,” he claimed in a statement.
“This is just another piece of evidence that will probably be ignored once again by most of the mainstream media.
“It also underscores the imperative of obtaining all the bank records from all the Bidens who have benefited from Joe and Hunter’s grifts.”
The White House has denied the President was ever “in business” with his son.
“But aides have recently stopped claiming that the two never spoke about Hunter’s foreign dealings.
Property records show Joe’s six-bedroom second property was purchased on June 8, 2017, for $2,744,001 – just seven weeks before his son’s shakedown messages.
No mortgage was registered with the sale, indicating Joe Biden paid all cash for his second home.
The Sussex County recorder has no records for a mortgage on the Rehoboth Beach property until December last year, when Joe and Jill Biden opened a $250,000 line of credit secured against the property.
His tax records from the time show he was beginning to make much more money than while he was vice president, mostly from sales of his memoir, “Promise Me, Dad,” and lucrative speaking engagements by him and First Lady Jill Biden.
In 2017, the first year Joe Biden was out of office after 36 years in the Senate and eight more as vice president, the couple declared an income of $11 million, and a further $4.58 million in 2018.
At the time of Joe Biden’s Rehoboth house purchase, local news site Delaware Online reported that it had been bought “using part of their advance from a multi-book deal.”
But even if the money for the home came from the $11 million he and Jill Biden earned that year according to their tax filings, there are still large discrepancies in the president’s financial disclosures that remain unexplained.
An analysis published last year shows a $5.2 million discrepancy between his IRS filings and his Office of Government Ethics disclosures for the same period.
Between 2017 and 2019 he and First Lady Jill Biden reported $16.5million in gross income on their federal tax returns, released by the Biden campaign.
The vast majority came from their two companies, CelticCapri Corp and Giacoppa Corp, which they use for speaking and writing engagements.
But in Office of Government Ethics (OGE) fillings for the same period, Joe Biden only reported $9.6 million in income for himself and his wife.
Joe was required to file OGE reports while he was vice president, and in 2019 after he declared his presidential candidacy.
Some of the remaining roughly $7 million came from wages earned by the First Lady from her Northern Virginia Community College teaching job and a salary she paid herself from Giacoppa, which the couple were not required to report to the OGE.
But a comparison of the income reported by Joe from his CelticCapri company on OGE reports versus what he told the IRS, shows a difference of almost $5,180,071 which remains unaccounted for.
The figure is surprisingly similar to the $5 million Joe Biden was allegedly bribed by Mykola Zlochevsky, the owner of Ukrainian gas firm Burisma, according to information received by a trusted FBI informant.
In the 2020 write-up of an agent’s interview with the unnamed informant, released by Congress this year, the source claimed that during a meeting with Zlochevsky in 2016 the Ukrainian oligarch boasted about funneling $5 million each to Hunter, who served on the Burisma board at the time, and Joe, via a complex network of offshore accounts.