Posted on 06/29/2024 8:26:26 AM PDT by Eli Kopter
Did the Daily Mail accidentally uncover a money-laundering scam in the Biden family? No, we’re not talking about Hunter Biden’s fake “artwork.” This new theory hits much closer to Joe’s home—literally. It involves two of his homes in Delaware. Either Joe Biden is broke and needs a lot of cash, or he’s up to something mighty shady. The big question now is: why are the Bidens refinancing their Delaware homes so often? One of their houses was actually refinanced an astounding 15 times.
Honestly, who needs to refinance their home 15 or more times? We wanted to find out the average number of times Americans refinance their homes. Unfortunately, that data isn’t readily available. However, when we asked ChatGPT if refinancing a home 15 times was “excessive,” this was the response:
“Yes, refinancing a single home 15 times does seem excessive.”
So, what is Biden up to, especially given the fact that he’s worth millions? There are some interesting theories floating around.
(Excerpt) Read more at revolver.news ...
I refinanced my home a half dozen times in 25 years. Lower interest rates, and home improvement needs. Also, the original loan was only for 3 years. The Bidens are grubby and money hungry, but I need to see more evidence before pronouncing this corrupt.
“Did the Daily Mail just accidentally uncover the Biden family money-laundering scheme?“
More like, did they accidentally report the money laundering scheme.
Delaware Banks are under BIDEN'S THUMBS....di they REPAY THE LOANS???? Is ANYONE ASKING?
The BIDEN CRIME FAMILY HAS NO BUSINESS......EXCEPT JOE DOING DIRTY DEALS!!
It’s a mafia business that is run by Frank and James.
Bidon is the power broker.
And HUNTER is the BAG MAN!!
Yes he is.
Daisy Chain. And some of the Texas S&L guys were the experts at it. But there, you needed a series of straw buyers/borrowers.
Hmmmm.
How much is $4.2 million in yuan?
It appears that what Trump supposedly did is what Biden actually did.
Why isn't he being prosecuted for this?
Her and Hunter. Joes brain has been down for the count for a long time.
Nothing of a legal nature is going to happen to them. The H-bomb was dropped on his “career” Thursday night. What we are witnessing now is the death throes. Hopefully when the history is written it will reflect the criminality, corruption and treason of this scumball and the commie dems that did this evil thing to the USA.
When a loan is forgiven, it is considered taxable income by the Internal Revenue Service (IRS). The forgiven loan amount is reported on a Form 1099-C, Cancellation of Debt, which is sent to both the borrower and the IRS.
There are some exceptions to the rule, such as the Mortgage Forgiveness Debt Relief Act, which allows you to exclude up to $2 million in forgiven mortgage debt for tax years 2007-2020. The Consolidated Appropriations Act of 2020 extends the exclusion of canceled qualified mortgage debt up to $750,000 for tax years 2021-2025.
I wonder how many times his loans were forgiven and how many times they claimed the exclusion last discussed.
Heard Glenn Beck on the radio in my van a few days ago. He had asked Chat GPT to answer why someone might do that. $ laundering was the answer.
Wasn’t Trump convicted of a “crime” for reportedly over valuing his real estate to secure bank loans? What bank would refinance a property 15 times? Biden’s home was obviously over valued to secure these numerous refinancing.
......the only reasonable explanation for this questionable financial activity......
<><>Biden family members making bank off of Joe’s name
<><>paying tribute by “paying off” the loans
<><>after Joe took the mortgage money for himself.
Does make sense.
Or was it casually intentional?
The repaying would be with funds that needed laundering—before they were extracted again. And again. And again.
I don't know how it works exactly, but this is almost certainly a way for someone to funnel money to the Bidens in return for political favors, like Mrs. Bill Clinton taking $1,000 and turning it into $100,000 in cattle futures. They don't pass the smell test.
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