Posted on 06/29/2024 8:26:26 AM PDT by Eli Kopter
This could be a way to launder money, but I think the banks would have to be in on it. So you get the loan and have clean money in the bank from the loan, but how do you use the dirty money to pay off the loan? Cash deposits over time into the bank? Using Bitcoin? You could do either of those with no need for the loan. I think we would need to see the documents of how the loans were repaid to understand if this could really be money laundering. If they were paid in cash, that would be something, but I am pretty sure banks don’t allow that; they wouldn’t even let me use cash on hand for as a downpayment on a mortgage. I had pulled out a few hundred per paycheck from ATMs for many years and had 40k as a downpayment, but they said I needed to show every single receipt for each withdraw otherwise I could not use the cash— hence my comment about only works if the bank is in on it.
Yup
Thank you, Dr. Franklin...I hadn't considered that, i.e. the funds to pay off the mortgages came from friends of Joe. Easy way to launder money.
There is a $200,000 loan repayment check from James Biden to Joe. Joe “ loans” James money. James then takes “the Brand” money to repay Joe. James, Joe and Hunter then split the $200 k while joe repays house loan. With original loan. A refinance costs 2 % to 6% of principal. 25 refinances of $200,000 would be $100,000 and doesn’t make sense
I am sorry, 15 x refinancing of $200,000 with 2% refinance charge would be $60,000.00
My goodness, this is almost EXACTLY like the S&L stuff from years back. How many politicians have been laundering money using this technique where they refinance a property using inflated values time and again thus inflating the values and taking out “fake equity” as cash? Have their family members been using the same scam where they have “lenders” involved who finance the properties that have had the values inflated
exactly like Neil Bush and Silverado Savings did?
This is a pretty simple fraud and in the case of Biden easy to do because of the closed loop involved. Unlike the S&L scandal that imploded because of greed these individual transactions look legit from the outside until you see the frequency and number of loans.
We are governed by criminals, that’s why the hate Trump and it is also why they are so good at charging him with false financial crimes because the do that themselves.
And Trump is being prosecuted in NY for financing his properties how many times and for what purpose?
Question is whether all the mortgages were paid off when each was refinanced or was Biden using his house like an ATM
More like he pulled the pin on a grenade and threw the pin at Trump.
There are a lot of financial companies headquartered in Deleware, credit card companies. I have no doubt that Joe was able to influence legislation on their behalf. They were able to provide him with generous loans for his laundering operation. All speculation, of course.
Because they're doing it too. Remember what President Trump said back in 2016 when Hillary tried to hit him about not paying his taxes: "You never changed the tax code because your friends are taking advantage of the same rules I do." They won't investigate Biden because they're doing the same exact sorts of things.
Intriguing theory...
The tax and bank records should show this.
But it’ll never be investigated.
Wow! More and more corruption just keeps getting revealed
Borrow again the house and invest the money. Pay it back with money from a business you created that someone else paid into.
Startup a clothing store using imported suits from Italy. “Sell” the suits to customers for cash only the cash came from heroin sales. Later, sell the same suits to people for cash under the table at a heavy discount. Have a cohort buy a radio station and have your businesses advertise on it.
I can imagine Jill cutting off Joe if he fails to deliver the goods she expects from him. Living in the White House with the Lincoln bedroom has become the full monty.
It is 35 times we know of.
Here is one way Joe Biden is laundering money.
He has never made enough to own his homes to begin with except thru bribes.
Joe and Jill Biden have been using their Delaware house for fast cash - refinancing 20 times with loans totaling $4.2M since buying the $350k home
POTUS and first lady refinanced their two homes 35 times over the years
Current Wilmington house has outstanding $541k loan 28 years after purchase
https://www.dailymail.co.uk/news/article-13547165/Joe-Jill-Biden-Wilmington-Delaware-home-refinance-mortgage.html
I was in banking for 25 years and it was always where people went to get BANKING SETTLEMENTS, BANKING APPROVALS, BANKING WORK AROUNDS...
DELAWARE was and is the Azzhole of Banking.
Just as Pedo is the same for our presidency..I could cry.
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