Within weeks of Hunter Biden’s shakedown of Henry Zhao, a Chinese Communist Party official and director of Harvest Fund Management, Joe Biden paid cash for his Rehoboth Beach home.
The home cost a little over $2.75 million dollars. Not bad for someone who used to brag that he was the poorest man in the Senate.
Of course a single Senator sells for a lot less than a vice president does. With the world economy the way it is, Chana has announced that they could be forced to lay off several Democratic Senators.
Harvest Fund Management had previously invested in Hunter Biden’s firm, BHR Partners. That company is co-owned by Hunter Biden and the Bank of China. Hunter told Zhao that he was sitting next to his father and that he fully expected a payment immediately.
As a result Hunter received $5 million dollars that was listed as a loan, which avoids the paying of taxes. Of course, the loan is not expected to be repaid except in influence.
The July 2017 WhatsApp message Hunter Biden sent to Henry Zhao is as follows according to the IRS whistleblower:
“I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled. Tell the director that I would like to resolve this now before it gets out of hand, and now means tonight. 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 directions. I am sitting here waiting for the call with my father.”
A week later Hunter Biden received a $5 million wire described as an ‘interest-free loan’ (a way for Hunter to avoid paying taxes) from a Chinese firm.
On August 8, 2017, $5 million was wired from a CEFC-affiliated investment vehicle (Northern International) to the bank account for Hudson West III, which spent the next year transferring $4,790,375 million directly to Hunter Biden’s firm, Owasco, according to a Senate report reviewed by this reporter.
A few weeks before this desperate shakedown, Joe Biden plopped down nearly $2.75 million in cash for his Rehoboth Beach home. No wonder why he was so desperate to get this cash from Hunter’s business partner. He was counting on it to cover his new real estate transaction.
“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.” The Daily Mail reported.
There was no record of a mortgage lien against the Rehoboth property until Joe and Jill Biden opened a $250,000 HELOC (home equity line of credit) against the property last December.
House Oversight Chairman James Comer responded to the latest evidence of Biden family corruption in a statement to The Daily Mail:
“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 DailyMail.com.
“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.
