President Biden and his son, Hunter, have made history – becoming the first father-son duo to be simultaneously under federal investigation. This is a story that is sure to captivate the nation and leave many wondering – what is really going on?
In December 2022, President Biden secured a $250,000 line of credit against his Rehobeth Beach, Delaware, home. It is unclear why Biden quietly secured the line of credit, which allows him to borrow up to a quarter of a million dollars against his home’s equity, and the White House did not respond to a Fox News Digital inquiry on the matter.
At the same time, 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. Those SARs, according to sources familiar with the investigation, involved funds from “China and other foreign nations.” Delaware U.S. Attorney David Weiss, a prosecutor appointed by former President Trump, is conducting the investigation.
The financial move came as the discovery of President Biden’s classified documents from his time as vice president was underway. His lawyers, however, had first discovered a batch of records at the Washington, D.C., office for his think tank, the Penn Biden Center for Diplomacy and Global Engagement, months before on Nov. 2. This forced the National Archives Office of the Inspector General to reach out to a prosecutor at the Justice Department to inform them about the records.
The FBI also recently searched Biden’s Rehobeth Beach vacation home where he took out the line of credit, but agents did not find classified documents on the premises. Between 25 and 30 documents with classified markings have been recovered from Biden’s possession and turned over to the National Archives and the Justice Department.
The story of President Biden and his son Hunter is one that will no doubt be followed closely in the coming weeks and months. While the details of the investigations remain to be seen, the fact that the first father-son duo to be simultaneously – but separately – under federal investigation is a story that will go down in the history books.