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Suspicious Transaction: Biden Sold His Delaware Home For $1.2M In 1996, Yet It’s Only Worth $1.65M Today

The buyer was a Biden political donor

(Western Journal) It’s always been amazing how everyone just seems to want to give stuff to Hunter Biden for nothing.

From an $80,000 3.16-carat diamond given by a Chinese national, as reported by the New York Post, to up to $250,000 for one of his paintings, despite the fact that he is untrained and has no experience, the younger Biden seems to be the recipient of any number of valuable things.

 

But apparently, President Joe Biden has the same Midas touch when it comes to making financial deals.

A new report by the U.K. Daily Mail revealed that Biden sold his 10,000 square-foot Greenville, Delaware, mansion in 1996 for $1.2 million — more than six times what he paid for it over 20 years earlier.

 

The buyer was a top executive from credit card company MBNA, which was headquartered in Delaware and was a large campaign donor to Biden’s Senate campaign.

In the same year, MBNA hired — no prizes for guessing — Hunter Biden right out of law school. Hunter Biden went on to become senior vice president at the company.

While Biden and MBNA insisted the sale price was fair at the time, the current estimated value of the home is only around $1.65 million. Given the trajectory of Delaware home prices over more than 25 years, the property should be worth upwards of $3 million today if the original sale price was accurate.

At the same time, then-Senator Biden backed bankruptcy legislation in Congress that would benefit credit card companies like MBNA, even though it was opposed by most Senate Democrats, including Barack Obama.

Completely unrelated I’m sure.

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