Company part-owned by Jared Kushner got $90m from unknown offshore investors

[alexa]

A real estate company part-owned by Jared Kushner has received $90m in foreign funding from an opaque offshore vehicle since he entered the White House as a senior adviser to his father-in-law Donald Trump.



Investment has flowed from overseas to the company, Cadre, while Kushner works as an international envoy for the US, according to corporate filings and interviews. The money came through a vehicle run by Goldman Sachs in the Cayman Islands, a tax haven that guarantees corporate secrecy.



Kushner, who is married to Trump’s elder daughter Ivanka, kept a stake in Cadre after joining the administration, while selling other assets. His holding is now valued at up to $50m, according to his financial disclosure documents.

Kushner says he has excluded himself from government policy on real
estate. A footnote to his financial disclosure form said he was recused from “particular matters in the broker-dealer, real estate, and online financial services sectors to the extent they would have a direct and predictable effect on Cadre”.


The conflict of interest law treats spouses’ financial interests as combined. Ivanka Trump has been credited by Trump with advocating for an administration policy that promises to be lucrative for real estate developers and investors. She denies any impropriety.


Kushner’s own recusal on real estate matters in front of the government would not in itself prevent him from taking actions in other policy areas that could entice foreign investors to Cadre.


In all, Cadre’s investment arm manages more than $522m in assets, according to its latest filing to the Securities and Exchange Commission, which was submitted at the end of March.


Kushner has had financial ties to several different countries. His family’s single most expensive purchase, a skyscraper on Manhattan’s Fifth Avenue, was last year refinanced by a fund backed by the Qatari government. In an article for the Washington Post defending the family’s businesses, Kushner’s father, Charles, said foreign investments were “a legal and appropriate stream of funding”.



As Trump’s special representative in the Middle East, Kushner has developed a close relationship with Saudi Arabian officials, particularly the crown prince, Mohammed bin Salman. Cadre says it does not have any sovereign wealth funds among its investors.

https://www.theguardian.com/us-news/...P=share_btn_tw


I'm sure that Mr Kushner, like his father-in-law, the Grifter-in-Chief, only acts with America's best interests as his focus.

[Lummy]

If you care to take a close look at your gongressmen and senators who become millionaires after entering office, you will find similar behavior.

[BenjaminO]

If you care to take a close look at your gongressmen and senators who become millionaires after entering office, you will find similar behavior.

Enough whataboutism.
This thread is about Kushner.

[alexa]

If you care to take a close look at your gongressmen and senators who become millionaires after entering office, you will find similar behavior.

So I will find my reps defending Saudi murderers and arranging arms sales in return for "investments"?

I'll certainly look into it.

[Tahuyaman]

Enough whataboutism.
This thread is about Kushner.

Lol...

[BenjaminO]

Lol...

Beat you to it.
Or were you even going to point that out to him?

[Lummy]

Enough whataboutism.
This thread is about Kushner.

Well, no reason to get all defensive. The point is that the whole damn capitol and deep state are corrupt.

So I will find my reps defending Saudi murderers and arranging arms sales in return for "investments"?

I'll certainly look into it.

They need not venture to the ME, though some of them no doubt do. The fattest hogs are right here in the US, to put it in terms that you understand.

The applicable adage here is "follow the money". They're all crooks to some degree. Count on it.

[BenjaminO]

Well, no reason to get all defensive. The point is that the whole damn capitol and deep state are corrupt.


They need not venture to the ME, though some of them no doubt do. The fattest hogs are right here in the US, to put it in terms that you understand.

The applicable adage here is "follow the money". They're all crooks to some degree. Count on it.

More whataboutism.
So we've got one caught (Kushner) red handed.
Why are you trying to justify what Kushner is doing.
Two wrongs do not make a right.

[MisterVeritis]

What makes any of you think this is corrupt?

[alexa]

Well, no reason to get all defensive. The point is that the whole damn capitol and deep state are corrupt.


They need not venture to the ME, though some of them no doubt do. The fattest hogs are right here in the US, to put it in terms that you understand.

The applicable adage here is "follow the money". They're all crooks to some degree. Count on it.

I agree, but I'd prefer to keep it domestic.