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SEC dropped probe into company one month after it gave Kushner family a $180 million loan

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Jared Kushner (Time)

The Securities and Exchange Commission last year dropped an inquiry it was making into financial firm Apollo Global Management shortly after it agreed to loan Jared Kushner’s family’s business $180 million.

According to the Associated Press, “Apollo said in its 2018 annual report that the SEC had halted its inquiry into how the firm reported the financial results of its private equity funds and other costs and personnel changes,” whereas it had “previously reported that the Obama administration SEC had subpoenaed it for information related to the issue.”

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While there is no evidence that Kushner lobbied the SEC to drop its inquiry of Apollo, the timing of the events is certain to raise eyebrows. The New York Times reported this week that Apollo made a massive loan to Kushner Companies last year shortly after its chief executive met with Kushner at the White House.

The Apollo loan isn’t the only Kushner-related loan deal coming under more scrutiny, either. The Intercept reported on Friday that Kushner Companies tried unsuccessfully to lobby Qatari Finance Minister Ali Sharif Al Emadi to try to secure an investment for its troubled property at 666 Fifth Avenue in New York City.

Just one month after Qatar’s government turned down the loan request, the country found itself blockaded by a group of nations led by Saudi Arabia and the United Arab Emirates — and Kushner was reportedly a driving force inside the administration of supporting the blockade.


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Noam Chomsky: ‘Malevolent’ Trump exposed the ‘extreme fragility of American democracy’

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Prominent public intellectual Noam Chomsky is explaining how President Donald Trump, post-election, is revealing the actual state of America's fragile democracy.

The president's General Services Administration (GSA) head Emily W. Murphy may have signed off on beginning the transition process for the Biden administration but he is still pushing his baseless, unfounded claims of voter fraud. Although U.S. election officials deemed the 2020 presidential election "the most secure in American history," Trump continues to insist the general election was rigged.

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2020 Election

Trump’s ‘sore loser’ tiny desk performance mocked by New Yorker writer: ‘This does not project strength’

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New Yorker writer Susan Glasser on Friday mocked President Donald Trump for whining about losing the 2020 presidential election while sitting behind a tiny desk.

Appearing on CNN, Glasser said she was amazed that someone as image-conscious as Trump wouldn't realize how weak he appeared on Thanksgiving while ranting about voter from behind a puny desk.

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‘Tiny brain. Tiny man. Tiny desk. Massive ego.’ Donald Trump mocked for ‘throwing a tantrum’ at ‘the kids table’

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President Donald Trump gave a Thanksgiving Day address from a comically tiny desk in the White House, setting off a stream of mockery throughout the evening.

The president aired his grievances, lashed out at reporters and told outrageous lies about the election -- which he insisted had been stolen from him -- but most observers were distracted by that unusually small desk adorned with a large presidential seal.

hold me closer tiny-desk man

— Adam Weinstein (@AdamWeinstein) November 27, 2020

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