Quantcast
Connect with us

Jared Kushner-owned company raked in $90 million from secret foreign sources: report

Published

on

A real estate company partially owned by Jared Kushner has received $90 million from anonymous foreign sources since he started working in the White House.

Most of the money flowed into Cadre, a company Kushner still holds a reported $50 million stake in, through a vehicle run by Goldman Sachs in the Cayman Islands tax haven, reported The Guardian.

President Donald Trump’s son-in-law and senior adviser kept his stake in Cadre after joining the administration, and that secret foreign funding could create additional conflicts of interest in his government work.

“It will cause people to wonder whether he is being improperly influenced,” said Jessica Tillipman, who teaches government ethics and anti-corruption law at George Washington University law school.

Kushner resigned from Cadre’s board and reduced his ownership stake to less than 25 percent after joining the White House, according to his attorneys.

However, he failed to list Cadre on his first ethics disclosure, in what he called an inadvertent oversight, and is not actively involved in the company’s operations.

ADVERTISEMENT

Sources told the newspaper that the most of the money came to the Cayman Islands vehicle from another offshore tax haven, and some of the cash allegedly came from Saudi Arabia.

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

WATCH: Rosie O’Donnell takes a shot at Meghan McCain over her treatment of Joy Behar

Published

on

Rosie O'Donnell took some shots at Meghan McCain for her recent behavior on "The View."

The former co-host left about two years before McCain joined the five-woman panel in October 2017, and O'Donnell said she should show more respect to the show's veterans, reported Hollywood Life.

“I do have some compassion for her," O'Donnell said, referring to the loss of her father, Sen. John McCain (R-AZ). "Although I wish she wouldn’t be mean to Joy Behar, who is like a living legend and who should be respected for no other reason than she’s the elder statesman in the room.”

Continue Reading

2020 Election

Paul Krugman drops the hammer on the GOP’s growing ’embrace of cruelty’ under Trump

Published

on

In a damning column for the New York Times, Nobel Prize-winning columnist Paul Krugman called out Republican lawmakers for turning their backs on the needs of their constituents saying it is nothing less than incomprehensible cruelty.

Pointing to a Washington Post article on the desperate need for medical services for the poor in red-state Tennessee, Krugman said that Americans in rural communities that voted heavily for Donald Trump are bearing the brunt of the GOP's desire to gut the Affordable Care Act.

Continue Reading
 

Breaking Banner

Mitch McConnell is hated even more than Trump — and Democrats may use that to sweep the 2020 elections

Published

on

Senate Majority Leader Mitch McConnell (R-KY) arguably was everything President Donald Trump stood for politically long before Trump was even taken seriously as a presidential candidate.

Gallons of ink have been spilled about how he is a worse threat to democratic institutions than Trump. He has blocked any and all progressive reform, engineered a right-wing takeover of the federal courts, rewrote Senate rules to enforce GOP ideology, and did all in his power to undermine campaign finance and corruption laws. In the historical record, he is probably matched in his power and anti-democratic tendencies only by Joseph Gurney Cannon, the early 20th century House speaker who essentially ruled Congress with an iron fist.

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

 ENOUGH IS ENOUGH 

Trump endorses killing journalists, like Washington Post columnist Jamal Khashoggi. Online ad networks are now targeting sites that cover acts of violence against dissidents, LGBTQ people and people of color.

Learn how you can help.
close-link