Wednesday, April 13, 2022

Kushner Companies

In 2017, Nicole Kushner Meyer joined her brother Josh in Kushner Companies, serving as a principal.[32] Meyer was criticized for mentioning her brother's White House position during investor presentations she gave in China when soliciting $150 million for 1 Journal Square in Jersey City, causing her to cancel the rest of her roadshow appearances.[33] In another dispute involving 1 Journal Square, the company is attempting to get $113,659 from the city to cover legal expenses.[34]

According to Bloomberg, the company is facing[when?] an increasingly "distressed situation". Over the last few years, family members have sought substantial overseas investment to deal with "troubled finances".[35]

In the 2010s, developers such as the Kushner Companies widely used the EB-5 visa to fuel a "high-end US residential boom".[36] In May 2017, Trump renewed the visa program in his first major piece of legislation.[37] That September, the United States Attorney's office subpoenaed the Kushner Companies over the use of the EB-5 visa program to fund developments.[38]

In December 2017, the United States District Court for the Eastern District of New York subpoenaed Deutsche Bank records pertaining to Kushner Companies.[39] The New York Times reported in May 2019 that anti-money laundering specialists in the bank detected what appeared to be suspicious transactions involving entities controlled by Donald Trump and Jared Kushner, for which they recommended filing suspicious activity reports with the Financial Crimes Enforcement Network of the Treasury Department, but bank executives rejected the recommendations. One specialist noted money moving from Kushner Companies to Russian individuals and flagged it in part because of the bank's previous involvement in a Russian money laundering scheme.[40][41]

In 2020, ProPublica and WNYC reported that Kushner Companies received "a near-record sum" from government-backed lender Freddie Mac. The $786 million in loans helped Kushner Companies purchase thousands of apartments in Maryland and Virginia and appeared to come with "unusually good terms," raising conflict of interest questions due to Jared Kushner's role as Senior Advisor to the President of the United States. [42]

1 comment :

  1. His Jewish sister brags about how her brother is in the government..


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