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

Jess(10)

Overseas investment flowed to Cadre while Trump’s son-in-law works as US envoy, raising conflict of interest questions

Company part-owned by Jared Kushner got $90m from unknown offshore investors since 2017

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.

Cadre’s foreign funding could create hidden conflicts of interest for Kushner as he performs his work for the US government, according to some ethics experts, who raised concerns over the lack of transparency around the investments.

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

The names of the foreigners investing in Cadre via Goldman Sachs are not disclosed by the companies, which are not required to make the information public. Two sources familiar with the firm said much of the money came to the Cayman Islands vehicle from a second offshore tax haven, while some came from Saudi Arabia.

Kushner was initially denied a security clearance by career officials when he joined Trump’s administration. A whistleblower has told Congress it was blocked due to concerns about Kushner’s outside business interests and “foreign influence”. Kushner was later granted a clearance, allegedly after a Trump appointee intervened.

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Comments (16)
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Ziemia(6a)

Used to be, divestiture was required.

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F.M.

"unknown"... the trump swamp is a really a sty.

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judeNY_gw

When I worked in financial services, I was required to disclose the full details of every trade I made. And I was nobody with no power.

How do they get away with it?

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Jana

Tell me something. Is there anyone in trump's circle who is not corrupt or compromised?

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Delilah66

Alex, Jana’s Question for $1M. What is No?

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Jess(10)

I don't think it's allowed Jana

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Izzy Mn(4)

Color me shocked, just shocked that anyone could possibly be in anyway corrupt and on the take in the Trump family, not.

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Joaniepoanie

Crickets of course from guess who.

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milliecat

Hey wingers. Defend this.

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vgkg Z-7 Va(Z-7)

Their defense? "They're all alike"

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cecily 7A

Saudi money perhaps. How many favors has the Trump administration given the kingdom?

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marquest(PA zone 6)

His daddy needs to start instructing him how to survive jail. Like father like son and son of the father in law.

You get by but you do not get away. One way or the other he and all the griffters will have a pay day before they go to their final dirt bed.

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milliecat

Someday hopefully he'll experience jail life like dear old crooked dad. No wonder Ivanka married him. He's just like her dear old crooked dad.

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maddie260

They are all so dirty.

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ingrid_vc so. CA zone 9

I would have thought someone from the right would come to his defense. They're always notably absent when the dirt hits the fan, although the ugly facts about this whole family don't really bother them.

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cecily 7A

And why does Jared have a security clearance?

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