President Trump’s son-in-law and senior adviser Jared Kushner didn’t disclose his part ownership of a real-estate finance startup known as Cadre, according to a Wall Street Journal review of Kushner’s securities and other filings.
The Journal notes that Kushner’s Cadre stake “means the senior White House official is currently a business partner of Goldman Sachs Group and billionaires including George Soros and Peter Thiel.” The Journal also reports that Kushner didn’t disclose a number of loans “totaling at least $1 billion, from more than 20 lenders,” on properties and companies he co-owns; and Kushner “has also provided personal guarantees on more than $300 million of the debt.” An analysis of the debt on these assets “found ties to a broad swath of U.S. and foreign banks, private-equity firms, real-estate companies and government-owned lenders.”
Not much swamp-draining potential there. Protected by nepotism?
hat-tip Stephen Neil