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

[nitpicker]

https://www.theguardian.com/us-news/2019/jun/10/jared-kushner-real-estate-cadre-goldman-sachs

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

Jon Swaine in New York

Mon 10 Jun 2019 07.00 BST Last modified on Mon 10 Jun 2019 07.31 BST

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.

Kushner resigned from Cadre’s board and reduced his ownership stake to less than 25% after he joined the White House, according to his attorneys. He failed to list Cadre on his first ethics disclosure, later adding the company and saying the omission was inadvertent. Cadre says he is not actively involved in the company’s operations.

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.
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[uponit7771]

1. Offshore Russians

[JI7]

2. fuck this family

[Scarsdale]

3. This pretending to be president

gig has been wonderful for the entire grifting family. Time to make Goldman Sachs explain their "off shore" tax havens. After being bailed out by taxpayers, they OWE an explanation. Con artists, the entire group. Why does Kushner still have top security clearance?

[Achilleaze]

4. Jar Jar K* is a regular KGOP-republican sweetheart

* spawn-in-law of Dirty Donny, the republican Draft-Dodger-in-Chief

[watoos]

5. If someone wrote a book about the Trump crime family

no one would believe it.
Jared is negotiating a peace deal with Israel and Palestine. How many people are aware how close the Kushners are to Bibi? Bibi actually slept in Jared's bedroom many years ago.

[EleanorR]

6. it's a kleptocracy

The trumps all use their positions and power to enrich themselves. 100 million for golf in two years, at his clubs, money going back into his pocket, people staying at his hotels in exchange for favors, Ivanka's many patents, Jared's mystery cash, Chao's family shipping business...

[Yo_Mama_Been_Loggin]

7. And the Trump sleaze keeps rolling on.