Days after sister's visa pitch, Kushner divested asset related to Jersey City project
Source: Washington Post
Days after sister’s visa pitch, Kushner divested asset related to Jersey City project
By Amy Brittain August 31 at 2:04 PM
After the sister of White House senior adviser Jared Kushner dropped his name in early May while pitching a real estate development to wealthy Chinese investors, one of Kushner’s lawyers quickly released a statement that he had already divested all interests in the venture known as One Journal Square.
More than two months later, Kushner released an amended financial disclosure that suggested a more complicated reality: At the time of the public statement, he maintained a connection to a subsidiary of the One Journal Square project. Kushner held a “contingent right,” which allows an investor the chance to gain ownership if certain benchmarks of financial success are met — such as revenue targets.
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Kushner divested the right by moving it into his mother’s trust just three days after the speech by his sister Nicole Kushner Meyer to investors in Beijing willing to put up $500,000 in exchange for EB-5 visas granting fast-track immigration into the United States.
The move illustrates the complexity of Kushner’s private holdings, which have been the subject of public scrutiny amid revisions to his financial disclosure forms and the fallout from his family’s sales pitch. More than 100 days after Kushner, President Trump’s son-in-law, entered the White House, his legal advisers were still grappling with the sprawling nature of his assets. .... Kushner did not include the contingent right — one of 27 related to Kushner Cos. properties — in his financial disclosure form filed in late March. The rights were first disclosed in July in an amended form with a notice that they had been “inadvertently omitted.”
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Shawn Boburg, Emily Rauhala and William Wan contributed to this report.
Amy Brittain is a reporter for The Post's investigative team. Follow @amyjbrittain
Read more: https://www.washingtonpost.com/investigations/days-after-sisters-visa-pitch-kushner-divested-asset-related-to-jersey-city-project/2017/08/31/0aa16284-8103-11e7-902a-2a9f2d808496_story.html
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Days after sister’s visa pitch, Kushner divested asset related to Jersey City project http://wapo.st/2glF2tA?tid=ss_tw&utm_term=.d592f3780e05 … @AmyJBrittain
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They are playing us and we have to stop them from doing it.
