Days after sister's visa pitch, Kushner divested asset related to Jersey City project
Source: Washington Post
Days after sisters 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 Kushners 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.
....
Kushner divested the right by moving it into his mothers 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 Kushners private holdings, which have been the subject of public scrutiny amid revisions to his financial disclosure forms and the fallout from his familys sales pitch. More than 100 days after Kushner, President Trumps 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.
....
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
* * * * *
Retweeted by David Fahrenthold: https://twitter.com/fahrenthold
Days after sisters visa pitch, Kushner divested asset related to Jersey City project http://wapo.st/2glF2tA?tid=ss_tw&utm_term=.d592f3780e05 @AmyJBrittain
Link to tweet
The Wielding Truth
(11,415 posts)They are playing us and we have to stop them from doing it.
BigmanPigman
(51,649 posts)The Kushners are a corrupt as the tRumps. It is so nice to "keep it in the family" as Speaker Ryan said. This not only applies to the GOP in Congress but also to mafioso-type families run by the "Dons" (Don Vito tRump).
sandensea
(21,711 posts)Because as we all know, these divestitures are almost always to a front that in reality acts as a trustee and nothing more.