Anyone could forget having a BILLION $ loan... right?
ONE BILLION DOLLARS
Kushner Didn’t Disclose Startup Stake
Senior adviser and son-in-law to the president, Jared Kusher, allegedly failed to note on a government financial-disclosure form $1 billion in loans and the fact that he is part-owner of real-estate finance startup called Cadre, The Wall Street Journal reports.
Due to his stake in Cadre, Kushner is a business partner of Goldman Sachs, as well as Peter Thiel and George Soros.
Overall, Kushner failed to identify about $1 billion in loans from more than 20 lenders, according to the report, which was based on securities and other filings.
A lawyer for Kushner, Jamie Gorelick, said the stake in Cadre is detailed in a new, revised version of the financial-disclosure form and that it will be publicized after certification from ethics authorities. Gorelick said Kushner has “resigned from Cadre’s board, assigned his voting rights, and reduced his ownership share.”
READ IT AT THE WALL STREET JOURNAL
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