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Items tagged with: jaredkushner

Zhi Zhu 🕸️

19 hours ago

Zhi Zhu 🕸️
19 hours ago

"Kushner’s firm creates #conflicts of interest, particularly w/his father-in-law running for re-election.

...asked why Affinity Partners had not “distributed a penny of earnings back to clients”...

“Affinity’s investors may not be motivated by commercial considerations but rather the opportunity to funnel #foreign #government money to members of Trump’s family, namely #JaredKushner & Ivanka #Trump”
https://www.nytimes.com/2024/09/25/us/politics/kushner-private-equity-saudi-arabia.html?unlocked_article_code=1.Nk4.3MN7.IaV3Y5CMFMM7&smid=url-share#

#GOP #Corruption #Politics #Republicans #US #USPol #Election2024 #News

Text from article:
The committee opened an investigation this spring in response to reporting in The New York Times examining the firm’s first three years of work.

Senator Ron Wyden, Democrat of Oregon, the committee’s chairman, said the new information had only deepened his concerns that Mr. Kushner’s firm creates conflicts of interest, particularly with his father-in-law running for re-election.

Mr. Wyden asked why Affinity Partners had not “distributed a penny of earnings back to clients,” and suggested that perhaps it was set up primarily as a way for foreign entities to pay the Kushners rather than a typical fund in which partners reap the returns of deployed capital.

“Affinity’s investors may not be motivated by commercial considerations but rather the opportunity to funnel foreign government money to members of President Trump’s family, namely Jared Kushner and Ivanka Trump,” Mr. Wyden wrote in a letter to Affinity this week, asking two dozen questions.

#News #politics #Trump #us #Government #corruption #GOP #uspol #republicans #election2024 #conflicts #jaredkushner #foreign

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"The private equity firm run by #JaredKushner, the son-in-law of former President Donald J. #Trump, has been paid at least $112 million in fees since 2021 by #SaudiArabia & other foreign investors, even though as of July it had not yet returned any profits to the #governments largely bankrolling the firm.

...the findings of a Senate #Finance Committee inquiry into the operations... the Miami-based firm #Kushner set up."

#GiftArticle #GiftLink
https://www.nytimes.com/2024/09/25/us/politics/kushner-private-equity-saudi-arabia.html?unlocked_article_code=1.Nk4.3MN7.IaV3Y5CMFMM7&smid=url-share#

#GOP #Corruption #USPol

News headline, photo with caption, and byline.

Headline: Kushner’s Fund Has Reaped Millions in Fees, but So Far Returned No Profits

The son-in-law of former President Donald J. Trump has said he has intentionally moved slowly to invest investors’ money, which came primarily from foreign entities.

Photo: Jared Kushner walks holding a cellphone. He’s wearing a dark blue suit.

Caption: Jared Kushner in Riyadh, Saudi Arabia, in 2022. About $2 billion of the investments in his private equity firm have come from the Saudi government’s Public Investment Fund.
Credit...Tamir Kalifa for The New York Times

Byline: By Eric Lipton
Reporting from Washington
Sept. 25, 2024

#Trump #finance #corruption #saudiarabia #GOP #uspol #giftarticle #GiftLink #kushner #governments #jaredkushner

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Wendy Siegelman

1 week ago

Wendy Siegelman
1 week ago

NEW: How Jared Kushner’s Saudi-funded Affinity Partners has invested over $1 billion - including in an obscure deal with WeWork's ex-CEO Adam Neumann

In July Sen. Wyden launched a probe of Kushner's firm and the potential conflicts of interest as foreign govts try to influence Kushner and Trump as he runs for president.

I put together a full overview of the companies in which Kushner's Affinity Partners has invested to-date:

#Kushner #JaredKushner #AffinityPartners

https://newstracs.com/how-jared-kushners-affinity-partners-has-invested-over-1-billion/2024/09/16/