Like most crime families, Donald Trump keeps family members within his trusted circle at the White House. His senior adviser is his son-in-law Jared Kushner, husband to Ivanka, and the Wall Street Journal is reporting something that seems to expose something not just rule-breaking, but pretty damning to the Trump dynasty.
Kushner didn’t report his stake in a tech start-up on his financial disclosure, and its a pretty big stake.
According to WSJ:
“[Kusher] didn’t identify on his government financial disclosure form that he is currently a part-owner of a real-estate finance startup and has a number of loans from banks on properties he co-owns, according to securities filings.”
Further, if he had, it would have revealed that Kushner’s stake in the company Cadre makes him partners not only with Goldman Sachs Group Inc., but also billionaires Peter Thiel, and legendary conservative nemesis George Soros.
Yes, that George Soros. The one every far-right-wing conspiracy theorist nutjob likes to say is secretly running the country through a vast liberal shadow government.
Here’s a nifty graphic the Wall Street Journal Put together that shows not only did Kushner fail to disclose this business venture, but that he’s also partly in bed with George Soros:
“The Cadre stake is one of many interests—and ties to large financial institutions—that Mr. Kushner didn’t identify on his disclosure form, according to a Wall Street Journal review of securities and other filings. Others include loans totaling at least $1 billion, from more than 20 lenders, to properties and companies part-owned by Mr. Kushner, the Journal found. He has also provided personal guarantees on more than $300 million of the debt, according to the analysis.”
If that’s not a conflict of interest to having a role in the White House, then who really knows what is? That is remarkably scandalous.
“Trevor Potter, a Republican former chairman of the Federal Election Commission, and other ethics experts said investments such as Mr. Kushner’s ownership of Cadre typically need to be disclosed.
They said Mr. Kushner didn’t appear to violate disclosure rules by not publicly reporting his business-related debts and guarantees. But they said such arrangements ideally should be disclosed, in part because they could force Mr. Kushner to recuse himself from certain issues involving the lenders.”
All of this spells big trouble for Trump. Not that he cares. But it could lead to several conflicts of interest down the road and a number a of headaches that will undoubtedly subsequently follow.
The biggest headache of all could stem from Kushner’s connection Soros, whether the deal was made before or after Trump’s 2016 campaign began.
According to WSJ:
“Cadre also secured a $250 million line of credit from the family office of George Soros, a top Democratic donor whom Mr. Trump criticized during his presidential campaign, the people close to the company said. Mr. Soros’s family office is also an investor in Cadre.”
If Trump wants to run again for 2020, if he’s not impeached, arrested, or forced to resign by then, the oppositional campaign commercials are already writing themselves. His best move would be to ask Kushner to step down, even though Kushner was one of the biggest reasons he won the election in the first place. He likely won’t and it will be interesting, if not purely entertaining, to watch this all unfold.
The White House is currently painted in scandal, it and doesn’t look to be getting better any time soon.
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