Hunter Biden money making issues pale to Jared Kushner’s ability to front his old government ties and his father-in-law connections, influence and possible future…
Kushner is un-apologetic
Jared Kushner’s investment fund is not especially large by global finance standards. But as he gets it fully up and running, each step is bringing with it ethical issues that would only grow if his father-in-law, Donald J. Trump, should win another term as president.
His $3 billion fund is financed almost entirely from overseas investors with whom he worked when he served as a senior adviser in the Trump White House. He has taken money from government wealth funds in Saudi Arabia, Qatar and the United Arab Emirates, as well as from Terry Gou, a founder of Foxconn, the Taiwan-based electronics manufacturer, whose role in Mr. Kushner’s firm has not been previously disclosed.
In total, 99 percent of the money placed with him by investors has come from foreign sources, according to a filing with the Securities and Exchange Commission in late March.
Mr. Kushner’s firm, Affinity Partners, is collecting approximately $40 million a year in management fees from those investors even before any share of profits earned on investments. He has made 10 investments to date, totaling $1.2 billion, many of them in companies based abroad….
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The foreign transactions — previously unseen in scale and speed for a former White House adviser — are bringing fresh scrutiny as Mr. Kushner’s father-in-law again seeks the White House and control over American foreign policy.
Mr. Kushner’s business partner in the car-leasing firm is part owner of Israel’s only domestic builder of warships, putting him in business with executives who are also major shareholders in an Israeli military contractor whose vessels have been used in the war in Gaza, armed with American-made weapons.
Last month, Mr. Kushner announced plans for his biggest deals yet, including a $500 million hotel and condominium complex in Serbia and two other luxury developments planned on the Mediterranean coast of Albania. These projects benefited from relationships built in part during the Trump administration and directly involved the president of Serbia and the prime minister of Albania, with whom Mr. Kushner has met….
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“There are plenty of foreign governments that would like to be viewed favorably by the president of the United States,” Mr. Schooner said. “Entering into business deals with the future president’s son-in-law is one way to accomplish that.”
Mr. Kushner said he remained confident that if Mr. Trump was re-elected, all decisions his father-in-law made would be based on what was best for the country, not any family business interests. He added that no favors to him from any foreign government would be accepted….
image…NY Magazine