Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Jared Kushner, senior advisor to President Donald J. Trump, sits in on a meeting with Marine Corps Gen. Joseph F. Dunford Jr., chairman of the Joint Chiefs of Staff, at the Ministry of Defense in Baghdad, Iraq, April 3, 2017.

Jared Kushner, senior advisor to President Donald J. Trump, sits in on a meeting with Marine Corps Gen. Joseph F. Dunford Jr., chairman of the Joint Chiefs of Staff, at the Ministry of Defense in Baghdad, Iraq, April 3, 2017. (Photo: Navy Petty Officer 2nd Class Dominique A. Pineiro, via Flickr @thejointstaff).

'Corruption in Plain Sight': Jared Kushner Firm Took in $90 Million From Unnamed Foreign Entities Since 2017

 "It will cause people to wonder whether he is being improperly influenced."

Eoin Higgins

The latest scandal from the President Donald Trump administration involves secretive foreign investments in a company in which the president's son-in-law and advisor Jared Kushner has a stake.

As The Guardian reported Monday, real estate speculation corporation Cadre, which was co-founded by Kushner, has received at least $90 million in overseas capital since 2017.

"Corruption in plain sight!" tweeted journalist Rula Jebreal. 

The money came through financial services conglomerate Goldman Sachs via the Cayman Islands, making the original sources impossible to track. Neither Cadre nor Goldman are required to make the investors public and neither company has expressed any interest in doing so. 

Though Kushner reduced his share in Cadre to a minority stake of under 25 percent after joining the administration, he did not list his interest in the company in an early disclosure form. 

"It was one of the only assets that Kushner retained and it continues to collect foreign investors without transparency," Citizens for Responsibility and Ethics in Washington chief ethics counsel Virginia Canter said in comments to The Guardian

Cadre allows investors to play the real estate market like the stock market, buying and selling properties like investments and using combined purchasing power to obtain large pieces of real estate with less risk. The company partnered with Goldman in January 2018 to allow a total investment of up to $250 million from Goldman's clients; Goldman began collecting funds for Cadre in August 2017, reported The Guardian

The news was just the latest "regular Monday morning outrage," tweeted journalist Rob Garver. 

The investments may be legal, but the murky source of the cash and Kushner's lack of disclosure and other ethical issues make the entire situation look bad, George Washington University law professor Jessica Tillipman told The Guardian.

"It will cause people to wonder whether he is being improperly influenced," said Tillipman.

At the very least, the new reporting is continuing to raise questions about Kushner's ability to do his job, as Tufts University professor Daniel Drezner said on Twitter in response to the Cadre story.   

"I'll believe that Jared Kushner is growing into his role as a White House staffer when he learns to disclose all the ways a foreign government could bribe him," said Drezner. 


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

... We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Biden Drilling Report Blasted as 'Shocking Capitulation to the Needs of Corporate Polluters'

"Greenlighting more fossil fuel extraction, then pretending it's OK by nudging up royalty rates, is like rearranging deck chairs on the Titanic," said one campaigner.

Jessica Corbett ·


UNESCO Members Adopt First Global AI Ethics Agreement 'To Benefit Humanity'

"We're at a critical juncture in history," said Ethics in Tech founder Vahid Razavi. "We need as humans to come together and decide what is the best course of action to take with these technologies before they surpass us in their abilities."

Brett Wilkins ·


Progressive US Lawmakers Mark Black Friday With Calls to Pass the PRO Act

"The right to organize, fight for better working conditions, and fair pay must always be protected."

Jessica Corbett ·


'We Are Fighting Back': Global Black Friday Strikes and Protests Seek to #MakeAmazonPay

"We are workers and activists divided by geography and our role in the global economy but united in our commitment to Make Amazon Pay fair wages, its taxes, and for its impact on the planet."

Kenny Stancil ·


'It Was Entirely Avoidable': Rich Countries Blamed as New Covid Variant Sparks Global Alarm

"Allowing new variants to emerge and spread, 13 months into the vaccine era, is a policy choice by the rich world."

Jake Johnson ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo