SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
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."
Jun 10, 2019
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.
\u201cCorruption in plain sight!\nA company part-owned by Jared Kushner has received $90m in foreign funding from unknown offshore investor.\nThe \ud83d\udcb5 came through a vehicle run by Goldman Sachs in the Cayman Islands, a tax haven that guarantees corporate secretary. https://t.co/dVp9Zn1fok\u201d— Rula Jebreal (@Rula Jebreal) 1560167850
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.
Why Your Ongoing Support Is Essential
Donald Trump’s attacks on democracy, justice, and a free press are escalating — putting everything we stand for at risk. We believe a better world is possible, but we can’t get there without your support. Common Dreams stands apart. We answer only to you — our readers, activists, and changemakers — not to billionaires or corporations. Our independence allows us to cover the vital stories that others won’t, spotlighting movements for peace, equality, and human rights. Right now, our work faces unprecedented challenges. Misinformation is spreading, journalists are under attack, and financial pressures are mounting. As a reader-supported, nonprofit newsroom, your support is crucial to keep this journalism alive. Whatever you can give — $10, $25, or $100 — helps us stay strong and responsive when the world needs us most. Together, we’ll continue to build the independent, courageous journalism our movement relies on. Thank you for being part of this community. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
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.
\u201cCorruption in plain sight!\nA company part-owned by Jared Kushner has received $90m in foreign funding from unknown offshore investor.\nThe \ud83d\udcb5 came through a vehicle run by Goldman Sachs in the Cayman Islands, a tax haven that guarantees corporate secretary. https://t.co/dVp9Zn1fok\u201d— Rula Jebreal (@Rula Jebreal) 1560167850
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.
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.
\u201cCorruption in plain sight!\nA company part-owned by Jared Kushner has received $90m in foreign funding from unknown offshore investor.\nThe \ud83d\udcb5 came through a vehicle run by Goldman Sachs in the Cayman Islands, a tax haven that guarantees corporate secretary. https://t.co/dVp9Zn1fok\u201d— Rula Jebreal (@Rula Jebreal) 1560167850
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.
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.