For Immediate Release

Organization Profile: 

Carried Interest Quid Pro Quo Questionable at Best

WASHINGTON - Following reports that Kushner Companies received large loans from Apollo Global Management and Citigroup, and that Jared Kushner took official White House meetings with representatives from both groups, Chair of the Patriotic Millionaires and former managing director at BlackRock Inc, Morris Pearl issued the following statement:

“We don’t want to accuse anyone of inappropriate conduct, but the timeline of Kushner’s meetings with the executives from Apollo and Citigroup is questionable at best. Looking at the large loans the Kushner Companies received and at the Trump Administration’s subsequent one-eighty on closing the carried interest loophole, there is little room for doubt that corruption and pay-to-play politics are to blame for the continued existence of this egregious loophole.”

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