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A House Judiciary Committee member is accusing White House Senior Adviser Jared Kushner of enriching himself by not revealing his stake in a real estate business on his financial disclosure forms — a move from which Kushner may have profited.
“It appears [Kushner] ended up being the beneficiary of that omission,” Rep. Ted Lieu (D-CA) told Newsweek. “He enriched himself by failing to disclose the asset.”
Kushner - Stake - Company - Cadre - Error
Kushner’s stake in the company, Cadre, was an “administrative error,” according to Kushner’s lawyer but Newsweek reports that it allowed Trump’s son-in-law to maintain a stake in a start-up as it attracted investors and doubled its venture funding.
Kushner submitted his financial disclosure form on March 9 to the Office of Government Ethics, with the company he co-founded with his brother Joshua and a Harvard classmate not specifically listed. Newsweek lays out how different Kushner’s disclosure was from how he eventually amended it:
Kushner - Lawyer - Cadre - March - Form
Kushner’s lawyer says Cadre was not specifically cited on the March 9 form because his holding company, BFPS Ventures, acquired his interest in Cadre on February 17. That transaction appears to be noted on his financial records as a $100,000 to $250,000 sale. But that amount does not match subsequent disclosures. When Kushner finally amended his financial disclosure form on July 21, he valued...
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