Trump son-in-law Kushner has undisclosed ties to Goldman and Soros

Published time: 3 May, 2017 14:49

US President Donald Trump’s senior adviser Jared Kushner has undisclosed business ties with Goldman Sachs as well as billionaires George Soros and Peter Thiel, according to people familiar with the matter and securities filings.

The business relationships with major players in the financial and technology worlds, which hadn’t been previously revealed, are reportedly through a real estate tech startup Cadre that is co-founded and partially owned by Kushner.

Soros and Thiel along with Goldman Sachs Group also own stakes in the enterprise. The head office of the new firm is located in a Manhattan building owned by the Kushner family’s company, according to people close to Cadre.

The stake in the startup is one of the numerous interests, as well as ties to big financial institutions, which were not identified in Kushner’s government financial disclosure form, according to a Wall Street Journal review of securities and other filings.

Other assets reportedly include loans totaling at least $1 billion, from more than 20 lenders to properties and companies part-owned by Kushner, the paper reported.

The analysis also revealed that Kushner had provided personal guarantees on more than $300 million of the debt.

Senior government officials in the United States are obligated to disclose all business interests before assuming office.

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U.S. President Donald Trump gives a thumbs-up as he and White House Senior Advisor Jared Kushner depart the White House in Washington, U.S., March 15, 2017

Trump's Adviser and Son-in-Law Fails to Report Dealings With Soros

US President Donald Trump's senior adviser and son-in-law Jared Kushner did not disclose existing business connections with the investment firm Goldman Sachs Group Inc. and billionaires George Soros and Peter Thiel, media reported on Tuesday.

WASHINGTON (Sputnik) — Kushner holds shares of a New York-based real-estate financial firm Cadre that works on a number of project with Goldman Sachs and prominent investors, including Soros, The Wall Street Journal reported citing securities filings.

Trump's son-in-law also failed to report nearly $1 billion in loans from more than 20 lenders to his corporations and properties, according to the filings. Kushner’s lawyer Jamie Gorelick said his client disclosed his ownership of BFPS Ventures LLC, which is a housing company for Cadre.

Since Trump took office in January, US media and lawmakers have detailed a number of his and his family’s business dealings and possible conflicts of interest. In April, Senator Michael Bennet suggested foreign individuals, entities and governments may patronize Trump businesses to influence the White House policies.

Kushner is a former real estate developer who began advising Trump and meeting foreign leaders after the November election. He was named to an official White House position on January 9, the same day he announced he would step down as CEO of the Kushner Companies.