
Jared Kushner failed to disclose his ownership of a real
estate startup linked to Goldman Sachs and George Soros, according to a report
Tuesday.
Kushner, President Trump’s son-in-law and top adviser, didn’t
note on his government financial disclosure form that he is a part-owner of
real estate finance firm Cadre, which matches investors with real estate
projects, the Wall Street Journal reported.
Cadre’s other investors include Goldman Sachs, billionaire and
top Democratic donor Soros and PayPal co-founder Peter Thiel.
Kushner also didn’t disclose at least $1 billion in loans from
more than 20 lenders, as well as various properties and companies he partly
owns, according to the Journal, which reviewed securities and other filings.
More than $300 million of the debt was backed by personal
guarantees, the review found.
Kushner’s lawyer Jamie Gorelick said he reported his ownership
of a company called BFPS Ventures LLC, which includes Cadre. The form, though,
doesn’t specifically mention Cadre.
Gorelick said Kushner’s stake in Cadre — which he founded in
2014 with his brother Joshua and pal Ryan Williams — is outlined in a revised
financial disclosure form that will be made public once it’s certified by
ethics officials. More at New York Post