The Wall Street Journal reported Tuesday that President Trump’s son-in-law and senior adviser, Jared Kushner, omitted his ownership in a real-estate finance company, Cadre, that makes him business partner with billionaires George Soros, Peter Thiel and Goldman Sachs Group.
WSJ citing people familiar with the matter and government disclosure forms.
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Senior White House adviser Kushner also omitted at least $1 billion in loans from more than 20 lenders, the Journal reported.
Kushner’s interest in Cadre would usually need to be disclosed. But his failure to publicly report the debt doesn’t necessarily violate disclosure rules, experts told the Journal.
There’s still some concern that undisclosed business ties could present potential conflicts.
According to The Real Deal, in January George Soros provided the company owned by Kushner, with a $250 million line of credit.
Business Insider confirmed an unnamed, wealthy New York-based family opened up a $250 million credit line to Cadre in 2016.
Soros reportedly provided Jared Kushner’s company with a $250 million credit line. https://t.co/tGBLHzExuC
— Peter J. Hasson (@peterjhasson) May 2, 2017
Kushner’s attorney Jamie Gorelick told the Journal that a revised version of his disclosure forms includes his stake in Cadre. “According to the papers filed with the Financial Industry Regulatory Authority, Kushner holding company JCK Cadre LLC, owns 25 to 50 percent of Quadro Partners, Inc., which owns at least 75 percent of RealCadre LLC, which operates Cadre. Kushner has reduced his ownership stake to less than 25 percent.”
