Jared Kushner Met Private Equity Firms In White House, Got Massive Loans

Georgia Reed
March 2, 2018

Kushner, 37, secured a $184 million loan from Apollo Global Management in November - a few months after Apollo's founder began to pay regular visits to the White House and met with Kushner, The New York Times reported. Harris met with Kushner multiple times to discuss infrastructure policy, but they also spoke about Harris possibly getting a job with the administration, which never happened.

The $325 million from Citigroup was one of the largest loans Kushner Companies received previous year.

The money was loaned to the Kushner group in the spring of 2017, shortly after Corbat met with Kushner at the White House.

A spokesman for Kushner's lawyer told the Times that he "has taken no part of any business, loans or projects with or for" Kushner Companies since joining the White House. A week ago, the New York State Department of Financial Services (DFS) requested information from the Deutsche Bank, Signature Bank and New York Community Bank on their relationships with Kushner and his family's real estate company, Reuters reported.

Kushner reportedly received a $325 million loan from Citigroup.

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And spokespeople for both companies asserted the loans granted to Kushner Companies were unrelated to the meetings.

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In Kushner's case, a permanent clearance wasn't coming anytime soon; according to the Washington Post, Deputy Attorney General Rod Rosenstein had warned the White House on February 9 that recent revelations in Kushner's background investigation "could be an obstacle to his clearance process". In Ivanka's case, it's mostly just a matter of fairness, but recent reports indicate Kushner's dilettante diplomacy could be putting USA national security at risk.

Jared Kushner's family business received hundreds of millions of dollars in loans from two firms after their executives took part in meetings with President Donald Trump's son-in-law in the White House. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", spokeswoman Christine Taylor said.

Kushner last Friday was informed that his temporary security clearance was downgraded from Top Secret/SCI-level to Secret level, cutting him off from classified information he had been accessing as his background check by the Federal Bureau of Investigation dragged on.

The Kushner family has repeatedly sought Israeli investors for their real estate company, and Kushner's business ties to Israel are considered extensive. According to reports, Mueller has been looking into the financial dealings of a number of Trump family members, including Kushner.

A Citigroup spokeswoman said the firm's relationship with Kushner Companies was not connected to Kushner's White House role. His real estate holdings and other investments are worth as much as $761 million, according to government ethics filings.

News of federal inquiries concerning Kushner Cos. has emerged in recent months, including by prosecutors at the US attorney's office in Brooklyn and by the Securities and Exchange Commission, The Wall Street Journal has reported.

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